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Episode 370 of The VentureFizz Podcast features Toshit Panigrahi, Co-Founder & CEO and Olivia Joslin, Co-Founder & COO of TollBit.
There are going to be so many amazing benefits and advancements that are a result of the platform shift to AI. However, in this new world, many industries will need to go through radical transformation and the publishing industry is right in that mix.
We even see some of these issues with VentureFizz, of course at a much smaller scale as compared to major publishers. For example, if you are searching for information about some startups in Boston, it’s possible that the results will include content from VentureFizz in the results from Google Gemini.
While in one regard, it is great that Google views us as an authority on the topic, it does however eliminate the need for the consumer to come to our site because they likely have their question answered. It’s really not a major problem for us because of our business model, but it is certainly a major problem for publishers who count on pageviews for ad revenue.
Enter TollBit, a two-sided marketplace for AI companies and publishers started by two alumni of Toast. The platform seeks to address the new economics of content creation in the AI era by reducing the legal uncertainties of scraping and protecting the health of the entire content ecosystem.
The company recently announced a $24M Series A round of funding in October of last year which comes shortly after raising a $7M seed round in March of last year, as well.
Chapters:
- 00:00 Intro
- 00:10 AI & the Media Industry
- 03:51 Olivia's & Toshit's Background & Professional Journey
- 12:48 Starting TollBit
- 17:46 The Details of TollBit's Platform
- 25:07 TollBit's Funding & Pitch Advice
- 31:06 TollBit's Business Model
- 37:27 The Importance of Advisors for Your Startup
- 39:12 Lessons Learned While Building TollBit
- 42:18 Hiring
- 44:11 App & Podcast Recommendations
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