Welcome back to Baby Breakerdom, and happy St. Patrick's Day! This week's quest to find budding Rule Breakers reveals a very green podcaster and an extra-juicy deal.
First up this week is Podtech Networks, which, like Rule Breakers portfolio member CNET (Nasdaq: CNET ) , aims to be a digital source for news. There's just one major difference: Podtech will deliver all of its coverage via podcast.
I find the idea intriguing, but what really classifies Podtech as a potential Breaker for me is its story. VentureWire reports that the company was born after founder John Furrier started carrying a microphone with him to interview his Silicon Valley friends, many of whom were venture capitalists. (Click here for the company's InfoTalk podcast series.)
Now it seems that some of those friends convinced him there was a business to be built around his interviews. The plan includes delivering sponsored podcasts and paid content. Early customers include Juniper Networks and Yahoo! A $5.5 million round of funding from Venrock Associates and U.S. Venture Partners, among others, will go toward expanding the business by hiring experienced radio and TV producers.
Next up is Jamba Juice, which on Monday was bought by investor Services Acquisition Group (AMEX: SVI ) for $265 million in cash. The deal is interesting in that it places the leader of SVI, Steven Berrard -- also the former CEO of Blockbuster (NYSE: BBI ) and founder of AutoNation (NYSE: AN ) -- right back into the retail marketplace, where it seems he's most comfortable.
The deal also makes strategic sense. Jamba Juice is a known brand for fast-food health drinks (yes, I know, an oxymoron if there ever was one). And it has a large following on the West coast. More capital will make it easier to grow the concept geographically.
Most interesting, though, is that the buyout, once approved, will effectively mark the end of SVI and the dawn of Jamba Juice as a public company. Expect more such deals. Indeed, on this greenest of green days, it's important to remember that big firms are flush with moola, and buyout specialists have built record-large funds for investing. For well-placed private firms, that means the luck of the Irish may continue all year.
Sadly, there were no Baby Breaker public offerings this week, which means it's time to say goodbye. See you back here next Friday, when we continue the quest to find the next ultimate growth stock.
For more Rule Breaking Foolishness:
- Check in with last week's infants.
- It's Breaker vs. Breaker in this year's Stock Madness showdown.
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Fool contributorTim Beyerswill be having Guinness with his Irish stew tonight. How about you? Tim didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Foolprofile. The Motley Fool has an ironcladdisclosure policy.