It continues to be shocking what investors fall for when it comes to investing in companies.  Acast had a Series C investment of 35 million. Yet the Acast numbers tell another story. Using feed analysis data provided by Daniel J Lewis the following tells an eye-raising story of what Acast has going on with the small number of shows they have.

Acast Stats
2.4K podcasts (0.4%) of Global Listings in Apple Podcasts
1.3K active podcasts (52.9%) have published an episode in 90 days.
1.1K inactive podcasts (47.1%) have not published an episode in 90 days
186 with 3 or fewer episodes (7.8%)
444 with 4–9 episodes (18.7%)
1.0K with 10–50 episodes (43.4%)
713 with 51 or more episodes (30.1%)
1.1K point to podcast page on media host (48.2%)

Yet they only had 2 million in revenue and now 155 million pre-money valuation. If you compare that to Libsyns numbers and revenue Libsyn reports Libsyn should have a market cap of around 3 billion which is a pipe dream as well.

Libsyn Stats
40.9k podcasts
25.3k active podcasts (62.0%)
15.5k inactive podcasts (38.0%)
3.3k with 3 or fewer episodes (8.1%)
6.5k with 4–9 episodes (15.9%)
18.2k with 10–50 episodes (44.5%)
12.9k with 51 or more episodes (31.6%)
18.3k point to podcast page on media host (44.9%)

This is not going to end well for the investors at Acast in our opinion.