MOLI is a social network that promises to give users (both individuals and businesses) more control over their social network profile — by letting them create multiple MOLI profiles.
The company envisions you creating one profile for interacting with your friends, another for your coworkers. So in some sense it’s trying to be a competitor to both Facebook or Myspace for social relationships and LinkedIn for business networking.
Moli lets you manage these profiles from a central place, as well as do things like add videos, or RSS feeds.
Molis is the core subsidiary of a media company called Mainstream Holdings, Inc., which has both an unusual list of high-profile backers and a ridiculous amount of funding. Mainstream Holdings is founded, in part funded, and run by Christo M. Cotsakos, the former chief executive of E*TRADE.
The company, based in West Palm Beach, Florida, has just raised $29.6 million, bringing the total amount raised so far to a whopping $55.6 million. Three of its many private investors will join the board. They include Bernard Marcus and Kenneth G. Langone, co-founders of HomeDepot and Steven D. Holzman, Managing Member of Vantis Capital Management.
Tags: Co:mainstream-holdings, people:Christo-M.-Cotsakos4 Comments
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tomas caglione said:
Moli got 25 mil more thats unbelievable the site has like no traffic…. These guys missed the boat for $25 million they could have bought the entire company of vois.com that trades under VOIS their entire market cap for the stock is just 18 million and they didnt even do any capital raise!!!!!- whats even crazier is that MOLI did nothing with the first round of money except blow it –oh well Ill bet this money gets flushed down the drain as well
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bocaboy said:
I cannot believe that this a true story and if it is I have just lost all respect for venture capitalists. If in fact Moli got another $25,000,000 its only because they burned through their last round of capital and needed more. Moli is pathethic. Its ranked 87,653 in the world and got there by spending $20,000,000 it got before. These guys at moli have no idea what they are doing its like EONS.com all over again. If these investors were smart they could have made much better investments. I saw mentioned above VOIS.com yeah it would have been better but vois is still small ranked at 6,899 in the world. A much better investment would have have been MULTIPLY.com they are ranked 103 in the world and they got their with a total of just $26,000,000 invested. I just looked up Venturebeats traffic its 16,543 maybe they should hit up this “investor” group for $100,000,000 what idiots.
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peter said:
Don’t count the old dogs out..they didn’t become billionaires by making bad investments…and bocaboy seems to be an employee of multiply.com
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william said:
hmmmmm
I think that openid can handle most of what MOLI is trying to do….and I dont think any closed source solution can give a user control of their content…..also what about allowing a user to export their info….
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