Star-backed Nashville startup toasts global knowledge
Milt Capps LAST UPDATED March 23, 2009 - 10:14 AM
Nashville-based Internet startup Moontoast LLC aims to connect people with problems to experts with solutions, worldwide.Moontoast is claiming a giant step forward in the creation of networks of knowledge and expertise, by offering a platform for live "face-to-face" video connections between client questioners ("Seekers") and participating consultants ("Experts").
Moontoast tools allow inquirers to search for experts, schedule two-way video sessions with the gurus, and communicate asynchronously with them via messaging or e-mail. Sessions' pre-determined prices are set by the experts, who may adjust their charges based on market demand for their time at varying pricepoints. Moontoast was officially announced last week during the South by SouthWest Festival's Accelerator venture showcase, in Austin. Moontoast executives say they believe they made the splash they intended with their brand launch during SXSW – a venue deemed likely to attract influentials, including investors, who are most attuned to evolving social media. Although the company's site is still in its beta phase of development, the founders say they've already connected their venture to investors who include Vince Gill, Amy Grant, Wynonna Judd and Kip Winger. While three of those names are Country icons, Winger is a still-evolving performer who, in addition to his band Winger has played bass with Alice Cooper, performed with Alan Parsons and, in 2008, offered a solo album. Moontoast is the brainchild of three co-founders, including Interim CEO Joe Glaser (left), owner of Glaser
Glaser told VNC during an interview Friday that Moontoast's launch has been accomplished in about eleven months with less than $500,000 in capital invested by himself and others from Nashville, the Bay Area and the music industry. He emphasized Moontoast's current business model relies entirely on taking a slice of each session fee, whereas in future advertising and other revenue streams are likely to be developed. Next up? Glaser said Moontoast is considering pursuing A-round financing and has had preliminary conversations with The Moontoast management team believes the company stands apart from other providers of expert networks, in that through any Web browser all parties may access "live face-to-face video" sessions. Moontoast Chief Content and Brand Officer Mike Haje (right) carries the marketing, advertising and promotions VNC research indicates Moontoast's corporate charter was filed in June 2008 by Stephen Wood, an attorney with Baker Donelson Bearman Caldwell & Berkowitz, in Nashville. Also, the Moontoast logo – a crescent Moon incorporating learning symbols – was developed by Phoenix-based OVO Creative Group. Moontoast employs Magento e-commerce software and services from Los Angeles-based Varien (IRubin Consulting). Payment processing for expert sessions is executed via PayPal accounts.
|