Broadcast.com Founder Wagner, Others Bet On New Social-Networking App
Summary
John Muse of leveraged-buyout fame, Broadcast.com co-founder Todd Wagner, and Inktomi co-founder Bennie Bray, along with other investors, have put roughly $5 million in Nomee, a Plano, Texas-based startup that’s trying to make it easy for people to centrally manage their activity on multiple social networks. The startup — which launched its Adobe (NSDQ: ADBE) Air desktop app in April — is obviously not alone in its ambitions: Friendfeed, Tweetdeck and even the big portals think there’s an opening in the market. (Tie-ins with Facebook and MySpace were a major component of the recent Yahoo (NSDQ: YHOO) home-page redesign). The company has retooled the application since its debut — adding a new user interface — in response to feedback. Five million dollars seems like a lot for an app, but the investing team doesn’t specialize in small bets.