ManyOne Networks

ManyOne Networks was an Internet services company headquartered in Los Gatos, California that declared Chapter 7 Bankruptcy on October 12, 2009.[1]

Business operations

At its height, around March 2006, it had about 50 employees.[2][3]

In March 2006, the Associated Press reported that to fund the venture, the Digital Universe site would "sell monthly subscriptions that let visitors get additional content and features, many of them offered by for-profit third parties, such as film producers, game makers, map providers and book publishers." The monthly fee was to include an e-mail service offered by Digital Universe, and academics and others contributing content were to get 25% of the proceeds.[2]

During 2006, ManyOne shifted into building what it called the "Public Internet Media System", which it described as "a service that empowers non-profits, companies, agencies and individuals to build and operate financially self-sustaining community and web portals."[4] In a January 2006 press release, the company had similarly said "partners will be able to quickly create specialized portals for their members, complete with all the multimedia capabilities of the Digital Universe, Internet access, world class e-mail, Universal Instant Messaging and 24/7 customer and technical support. They were also supposed to be able to add specialized multimedia or ordinary website content, if they chose.

In May 2007, Time Magazine reported that in addition to third-party portals, the company planned to generate revenue by providing optional build-your-own-website service and email hosting for $7.95 a month.[3]

Manyone Waterfall Debt Repayment Program

On July 27, 2015 Manyone and Joe Firmage announced a debt repayment program to repay employees who Firmage and his companies had employed without paying them salaries since 2014. Again on September 27, 2015, Manyone announced that it had reached an out of court settlement with Drew Taubman for repayment of monies owed by Manyone and Firmage due to non-payment of its employees.[5]

Manyone and Firmage stated “Based upon renewed understanding of external circumstances and events, from Q2 2014 to today, which caused material harm to members of the Executive Team and Board of ManyOne, and to Drew Taubman, we have reached a renewed and restated settlement with Mr. Taubman. This action acknowledges the forging of pathways both for ManyOne, its Board and Executive Team, as well as the resolution of past issues with Mr. Taubman on a priority basis. We stand united against third party tortious interference against ManyOne, its leadership and its agreements, and jointly reaffirm Mr. Taubman has never been involved in any such action.”[6]

References

  1. ↑ "ManyOne Networks, Inc.". Bloomberg Businessweek. Retrieved 23 June 2010.
  2. 1 2 Dan Goodin, "Website aims to build non-profit research storehouse", Associated Press, March 5, 2006
  3. 1 2 Peta Owens-Liston, "Cataloguing the Best of the Web", Time Magazine, May 15, 2007
  4. ↑ "Our Vision", ManyOne.net.
  5. ↑ , Manyone Press Releases
  6. ↑ , Manyone Press Releases

External links

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