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While E*Trade Sucks Wind, Former CEO Raises $29.6M For SocNet MOLI

Posted on January 29, 2008

Former E*Trade CEO Christos Cotsakos left the company under a cloud but he's living large in West Palm Beach, FL and his latest startup has raised $29.6M. Mainstream Holdings did the deal with Home Depot co-founders Bernard Marcus and Kenneth Langone, and Vantis Capital Management's Steven Holzman. A local paper reports that the startup raised an initial $20M from Cotsakos and $6M from other investors. Opening the kimono today at the Demo event, Mainstream Holdings was launched in 2004 but is launching a social network called MOLI. MOLI is led by some E*Trade refugees including COO Judy Balint...

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