Ology Media, Inc. (formerly Big Live, Inc.), raised $175,000 out of a $750,000 mezzanine offering from three investors. No placement agent was hired for the offering. It is currently unclear if Big Live, Inc. is going to be merged with Ology Media, Inc. (formerly Ology Corp. and College Media, Inc.) and for now changed its name to Ology Media, Inc. According to publicly available information both companies are still in existence and registered in Delaware under the same name. Both entities have each revenues below $1 million and raised a combined estimated $14.6 million since their foundation.
Regardless of the corporate actions, the “new” Ology Media, Inc. combines Big Live’s patent-pending social networking technology with Ology Media’s content network and blogging community targeting millennials (formerly known as Generation Y, read: 15-24 years old). Big Live’s technology allows users to broadcast videos, host conversations and create communities from anywhere on the web, while Ology provides a meeting place (by aggregating blogs and offering original content) where users can share their passion and expand their community.
Ology, headquartered in New York, NY, was originally founded in June 2008 by Beth Haggerty and Vivian Moran. Ology.com ranked number one in growth on ComScore in Mai 2011. Big Live, headquartered in San Francisco, CA, was founded in September 2008 and headed by Jonathan “Jon” Zakin. The “merged” entity is located in New York City and according to the latest public information available is headed by Jon Zakin (President and CEO), Beth Haggerty remains an executive while sitting on the board alongside Gavin M. Cuneo and Casey Cowell (both seed investors in Big Live), Scott Kauffman and Dominic Ianno.