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Update: Moontoast's cap round closes, CEO named
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Stephen Collins

UPDATED and corrected 3:20 p.m. :

Moontoast LLC, the online knowledge network, has completed a seed-round capital raise and named an acting chief executive.

According to an SEC filing this week, the round netted Moontoast $780,000. Moontoast previously said it has attracted investment by Country superstars Vince Gill and Wynonna Judd, among others.

Moontoast also recently announced the appointment of entrepreneur Stephen Collins as the company's acting chief executive.

As reported a week ago by VNC, Collins has also recently helped capitalize Airplay Direct LLC, which has been described as an 'electronic FedEx' for delivering music and e-media kits to radio stations.

Collins is a former officer of New York City-based Doubleclick, and former CEO of Brentwood-based Juris Inc., which was sold to Lexis/Nexis. Lexis/Nexis has since relocated most Juris jobs out of state.

Moontoast's SEC filing made no mention of Collins, but included reference to Founder and President Joe Glaser and Chief Technology Officer Marcus Whitney (at right), who is also founder-owner of Remarkable Wit, a software and services firm Whitney founded to support tech startups.

William Baxter is named as a Moontoast director in the SEC filing.  Updated 3:20 p.m. - Collins reminded VNC this afternoon our our earlier report of Bucky Baxter's involvement in the firm. VNC regrets the earlier erroneous reference to another Bill Baxter.  A reliable source close to Whitney told VNC this afternoon that some Remarkable Wit staff remain with that firm and that Remarkable Wit has a new chief. VNC has thus far been unable to learn who that person is, or other details of changes within the company.

The SEC filing on the seed round also indicated that the offering's first sale was made about 11 months ago, and that the smallest individual investment accepted was $15,000. ♦ 

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Tags: Airplay Direct, angel investors, entertainment, Internet, Joe Glaser, Marcus Whitney, media, Moontoast, Remarkable Wit, SEC, see capital, startups, Stephen Collins, venture capital, Vince Gill, William Baxter, Wynonna Judd

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