Social Networking Site Minglebox Receives $7 Million In Funding Fron Sequoia Capital

Indian social networking site Minglebox has received $7 million in funding from Sequoia Capital India. Minglebox was started by three IIT Delhi alumni - Kavita Iyer, Sanjay Aggarwal and Sushma Abburi, who have previously worked in companies like Yahoo, i2, ICICI, Wipro, HLL and Infosys. R.Ramaraj, ex-CEO and co-founder of Sify has joined the board of Minglebox.

The company has apparently adopted a different approach to populating its social network - they’ve focused on creating communities for colleges and trying to emulate a college hangout online, which is one of the things people use Orkut (yeah, we keep going back to Orkut, don’t we?) for.

Minglebox has a bunch of other usual stuff: blogs, photos and videos. Most videos are from YouTube, and there is (again) some copyrighted Bollywood content embedded from YouTube...I wonder who’s liable in this case - the user who uploads; YouTube, which publishes and facilitates sharing; or Minglebox, where the video is embedded...that’s a problem that many social networks with video content are facing today.

Hyperactive Mike Moritz

Moritz, the most prominent partner at Silicon Valley's leading venture capital firm, made at least ten investments last year, according to Venture Capital Journal.

The Sequoia Capital VC, who might have been expected to rest on his laurels after the stratospheric return on his Google investment, put at least $230m to work, the Thomson Financial database shows. Why? Moritz, unlike John Doerr of Kleiner Perkins, doesn't seem inclined to save the world just yet. If the investor, a former journalist, is to establish himself as a Valley legend, he'll need a follow-up after the grand slams of Yahoo and Google.

But there could be a simpler explanation for Moritz's hyperactivity: most investors struggle to win the approval of fellow partners; Moritz's belief in Larry Page and Sergey Brin's search engine provided so much of the firm's recent returns that no other Sequoia partner dares question his investment ideas.