Seed money…

July 18, 2005

Most entrepreneurs hit up friends and relatives and then max out their credit cards as they seek to finance the next big thing. But Monster Worldwide’s (MNST) founder Jeffrey Taylor isn’t likely to go that route with his new venture, Eons.

In addition to collecting a salary of nearly $13K a month from Monster for the next 18 months, he’ll also collect nearly $14K a month in consulting fees for the same amount of time, according to an 8-K filed late Friday. In addition, millions worth of options will become immediately exercisable on Aug. 1 and Monster is also pumping in $300K of cash. It’s not clear from other filings (or even a search) as to what exactly Eons does. But it’s clearly better financed than most start-ups are.

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