Nearly Entire Staff Laid Off at Eons, Says Founder Jeff Taylor

[Updated with additional information, Nov. 18, 2010]–-Boston baby boomer and social networking site Eons, which has raised $32 million in two rounds of financing led by two venture capital giants—General Catalyst Partners and Sequoia Capital—yesterday laid off nearly its entire remaining staff, founder Jeff Taylor said tonight.

Taylor, who previously founded, revealed the layoff news during his keynote talk tonight at a VIP dinner leading up to tomorrow’s MIT Venture Capital Conference. We could not directly follow up with Taylor but will report back as we gather additional details. The fate of Eons itself could not be confirmed.

Eons launched in 2006. Its latest venture round was a $22 million Series B round that closed in March 2007. Since then Eons has struggled to reinvent itself. Originally founded as an Internet portal for the aging Baby Boomer crowd, it had the slogan “Lovin’ Life on the Flip Side of 50.” But after spending a lot of money with little traction, it removed its over-50 age limit early in 2008 as part of a bid to remake itself as a more general social networking site.

Update, November 18, 9:40 pm—

We caught up with Taylor briefly after his talk tonight. He says he laid off seven of the 12 remaining Eons employees, leaving it with just five staffers. He said the intent behind the move was to focus his remaining resources on, an Eons-developed dating site for people over 40 that launched in December 2009.

Trending on Xconomy

By posting a comment, you agree to our terms and conditions.

11 responses to “Nearly Entire Staff Laid Off at Eons, Says Founder Jeff Taylor”

  1. Jim says:

    I finally find a website I can really get into, and you want to abandon it ? Please don’t I’m a member for 3 years now, as well as a Manager and a Moderator.

  2. I hope you don,t close it as I have finally found a site that I love

  3. Been a member since the beginning. Please don’t take away my lifeline.

  4. Warren says:

    They are working with Boston based Progress Partners. Progress Partners thinks they are an investment bank in the tech and media space, but, they are basically just a bunch of self titled managing directors who spew hot hair to any young company that will listen.

    You know that you are in deep trouble when you need to work with these guys as a last resort.

  5. Maltese Colleen says:

    I have finally found a home on the internet. is just perfect.
    So many kind and interesting people and groups.
    Let’s keep the best idea in web socialization
    alive. Don’t kill this baby. It really is the best.

  6. Warren says:

    Sad post Maltese.
    If Progress Partners can’t even pay their own staff on this deal which the VCs begged them to take, how do you expect to keep the site viable.
    Shumway and Thompson are hacks and impotent losers. Move on already.

  7. windnsea says:

    please let us all keep eons going. I haven’t found anything like it. I’ve invested myself in it for three years because I expected it to continue for the present “eon” at least. I’ve made friendships there I’d like to continue through my lifetime and without our virtual neighborhood, it becomes difficult.

  8. Warren says:

    Is it just me or are there way too many people over the age of 60 reading Xconomy…

    The staff at Eons must be doing this to save their asses.

  9. Joanie says:

    I love Eons. It is the first thing I do when I get out of bed, come home from work and is a big part of my weekends. I have established quite a nice group of friends here. I will be so sad if Eons should shut down.

    Warren you seem to have some inside information. Can you please expound more. Is Eons in trouble and on the road to shutting their doors or is this news posting a hoax?

  10. Don says:

    @Warren – Eons is a social networking site, rumors, stories, fly around the site like wildfire. It doesn’t need staff sending Eons folks here.

    Why do I get the feeling that Mr. Warren is one of those laid off Eons staff….