Jobster Burns Through $45 Million in Three Years
Tags: Internet, Jobster, Web 2.0
Jobster, the Web 2.0 job site has burned through $45 million since it raised from 2005, a burn rate about $1 million a month. The site, lost about $11 million in 2007, and has less than $3 million in bank, now facing the financial difficulty in operating the business, as reported by ere.net. Its ex-CEO Jason Goldberg has also left the company and starting up a new site called Social|Median, as the product still in early alpha stage.
June 6th, 2008 at 12:05 pm
[...] some favorably response as the founder of this site Jason Goldberg who is also the founder of Jobster. For the inquisitive, they may request an alpha access to it before this site goes fully launch in [...]