According to Silicon Alley Insider, The Washington Post Company has invested in ex-Jobster CEO Jason Goldberg's new startup, Social|Median.
I regularly get asked by Jobster alumni if I think that their shares in Jobster will be worth everything once the music stops for that company. I always tell them that I don't know.
The old Jobster spent a lot of money and had phenomenal PR - I have never seen a company in this space garner so much attention in such a short time. But once the hype passed, some of the customers realized that they were not as thrilled with the products as they thought they would be.
The new Jobster -- along with Goldberg himself -- seems to have discovered cost-control religion, which is a huge positive. I've heard nothing but good things about Jeff Seely, the new CEO. I have not yet heard any new product announcements or major changes, but I assume that they are on the way.
Moving forward, both Jobster and Social|Median will need to create a lot of value for their users and customers if they want to make money for their investors.
