Jobster with $19.5 million round

Filed in archive Venture Capital on September 4, 2005

Wow Jobster pulls off a big Series B:

"Jobster Chief Executive Jason Goldberg pitched his online job recruiting service to more than half a dozen venture capital firms over the past month.

All of them walked away wanting to invest in the Seattle startup, he said.

The interest recently led to Jobster attracting $19.5 million in venture capital, a significant boost that will help the 20-month-old company develop new services for job seekers and increase sales efforts to corporate recruiters.

Goldberg, a 33-year-old former T-Mobile manager and aide to former President clinton, said he entertained multiple offers before choosing the Mayfield Fund of Silicon Valley to lead the company's second round of financing.

Ignition Partners and Trinity Ventures -- existing investors that pumped $8 million into the company in January -- also participated."

I haven't understood why Jobster is worth so much money and what is the secret sauce. Sure targeting not active job seekers is valuable but who has ever heard of Jobster? Landed.fm has a podcast with Jason Goldberg who explains what is so special.