Interesting: Seattle-based Jobster’s co-founder and former CEO, Jason Goldberg, has sold his new startup, Socialmedian, to Hamburg, Germany-based Xing for about $7.5 million. Socialmedian is a New York-based news-filtering service that works well with social sites like Xing, which is focused on professional networking. Goldberg, who left Jobster a year ago, will be moving to Germany as vice president of Xing’s applications platform division.
Social Median has a lot of similar features to NewsCloud but focuses more on news filtering ... IMHO, it has a very confusing user interface. It was largely built by outsourced offshore engineers, as far as I can tell. They have fifteen founders listed, whereas NewsCloud.com has had just one developer the past several years (which reminds me).
Interactive and personal investments from Goldberg and leading
angel investors such as Allen Morgan (Mayfield fund), Reed
Hundt (fmr. FCC Chairman), Gordon Crovitz (fmr. WSJ
Publisher), Julius Genachowski (LaunchBox Digital), and Johnny
Taylor (CEO of IAC's Rushmore Drive). Morgan, Genachowski,
Crovitz, and Don Baer (Burson-Marsteller, fmr. Discover
Communications Executive) also serve as active advisors to the
socialmedian has offices in New York, NY and Pune, India.