socialmedian: Jason Goldberg Sells SocialMedian For $4 Million

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Jason Goldberg Sells SocialMedian For $4 Million

Submitted by Louisgray from Google Reader

Dec 19, 2008

Summary

Former Jobster CEO Jason Goldberg sold SocialMedian, the social news startup he founded last year, to German social network Xing for $4 million and a earnout worth as much as $3.5 million.

In March, SocialMedian announced a seed round from the Washington Post's interactive division.

TechCrunch reported the deal first, we're told. We saw it on PaidContent, which has details:

Goldberg will be moving to Hamburg, Germany, and join Xing in the newly created position of VP of Applications Platform. Xing is a lot like LinkedIn, and has been hugely ambitious in its expansion over the last year or so, and will likely use Socialmedian to help expand its professional services for users. This also helps it guard against LinkedIn and Facebook's own international expansion.

Comments (4)

Hutch,

Dec 19, 2008

"Former Jobster CEO Jason Goldberg sold SocialMedian, the social news startup he founded last year, to German social network Xing for $4 million and a earnout worth as much as $3.5 million."

Earlwallace,

Dec 20, 2008

Jason, congrats on a sweet deal. Its always good to see someone better themselves using good ole American capitalism. It appeared that you really put your heart and soul into Socialmedian by evidence of your many posts. The downside is that its going to lose alot; your presence everywhere on the sight. We all get burned out after an intense venture wears on one. Again may you continue to prosper for you sure deserve the fruits of all your hard labor and dedication.

Earlwallace

Simonlloyd,

Dec 20, 2008

Hi,

if you chaps want to monitize Xing - see www.getmobster.com - using MoiP and offering cheap mobile calling to business users. Dial tone on your mobile is a world first.

Technosoma,

Dec 21, 2008

Great news! I am glad Jason's excellent work stands paid. In a Business World propelled just on profit motive, Jason's work must serve as an example for others to follow that entrepreneural creativity offers more than monetary profit. In the long run, we can bank upon internet related technologies for finding solutions of un-/under-employment problems. Perhaps 'relationship economy' will continue offering boder-less and unlimitied opportunities for those who can sieze these.