socialmedian: Angels flock to Socialmedian (Tech Confidential

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Angels flock to Socialmedian (Tech Confidential - Behind The Money Blog)

Submitted by Jasongoldberg

Jul 10, 2008

Summary

We hear that semi-stealth startup Socialmedian has picked up a few more high-profile angel investors.

The social news service founded by Jason Goldberg in January when he stepped down as CEO of Jobster Inc. is currently raising a seed round of less than $1 million. New backers include L. Gordon Crovitz, who in January stepped down as publisher of The Wall Street Journal, executive vice president of Dow Jones and president of its consumer media group. These days Crovitz writes the Journal's Information Age column.

Also new to the Socialmedian fold are former Federal Communications Commission chairman Reed Hundt and Julius Genachowski, the co-founder of LaunchBox Digital who previously worked as a member of Barry Diller's offfice of the chairman at IAC/InterActiveCorp as well as at the FCC. Other investors in Socialmedian include the Washington Post Co.'s [WPO] Washingtonpost.Newsweek Interactive and Mayfield Fund managing director Allen Morgan, who serves as active adviser and founding shareholder in the company. Morgan is also an investor in Jobster. And Goldberg remains on its board as vice chairman. Read the full article

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