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It was announced today that Jobster raised another $7M in VC funding from existing investors including Ignition Partners, Mayfield Fund, Reed Elsevier Ventures, and Trinity Ventures. The funding brings the total amount of venture capital invested in the company to a whopping $55M, $18M of which was raised in 2006. No information was released about valuation, but I have to imagine that it was either a flat round or maybe even a down round. Either way, the company has extended its runway and bough… Continue

Nick Corcodilos, in his column Ask The Headhunter, went off on a tirade in his post today, ripping job seekers who believe themselves to be too cool to work for sleepy companies that ‘don’t get it’ - it being new technology, social media, the web, etc. It’s a pretty legitimate rant and well worth the read for jobseekers and employers alike.… Continue

Edgeio announced late last week that it was ceasing operations and looking to liquidate its assets. The company, which had recently raised $6M in capital ($3M of which came from Intel), tried to build a business by aggregating classified listings from all over the web. In explaining the reasons why the business was unsuccessful, CEO Keith Teare stated, “I would say it came down to lack of vision on the part of investors to see the platform as part of the future.” The arrogance and absurdity of T… Continue

Over the past year or so in writing this blog, I’ve tried not to promote our company too heavily, focusing instead on the industry we’re in, the market(s) we serve, the competitors we face, and the evolution of products and services that help connect job seekers and employers. I realize that highlighting the demise of daily newspapers, for example, is still self-ser…

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In his blog Dilbert.Blog, Scott Adams offers his predictions about the future of the daily newspapers. As is the case with a lot of what Adams blogs about, his comments are thoughtful and interesting. I especially agree with him that the future of newspapers will entail a greatly expanded relationship with local bloggers who provide a wide range of content for syndication in the daily ne…

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