Mayfield Fund's Allen Morgan founding shareholder in Social Median (Tech Confidential

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Mayfield Fund's Allen Morgan founding shareholder in Social Median

[Posted on March 26, 2008 - 9:23 AM]

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Jobster Inc. founder Jason Goldberg confirmed details of the seed round he is currently raising for his semistealth mode startup Social Median. While working in Pune, India, with a team of eight developers, Goldberg answered my questions by e-mail early Wednesday, confirming that the social news service he founded in January when he stepped down as CEO of Jobster (he remains on its board as vice chairman) has raised a seed round of less than $1 million. Investors include angels as well as the Washington Post Co.'s [WPO] Washingtonpost.Newsweek Interactive.

Goldberg also confirmed that Mayfield Fund managing director Allen Morgan has joined him as an active adviser and is a founding shareholder in the company. Morgan is also an investor in Jobster.

The round is still open, and Goldberg expects to close more investors in the next couple of months, saying that it will not exceed more than $1 million. Meantime, he has begun opening up the testing process for the site, which he considers still in alpha mode. - Mary Kathleen Flynn

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