Friday, December 29, 2006

Get me a Beer. Paris Hilton. 1st Class Tickets. And $48M in Venture Capital.


bondi bffs
Originally uploaded by benbarren.
Paris certainly isn't short of money to make and brands to extend; Jack Singleton or so the advertorial press conference on the news went (along with a client somewhere ?) is funding the 1st class travel yayo and accomodation "for two" and many hundreds of appearance thousand$ I'd guess to launch this Bondi Blonde babe beer thing or whatever it's called : The PR has been good, but havent seen the beer mentioned much which is a pity for the sponsor. (all in good time i'm sure)

Anyway my point was Jobster, the rapidly growing and spending ($48M in VC) vertical HR employer viral recruiting email focused player who also has the workzoo meta-job search tool, is trying to make trendy again "Pathway to Profit" - less people equals more profit says the PR "spokesperson". Reminds me of that old dot bomb joke that the quickest way to breakeven was to spend nothing and generate no revenue. Presto, breakeven.

Gigaom : "The Jobster spokesperson was quick to point out that Jobster’s revenues doubled in 2006, and were up 30% in the fourth quarter of 2006 from the third quarter of 2006. In a previous interview with Katie earlier this summer1, CEO and founder Jason Goldberg told us that the company’s annual revenues were well north of $20 million, and that the company would be profitable in 2007." (Maybe there is some Investor Linkedin quarter billion valuation envy.)