Jason Goldberg of Jobster Exits Stage Left
If you haven't heard Jason Goldberg is leaving Jobster as the CEO and being replaced by Jeff Seely formerly of Sharebuilder of which he sold to ING. For his last act Jason once again over promised and under delivered. "Jobster had originally targeted profitability for late this year or early next year, though Goldberg said today that those goals will not be met." .
So will Mr Seely be able to save Jobster and make it a profitable company is the new and improved question of the day. He has very hard road ahead him to make Jobster a new company and to overcome the dark cloud that Jason Goldberg has left behind including a huge layoff, missing earnings and changing a company model each and every week. Personally I think it took to long to replace Jason and I would have thought he would have been replaced long ago by the investors in that his decision making and strategic vision didn’t help the company at all. However you do have to hand it to him as he managed to raise 46 million dollars for an internet company that could have been built for a maximum of 5 million.
What to expect next. According to the report Seely didn't know if Jobster would strive for profitability in 2008, saying "building a business with a two year time horizon doesn't mean you need to be profitable in the near term." "All companies go through pain cycles like that," he said. "And even though that was less than a year ago, I found that the energy level, the spirit and the intelligence level of the team members I met all got very, very high marks." Seely -- who said the company has adapted to the new environment -- sees opportunities to grow Jobster's revenue 10 times or 20 times current levels.
I welcome Mr Seely to the recruiting space and wish him all the best at Jobster. Stay tuned.