Doostang is in a very crowded industry. It is filled job-oriented sites like TheLadders, a job board for six-figure salaries and up, and more specialized job boards on multitudes of niche-oriented Web sites. Also, sites like LinkedIn are gaining currency among highly networked people – who ask their friends to give them suggestions about specific job openings.
Partners at Shasta Ventures, a Silicon Valley venture firm, say they think there’s still too much clutter at these other sites, and that Doostang aims to be the most selective. Doostang, as we’ve reported, is invite-only, and boasts that it started at Harvard, MIT and Stanford (thus borrowing from the playbook of Facebook, the site that became popular among colleges after it launched at Harvard).
The challenge with this, in our view, is that the most selective candidates will always have an easier time finding jobs through their own networks, and LinkedIn, Facebook, or the proverbial “grapevine.”
The round includes other undisclosed investors. Techcrunch has also covered the news.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more