Lessons learned from Jobster, Jason Goldberg’s Fab.com lands $105M

Fab.com founder Jason Goldberg

I’ve always been intrigued with Jason Goldberg’s entrepreneurial path, in part because the former T-Mobile manager and White House aide in the Clinton administration made a lasting dent on Seattle’s startup community with Jobster. The online recruiting upstart churned out a ton of startup talent (Urbanspoon, RescueTime, Bacon Salt, etc.) in Seattle — after burning through $48 million in cash.

Now, Goldberg has more than double that money to play with at his latest company. Fab.com, an online shopping site, just nailed down $105 million in a third round of funding from Andreessen Horowitz, Menlo Ventures, First Round Capital, Docomo Capital, Mayfield Fund and Atomico, the venture fund of Skype co-founder Niklas Zennström.

Goldberg was interview last year by Kevin Rose of Digg, and asked what he learned from the failure of Jobster. And while he said it was a good idea before its time, the entrepreneur also noted that he learned a lot of lessons as a first-time entrepreneur.

“I made every mistake in the book,” said Goldberg. “I … basically got educated on that $48 million on how to start companies.”

Fab.com’s latest venture investors are certainly hoping those lessons pay off this time. And Goldberg himself says he takes the new cash with a big dose of reality.

“As we raise this enormous amount of money, we do it humbly. We’re just lucky and fortunate to be able to get up each day and do what we love and help people smile and laugh through design. It’s an amazing opportunity and a ton of responsibility that we take very seriously,” he writes in a blog post.

Previously on GeekWireJason Goldberg reflects on the ups and downs at Jobster and why it missed becoming LinkedIn