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August 8, 2005 10:00 AM PDT

Job site Indeed.com gets $5 million investment

Job-search site Indeed has received $5 million in funding from The New York Times Co., Union Square Ventures and Allen & Company, Indeed said Monday.

Indeed was founded in 2004 by Paul Forster and Rony Kahan, who previously had founded Jobsinthemoney, a leading job site for finance professionals that was acquired in 2003 by Financial News. Indeed searches millions of job listings from more than a thousand Web sites, including job boards, newspapers and professional associations, adding about 110,000 new jobs per day, the company said.

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what happens
by August 8, 2005 11:05 AM PDT
what happens to this business model when the major job search
sites block mass queries from companies like indeed.com?
Reply to this comment
Mature the model
by August 8, 2005 12:06 PM PDT
Can we assume, these days, that an investment of $5mm in a service so seemingly fragile is made on the premise of building something more substantial?
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