How an entrepreneur's failure led to the success of

03/1/2013 | Inc. magazine

Jobster, the first company that Jason Goldberg launched, raised millions of dollars but eventually proved to be a failure. The knowledge he gained during that experience served him well when a subsequent venture, conceived as a social network for the gay community, failed to gain traction. Goldberg pivoted the company to create the flash-sale site, which generated more than $100 million in sales last year.

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