Reuters: Gay Social Networking Site Raises Seed Funding | GoodFinancial.info

Reuters: Gay Social Networking Site Raises Seed Funding

Goldberg, the founder and CEO of Fabulis www.fabulis.com, recently raised $625,000 in seed funding in anticipation of launching his new website this spring. Goldberg said he hopes the site, which is still in beta test mode, will become a brand synonymous with gay men and their love of “celebrating life.”

…SAN FRANCISCO (Private Equity Week) - Serial entrepreneur Jason Goldberg has developed a new social networking site aimed at gay men that he called a cross between Facebook and Yelp.

Goldberg, the founder and CEO of Fabulis www.fabulis.com, recently raised $625,000 in seed funding in anticipation of launching his new website this spring. Goldberg said he hopes the site, which is still in beta test mode, will become a brand synonymous with gay men and their love of “celebrating life.”He said Fabulis will provide a place where gay men can go online to discuss and share places and cities to visit and reviews of what to see there, similar to a Yelp. Goldberg added the site will also include a location-sharing component, much like the social networking platforms of Foursquare or Gowalla, and provide Facebook-like connections among friends.A deeper component of a gay man’s lifestyle is that friends of friends become like an extended part of your family, Goldberg said.Goldberg, who previously founded tech…

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Reuters: Gay Social Networking Site Raises Seed Funding

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