Bryan Goldberg is on fire. He sold sports media company Bleacher Report to Turner Media last year for over $200 million. Now he is starting a new company called Bustle. Bustle has raised $6.5 million in seed and Series A funding. Investors that participated in this round include Social + Capital Partnership, Time Warner Investments, Google Ventures, 500 Startups, Rothenberg Ventures, and several angel investors.
Ted Maidenberg (Social + Capital Partnership) and Allison Goldberg (Time Warner Investments) has joined the board of directors at Bustle.
Bustle will have a similar business model as Bleacher Report, but it will be focused on entertainment and fashion. Most of the writers will be female. And a lot of the staff will be paid, unlike the initial contributors at Bleacher Report.
Goldberg pointed out that the largest brand in this space is Vogue and they receive only 1 million monthly unique visitors. “That’s not just bad, that’s pathetic,” stated Goldberg in an interview with BusinessInsider.