The investment that Simply Hired took from Fox Interactive seems to be paying dividends already. Tonight at 9 pm PST MySpace, a subsidiary of Fox Interactive, will unveil MySpace Careers, a new job site on MySpace powered by Simply Hired. This is interesting news mostly because of the massive traffic that the MySpace home page drives – and the new site has a link on that Myspace home page. No word on the deal terms, although I assume there is a revenue split based on the numerous advertisements MySpace is including on the new site.
Deals like this show the positive impact a corporate investor can have on a startup. Note that competitor Indeed took an investment from the New York Times last year, and they partially power the NYT online jobs search engine.