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yelp.com


a social networking website for bussinesses
Country: USA
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Contact Person: Jeremy Stoppelman

After an aborted start as an email recommendation service,[3] Yelp launched its namesake web site into the San Francisco market in October 2004[4] under the direction of founders Jeremy Stoppelman and Russel Simmons, both of whom were early software engineering employees at PayPal.[5] The company received $6 million in early funding from venture capital firms Mission Street, led by another former Paypal-er Max Levchin, and Bessemer Venture Partners. Additional investments were made in the amounts of $10 million by Benchmark Capital in 2006[6] and $15 million by DAG Ventures in 2008.[7] Yelp expanded from its San Francisco roots to open an east coast office in Manhattan[8] in the first half of 2008 and by introducing a Canadian-focused version of the site in 2008.[9] Yelp currently gets about as many pageviews as it its predecessor and closest rival, Citysearch, but is growing much faster. [10] Profitability is expected in 2009.[1]


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