Yelp

  • Yelp Shares Pop Over 60 Percent In In First Day Of Trading; Valued At $1.3 Billion

    Yelp Shares Pop Over 60 Percent In In First Day Of Trading; Valued At $1.3 Billion

    Wow. Reviews site Yelp just saw a huge pop in early trading of its stock on the New York Stock Exchange this morning. Yelp opened at $22 per share, after pricing at $15 last night. Shares, which are listed under the symbol ‘YELP’, are trading up 60 percent from last night’s pricing, putting Yelp’s valuation at over $1.3 billion. UPDATE: Yelp’s stock closed at… Read More

  • Yelp IPO Wants To Raise $107.25M At A $898.1 Million Valuation

    Yelp IPO Wants To Raise $107.25M At A $898.1 Million Valuation

    Tomorrow morning comes the moment  Yelp CEO Jeremy Stoppelman’s been waiting for seven years.  According to the NYT, Yelp will drop on the NYSE under the YELP ticker tomorrow morning. Yelp will be offering 7.15 million shares at $15 dollars a share, wanting to raise about $107.25 million in its IPO. The deal is said to be heavily over subscribed, and I’ve heard that some Yelpers… Read More

  • Yelp Ads Are Not A Rip-Off, You Pay To Seal The Deal

    Yelp Ads Are Not A Rip-Off, You Pay To Seal The Deal

    Yelp built its ad business by attracting users that know what they want, just not who to buy it from — exactly when ads are most effective. That’s why I find today’s VentureBeat piece by Rocky Agrawal titled “Yelp advertising is a rip-off for small advertisers” to be ridiculous. His sources say Yelp charges a $600 CPM, or 1,000-times the standard online CPM… Read More

  • ‘Menu And Hours,’ For When You’re Too Hungry To Scroll Through A Million Yelp Reviews

    ‘Menu And Hours,’ For When You’re Too Hungry To Scroll Through A Million Yelp Reviews

    I’ve heard like a billion people complain about this recently so here goes: When you’re starving you don’t want to read through thousands of Yelp reviews on your phone or download a random PDF from a terrible restaurant website that’s so slow-loading it’s indecipherable. You just want to know where a restaurant is, what it has to eat, and whether or not… Read More

  • Yelp Files For IPO To Raise $100 Million

    Yelp Files For IPO To Raise $100 Million

    Local recommendation site Yelp has finally filed an S-1 to IPO, wanting to raise $100 million. The site generated $58.4 million revenue in the first nine months of 2011, 80% growth over the same period in 2010. They operated at a net loss however, of $7.6 million. Read More

  • Troll Sues Groupon, Yelp Over Mobile Commerce Patent

    Troll Sues Groupon, Yelp Over Mobile Commerce Patent

    Yelp and Groupon are both being sued by a company called Mobile Commerce Framework, an obscure patent troll that earlier filed a similar patent infringement suit against Foursquare. On April 6, 2010, Mobile Commerce Framework (MCF) was issued US Patent No. 7,693,752 by the USPTO, for reasons unknown to mankind. In summary, this patent describes: (After the jump) Read More

  • Class Action Lawsuits Alleging Extortion Over Yelp’s Review System Dismissed

    Class Action Lawsuits Alleging Extortion Over Yelp’s Review System Dismissed

    Last year, several lawsuits emerged that accused Yelp of extorting businesses to advertise in exchange for positive reviews. Yelp has just announced that a judge granted Yelp’s request to dismiss these suits. For background, the lawsuits claimed that after declining a request to purchase advertising on Yelp, a number of positive reviews from businesses’ listings on the reviews… Read More

  • Stoppelman: 75% Of Yelp’s Traffic Comes From Google

    Stoppelman: 75% Of Yelp’s Traffic Comes From Google

    This afternoon the Senate Judiciary Committee held a series of hearings investigating whether Google may be violating Antitrust law. During the first panel of the day, Google Chairman (and former longtime CEO) Eric Schmidt took the hot seat to answer questions focusing largely on the fairness of Google search results, and whether they unfairly favor Google products (you can find our full post… Read More

  • Kevin O'Connor on What Makes a Good Entrepreneur

    (Founder Stories) O’Connor On What Makes A Good Entrepreneur: “Have You Told Your Boss To Shove It?”

    Chris Dixon begins this episode of Founder Stories with DoubleClick and FindTheBest Co-founder Kevin O’Conner by telling O’Connor that “DoubleClick is probably the closest thing New York has to a PayPal.” Meaning the two companies share an aptitude for hiring employees that go on to start innovative businesses.  Just as Paypal spawned Yelp, YouTube, and… Read More

  • With Google, There Will Be Bad Blood

    With Google, There Will Be Bad Blood

    “I have a competition in me. I want no one else to succeed.” I’m reminded of Daniel Plainview’s admission in There Will Be Blood when thinking about Google. While the company is still largely beloved by the public, sentiment seems to have turned against them amongst their peers, and even amongst many of the startups around Silicon Valley. While these tensions have… Read More

  • Closing The Redemption Loop In Local Commerce

    Closing The Redemption Loop In Local Commerce

    When it comes to local commerce, the ultimate prize everyone is going after right now is how to close the redemption loop. The redemption loop starts when a consumer sees an ad or an offer for a local merchant, and is completed when the consumer makes a purchase and that purchase can be tracked back to the offer. If you know who is actually redeeming offers and how much they are spending… Read More

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