High Quality Content by WIKIPEDIA articles! Yelp, Inc. is a Web 2.0 company that operates a social networking, user review, and local search web site of the same name. Over 31 million people access Yelp's website each month, putting it in the top 150 of U.S. Internet web sites. Yelp was founded by Jeremy Stoppelman and Russel Simmons, both of whom were early software engineering employees at PayPal. After an aborted start as an email recommendation service, Yelp launched its namesake web site...
High Quality Content by WIKIPEDIA articles! Yelp, Inc. is a Web 2.0 company that operates a social networking, user review, and local search web site of the same name. Over 31 million people access Yelp's website each month, putting it in the top 150 of U.S. Internet web sites. Yelp was founded by Jeremy Stoppelman and Russel Simmons, both of whom were early software engineering employees at PayPal. After an aborted start as an email recommendation service, Yelp launched its namesake web site into the San Francisco market in October 2004. 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 $3 million by Benchmark Capital in 2006 by DAG Ventures ($3 million) and a private Investor from Laguna Beach ($5 million) in 2008. Yelp expanded from its San Francisco roots to open an east coast office in Manhattan in the first half of 2008 and by introducing a Canadian-focused version of the site in 2008.
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