The Ledger
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Jeremy Stoppelman says Yelp filters out 25% of submitted reviews on average
“Yelp has a mechanism where 25% on average of reviews are not shown on the businesses page, and we are by far the most aggressive of any review site out there.”
Max Levchin invested $1M for 40% equity to start Yelp
“So Max committed the million dollars. He got a large chunk of equity. I think it was 40%.”
Levchin held 11% of Yelp at IPO and significantly more initially
“By the time of the IPO, yes, but in the moment it was much more since there was really nothing.”
Yelp furloughed 1,000 employees during early COVID, later rehiring up to 80%
“And so it ended up being a thousand people. That we put on furlough. And we said at the outset, Hey, this, we think our best guess is, is we think this is four months. And fortunately that guess proved to be accurate. And at the end of the four months, we were…”