Company PresentationSherry Wang
What’s in your neighborhood?
• Discover nearby
• Write reviews
• Message friends
History: Starting from 2004
20042015
20132011
20092007
20052006
20082010
20122014
Re-designed
1 million monthly visitors
Profitable for the first time
Wang, Dingding
2004, founded by former Paypal employees: Jeremy Stoppelman, Russel Simmons.
Wang, Dingding
2005,originally unsuccessful email-based referral service changed to online reviews
Wang, Dingding
2006, 1 million monthly visitors
Wang, Dingding
2007 - 2008, getting fundings
Wang, Dingding
2009, expand business in Canada and United Kindom.
Wang, Dingding
Google's negotiation break (offered more than 500 million, but failed after Yahoo offered 1 billion), both offers were abandoned later by Yelp
Financial Information
• Market Capitalization: 3.55 billion
• Stock Price: $47.05
• Revenue: 377.54 million
What’s Hot: Data and Facts
• Monthly Unique Reviewers: 135 million
• Countries/Areas Expanded: 29
Wang, Dingding
29 including United States, has just released a version in Taiwan
Secret Sauce: Quality & Loyalty
• High quality reviews• Flash of other reviews• Rewards to best contributors• No business owner modification
• Off-line parties• Elite Yelpers• Free and fancy• Started since 2005
Wang, Dingding
how to get past "good fries, five stars"
Wang, Dingding
Brief flash of recent high-quality reviewsRewards to best contributors --- hand selectedNo modification from business owners
Story Time
$1 Salary CEO Club:
Wang, Dingding
Jeremy Stoppleman's salary was 300,000 in 2012 (to $1 in 2013)
Wang, Dingding
reduce cost?
Wang, Dingding
Of course, his Yelp share still gives him huge reward
Wang, Dingding
what does 1 dollar mean?
Wang, Dingding
he trust his shares --- the company has huge potential
Wang, Dingding
his welfare comes from company, not salary
Wang, Dingding
Steve Jobes (Apple)
Wang, Dingding
Eric Schmidt (Google)
Wang, Dingding
Terry Semel (Yahoo)
Wang, Dingding
http://tech.qq.com/cover/cover1.htm
My Prediction
• 1. Stable amount of users
• 2. More countries and areas
• 3. More profit models
Wang, Dingding
http://www.pchome.com/content-21944.html