mike | Shared With: Everyone - Feb 27 2008 | startups, vc, yelp, search, local
Yelp is a great site - I've recently been using it to find great spots to grab a weekend breakfast. They have raised a total of $31M. Wow - that's a BIG NUMBER. And one wonders - WHY? Certainly the technology development and data center costs can build the equivalent site for far less.
An even bigger number - their purported $200M valuation. That's $25 per monthly unique. That's BUBBLE territory, in my book.
Revenues are claimed at "sub $10M". My (generous) guess - they're getting 20M monthly page views at $4 CPM -> that's less than $1M per year. It doesn't make sense to me they can be making anywhere near $10M.
Quoted: Yelp, the popular local review site, will soon announce a new $15 million dollar round of financing led by DAG Ventures. The valuation ...
Related Content from Around Faves
search
-
Caffeine is down now - I'd love to try it out.
1 FaverViewed: 2 TimesQuoted: You may think Google is the fastest search engine around, but that doesn't mean the company doesn't want to improve.
- mike - May 31 20092 FaversViewed: 3 Times
- themaze333 - Aug 21 20063 FaversViewed: 31 Times
local
-
1 FaverViewed: 4 TimesQuoted: Since 1884, the Camera Club of New York has been the place where people come to learn photography and enhance their careers. We're by far the best deal in New York for black-and-white darkrooms...
- derek - Jan 13 20091 FaverViewed: 9 Times
- doug - Aug 06 20081 FaverViewed: 3 Times
