Break outs so important

Some people think that break outs from companies - people with cash from options/shares and the experience of working in a start-up - are not important.Guess this post on TechCrunch says it all - Yelp is “another company founded in 2004 by two former PayPal employees…..”.Guess we need to include some history of the founders - adding in both cash and experience of a start-up to show how the initial valuation is increased to reduce dilution in the first round - in the business plan resource.

Yelp

 

Yelp image

Website: yelp.com
Location: San Francisco, California, United States
Founded: July 1, 2004
Funding: $56M

Another company founded in 2004 by two former PayPal employees, Yelp is a local reviews website covering almost 40 states. Yelp also launched in the UK in January 2009. Users write and read reviews about… Learn More

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