Slack is a tool that helps teams communicate. The company has raised $42.75 million with a valuation of $250 million. Investors in this round include The Social + Capital Partnership, Accel Partners, Andreessen Horowitz, Yelp CEO Jeremy Stoppelman, Anthony Caselena of Squarespace, John Collison of Stripe, Patrick Collison of Stripe, and Om Malik of GigaOM. Slack currently hits around 60,000 daily users and 15,000 paid seats.
Jeremy Stoppelman Posts
According to TechCrunch, Airbnb, has closed on a $500 million round of funding led by private equity firm TPG with a $10 billion valuation. Airbnb is a fast growing website that lets users rent out their properties to make some extra cash and allow travelers to save some money. Airbnb has raised a total of $826 million. It is believed that Allen & Co. helped put together this round for Airbnb.
Confide is an off-the-record messaging app that was created for professionals. Confide has raised $1.9 million in seed funding led by WGI Group with participation from Google Ventures, First Round Capital, SV Angel, Lerer Ventures, CrunchFund, Lakestar, Marker, BoxGroup, Jeremy Stoppelman, Doug Ellin, and Billy Bush. WGI partner Michael Walrath is joining the Confide board of directors.
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Minted is an online marketplace for independent design and art that has raised $41 million in Series C funding led by Technology Crossover Ventures. Allen & Company and existing investor Benchmark Capital also participated in this round. Eventbrite co-founders Kevin and Julia Hartz also participated in this round. Marissa Mayer and Jeremy Stoppelman are amongst other Minted angel investors. Woody Marshall of Technology Crossover is joining the board of directors.
ZenPayroll is a cloud-based payroll service for businesses that want to pay employees through a mobile device. ZenPayroll has raised $6.1 million in seed funding from investors like Aaron Levin (Box founder), David Sacks (Yammer founder), Drew Houston (Dropbox founder), Jawed Karim (YouTube co-founder), Jeremy Stoppelman (Yelp founder), Kris Duggan (Badgeville co-founder), and Larry Augustin (SugarCRM CEO). Other investors that participated in this round include Google Ventures, Salesforce.com, Y Combinator, Sherpalo Ventures, and several others.
Yelp CEO Jeremy Stoppelman talked at Business Insider’s IGNITION about how they handle fake reviews. The company has a review filter that tracks signals that are coming in. Yelp decides from there which reviews that they want to show. Some businesses even put ads on Craigslist to purchase positive reviews on Yelp.
A couple of years ago, late Apple co-founder and CEO Steve Jobs called Yelp CEO Jeremy Stoppelman and told him not to sell his company to Google. At the time Google was considering buying Yelp, they were valued at over half a billion dollars.