Elevation Buys into Yelp

Bono and Yelp CEO Jeremy Stoppelman As widely reported last week, Yelp has confirmed that it will receive a $25 million investment from Elevation Partners, which is widely known for the involvement of U2 frontman Bono among its seven partners. Elevation, which manages $1.9 billion, will also seek to increase its total investment to $100 million via stock … Read more

AlikeList, a New Local/Social Platform, Raises $5 million and Launches

This has been the year for new sites that combine service directories and social features such as ratings and reviews. Earlier this year, we’ve seen sites such as RedBeacon, HelpHive, and others launch. Depending on definitions, earlier entrants include Citysearch, Yelp.com, Tree.com’s DoneRight, FixR , LocalPrice, InsiderPages and Centerd. Behind their fancy Web 2.0 veneers, they are … Read more

Facebook Ends Regional Classifications

Facebook has ended the classification of its members into regional networks (i.e. “Peter Krasilovsky, San Diego”). It cited the practice as being invasive to people’s privacy and obsolete besides, given its behind-the-scene geo-targeting and demo-targeting capabilities. In an open letter to Facebook’s “350 million+ members,” Founder Mark Zuckerberg noted that it is time to move beyond the “network” … Read more

JD Power Roundtable: Social Media is Key for Ford

All accounts from last week’s JD Power’s Automotive Roundtable in Las Vegas suggest that Ford Group VP Jim Farley laid out a really compelling picture of how a major manufacturer looks at its opportunities in digital, and especially, social media. Alex Snyder, in Dealer Refresh, quotes Farley as saying that TV gets 50 percent of its budget; Digital … Read more

Inman SF Connect: Yelp COO Geoff Donaker

Yelp COO Geoff Donaker, subbing at the last minute for a “very ill” CEO Jerremy Stoppelman, told an Inman SF Connect audience that Yelp’s base of 24 million + unique “Yelpers,” seven million reviews and “thousands” of advertisers represents a rich opportunity for any vertical small business – including realtors. Although Yelp takes a horizontal “lifestyle” approach to … Read more

CityGrid Media Will Provide Free Rep Management Profiles; Acquires BuzzLabs

CityGrid Media will soon provide its advertisers with free reputation management reports as the result of its acquisition today of BuzzLabs, a six person Seattle-based rep management firm it had previously made a small, strategic investment in. The amount of the acquisition was not disclosed. BuzzLabs, a 16 month old company that we first covered in February, has … Read more

Living Social Goes Local with Coupon Offers

Living Social, the Facebook breakout that includes Virtual Bookshelf and eight other verticals (music, movies, video games, television shows, restaurants, beer, slopes, iPhone apps), has gone local, hiring a sales rep in both New York and Washington D.C to sell special “Living Social Deals.” Additional large cities are envisioned in the near future. The coupon offers are limited to … Read more

Yelp, OpenTable Team Up; ‘Reservations Without Registering’

OpenTable has affiliate relationships with hundreds of sites, which receive a percentage of OpenTable’s reservation fees in exchange for the link. Diners are treated as regular OpenTable customers. They register and are entered into a Guest Directory, where they are eligible for dining credits etc. Now, OpenTable has opened its network a bit, allowing registered Yelp users to … Read more