Glassdoor has added another $6.5 Million to its war chest, thanks to a Series B funding round led by Sutter Hill Ventures. Jim White, managing director of the venture firm will assume a seat on the company’s board of directors.
Initial seed funding for Glassdoor was provided in 2007 by its co-founders Hohman, Tim Besse and Richard Barton. The startup remained in stealth mode before picking up $3 Million in Series A funding from Benchmark Capital last March (they’ve also participated in this round), and ultimately launched in the beginning of June.
Glassdoor enables anyone to find and share real-time reviews, ratings and salary details about specific jobs for specific employers, free of charge and anonymously. A quick glance at the traffic stats shows that the site had a dip after the momentum of its public launch, but is now headed in the right direction. Glassdoor claims it has received 115,000 contributions for 14,000 companies across a wide section of global industries to date. CEO Robert Hohman told the NY Times that many of the site’s visitors are starting their travels at other online job boards and end up at Glassdoor.com to look for ratings and reviews before making a decision.
With the economy in a downturn, man who have been laid off in the past few weeks might want to take the time to join the Glassdoor community in search for the right new employer.
I think this is best news for glassdoor users.Glassdoor is playing biggest role in community market.
India IT Blogger
http://www.iboozi.com
Did someone say “recession” ? Financial Implosion? Time to hit the wall ? Duck for cover ? Sack everyone ?
Oh hang on – that’s not right.
I’d better go back and crank up the old printing press again, and start printing money. Seems Im not the only one …
Should I feel guilty after having a great idea based only on reviewing this site. Not sure this site pertains to rural Americans or those in the South. *yeah, I capped the South.
Kind of nice to see what everyone is making but…I would like to know what the satisfaction ratings are based on? If some guy is making 130 and a rating of 2.6 that is a little strange.
How accurate are these numbers?
Wow — I’ve seen a bunch of these sites over the last several years and this one actually shows you the info you want — a nice table of jobs and salaries. Will definitely remember to use this one.
Wow. 9.5 million for glassdoor so far. The VCs are never going to get the return they want on this investment. Not even close.
Seems like they are filtering reviews. I just went to the site to see if any more reviews had been posted on the company I just to work for, and found out my review had been deleted.
Looking over Glassdoor’s site, I can’t help but ask, “What do they do for an encore?”
The concept is somewhat interesting – it works on the curiosity factor. But, in old web app parlance, what makes the site sticky? What segment of the user community is going to come back to this site more than once or twice? Once someone checks out a few companies, unless they’re doing an active jobsearch what brings them back?
Thus this seems initially like a niche play that can get a quick initial run up on traffic, but would rapidly plateau. That leaves the Glassdoor folks needing to come up with something compelling to keep those users coming back.
Or do they cut to the chase and do a deal with LinkedIn?
Read my interview of Tim Besse, co-founder and VP of product and marketing: http://blog.sea...co-founder.html