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So he founded … wait … CitySearch. Some IdeaLab successes / brand names aside from Overture & CitySearch? I brought up the fact that I find many larger companies abusing the patent system to slow down smaller competitors which is actually anti competitive. Yes, long before Yelp or any similar service.
Competitive (Athlete: skier & rowed at Princeton, hates losing at everything she does). Operating experience (Helped run parts of CitySearch & UrbanSpoon, tons of product management experience, Board of Hatch Labs which helped spawn Tinder). Investment experience (5 years a VC at Battery Ventures).
leadership, mentorship, competitiveness, communications, relationship-building?—?and She took an operating role helping run Citysearch and Urbanspoon. As with all promotions, the reality is that Kara was already acting as a senior leader at our firm and also in the industry at large. She had all of the skills and traits we sought?—?leadership,
In the same year they won Business Insider’s Startup competition. They decided early to only book very high quality vendors so they build a system that could pull in Yelp & CitySearch reviews and they set the standard that it had to be highly rated. I was standing with him when he won the TechCrunch 50 award. Nice sweep!
He listed all of the product releases that were up coming, the customers that were in the pipeline and where he saw his competition moving. When you account for competition for talent, the difficulty of retention, the cost of living and the difficulty of rising above the noise – there are many advantages of staying put.
It’s hard to get people to take a risk at a startup or for a reasonable salary with all this competition. Each of these companies exited for more than $500 million and several north of $1 billion. I talked to one startup CEO who told me, “you have young engineers who want to make $200,000 or more to work for me.
CitySearch, now a part of IAC, established the category of local online community directories. The structure of Idealab has allowed us to test many ideas at once and turn the best of them into companies, attracting the human and financial capital necessary to bring them to market.
billion to Yahoo, we did CitySearch, we invested in the largest travel site in Europe, called LastMinute.com, and also CyberSource--a number of very early stage, Internet companies. My competition is not Rustic Canyon, it's not Clearstone, or the other venture firms in town. We invested in Overture, which was sold for $1.2
A convergence is happening, and it's thoroughly complementary rather than being competitive. I came back to the states for Ticketmaster Citysearch, and I had actually been looking to go back to Canada as my son was at school at University. Wi-Fi is now a lot more like cellular network technology, rather than a separate network.
The city has, however, quietly been home to some of the most successful online companies to date, including CitySearch (sold to Ticketmaster for $260 million in 1998), Overture (acquired by Yahoo for $2 billion in 2003), eHarmony and LowerMyBills (bought by Experian for $330 million in 2005). before which is second-time entrepreneurs.
Our biggest returns were outside Silicon Valley: Overture (LA), CitySearch (LA), BillMeLater (Baltimore), Ulta (Chicago), Envestnet (Chicago), HDI (Las Vegas), PF Changs (Arizona), TrueCar (LA). The only way to get VCs to move is to make sure subtly that they feel a deal is or may become competitive. ” We went the opposite way.
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