Jeremy Stoppelman (born November 10, 1977) is an American business
executive. He is the CEO of Yelp, which he co-founded in 2004.
Stoppelman obtained a bachelor's degree in computer engineering from
University of Illinois at Urbana–Champaign
University of Illinois at Urbana–Champaign in 1999. After a
short time working for @Home Network, he worked at
X.com and later
became the VP of Engineering after the company was renamed PayPal.
PayPal to attend Harvard Business School. During a
summer internship at MRL Ventures, he and others came up with the idea
Yelp Inc. He turned down an acquisition offer by
Google and took
the company public in 2012.
1 Early life
3 Management style
6 External links
Stoppelman was born in
Arlington, Virginia in 1977. His mother,
Lynn, was an English teacher, and his father, John, was a securities
lawyer. Stoppelman is Jewish. He attended a Reform temple as a
child and had a Bar Mitzvah. As a child Stoppelman had an interest
in computers and business and began investing in stocks at the
age of 14. Stoppelman aspired to be a video game developer and
took computer programming classes, where he learned the Turbo Pascal
software programming system. He attended the University of
Illinois at Urbana-Champaign and obtained a bachelor's degree in
computer engineering in 1999. After graduating he took a job with
After four months of working for @Home Network, Stoppelman accepted a
position as an engineer at X.com, which later became PayPal. It was
here that Stoppelman met businessman Max Levchin, who later became an
investor in Stoppelman's company,
Yelp Inc. Stoppelman became
the V.P. of engineering at PayPal, and is one of a group of
PayPal's early employees sometimes referred to as the PayPal
Stoppelman left PayPal, after it was acquired by eBay in 2003 and
Harvard Business School
Harvard Business School for one year. During
Stoppelman's school break Levchin persuaded Stoppelman to do an
internship at the business incubator, MRL ventures.
In the summer of 2004,
Jeremy Stoppelman got the flu and had a
hard time finding recommendations for a local doctor. He and former
PayPal colleague, Russel Simmons, who was also working at MRL
Ventures, began brainstorming on how to create an online community
where users could share recommendations for local services.
Stoppelman and Simmons pitched the idea to Levchin who provided $1
million in initial funding. Under Stoppelman's leadership,
Yelp grew to a market capitalization of $4 billion and hosted 138
million user reviews.
Steve Jobs called Stoppelman in January 2010 in an effort to persuade
him to turn down an acquisition offer by Google and in
March 2012 Stoppelman rang the bell for the New York Stock
Yelp went public. According to Stoppelman, the
biggest challenge at
Yelp has been "the same problem
Google faces in
its rankings." Business owners have been suing reviewers that leave
negative reviews and raising allegations that
Yelp tampers with
reviews to favor companies that advertise, leading to legal troubles
for the company. In February 2013, Stoppelman accepted a salary
of $1, though he continues to earn income from the investment of his
11 percent interest in the company.
Stoppelman has a hands-on management style. Instead of a corner
office, he has a desk among his employees. In a Reddit AMA (Ask Me
Anything), when asked about the single most important management
technique he'd learned and where, he said "This one I got from PayPal,
but I'm a strong believer in doing 1 on 1 meetings with each of my
reports every week. Sometimes I feel like the company's psychiatrist,
but I do feel like listening to people and hearing about their
problems (personal and professional) cleans out the cobwebs and keeps
the organization humming.”
Stoppelman is a "voracious" non-fiction reader, and his brother
Michael also works at
Yelp as Senior Vice President of Engineering.
As of 2012, Stoppelman had written over one-thousand Yelp
reviews. As of 2011, his net worth was estimated to be $111
million to $222 million.
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