Wednesday, November 30, 2005

RED HERRING | Yelp Gets $3M-Plus in VC Cash

"Bessemer Venture Partners said Friday it has backed Yelp.com, a service that combines social networking and online reviews, with a first round of funding in the range of $3 million to $8 million.

Based in San Francisco, Yelp features reviews that compile personal recommendations for things like restaurants, bars, spas, and even moving services. It also facilitates social networking between reviewers."

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