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{{short description|American business executive|bot=PearBOT 5}}
{{good article}}
{{good article}}
{{Infobox person
{{Infobox person
| name = Jeremy Stoppelman
| name = Jeremy Stoppelman
| image = Jeremy Stoppelman LeWeb conference.jpg
| image = Jeremy Stoppelman LeWeb conference.jpg
| caption = Stoppelman in 2013
| caption = Stoppelman in 2013
| birth_date = {{birth date and age|1977|11|10}}<ref>{{cite web|title=Dior Home Party|url=http://www.sfgate.com/sfsocial/slideshow/Dior-Homme-party-52208.php|website=SFGate|accessdate=March 26, 2015}}</ref>
| birth_date = {{birth date and age|1977|11|10}}<ref>{{cite web|title=Dior Home Party|url=http://www.sfgate.com/sfsocial/slideshow/Dior-Homme-party-52208.php|website=SFGate|date=9 November 2012 |access-date=March 26, 2015}}</ref>
| birth_place = Arlington, Virginia
| birth_place = [[Arlington, Virginia]], US
⚫
| alma_mater = [[University of Illinois Urbana-Champaign]] ([[Bachelor of Science|BS]]) <br /> [[Harvard University]]
| occupation = CEO of Yelp
| occupation = CEO of Yelp
⚫
| alma_mater =[[University of Illinois at Urbana-Champaign]], [[Harvard Business School]]
| website = http://JeremyStoppelman.com
| website = {{URL|yelp.com/management}}
}}
}}


'''Jeremy Stoppelman''' (born November 10, 1977) is an American business executive. He is the CEO of [[Yelp, Inc.]], which he co-founded in 2004. Stoppelman obtained a bachelor's degree in computer engineering from the [[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. Stoppelman left PayPal to attend [[Harvard Business School]]. During a summer internship at MRL Ventures, he and others came up with the idea for Yelp Inc. He turned down an acquisition offer by Google and took the company public in 2012.
'''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 the [[University of Illinois at Urbana–Champaign]] in 1999. After briefly working for [[@Home Network]], he worked at [[X.com (bank)|X.com]] and later became the VP of Engineering after the company was renamed [[PayPal]]. Stoppelman left PayPal to attend [[Harvard Business School]]. During a summer internship at MRL Ventures, he and others came up with the idea for Yelp Inc. He turned down an acquisition offer by Google and took the company public in 2012.


==Early life==
==Early life==
Stoppelman was born in [[Arlington, Virginia]] in 1977.<ref name="bookly">{{cite book
Stoppelman was born in [[Arlington, Virginia]], in 1977.<ref name="bookly">{{cite book
| last =
| first =
| authorlink =
| title =Internet Innovators
| title =Internet Innovators
| publisher =Salem Press
| publisher =Salem Press
| date =February 2013
| date =February 2013
| pages =354–355
| pages =354–355
⚫
}}</ref><ref name="five">{{cite news|title=Q&A: Yelp CEO prizes company's independence|url=http://www.cleveland.com/business/index.ssf/2010/06/yelp_ceo_prizes_companys_indep.html|date=June 22, 2010|newspaper=San Jose Mercury News|access-date=August 6, 2013}}</ref> His mother, Lynn, was an English teacher, and his father, John, was a securities lawyer.<ref name="two">{{cite news|title=Yelp's Jeremy Stoppelman: a profile|first=Julian|last=Guthrie|url=http://www.sfgate.com/news/article/Yelp-s-Jeremy-Stoppelman-a-profile-3707980.php|date=July 16, 2012|newspaper=The San Francisco Chronicle|access-date=August 9, 2013}}</ref> Stoppelman is [[American Jews|Jewish]].<ref>{{Cite magazine |last=Kamp |first=David |date=2014-09-23 |title=How Yelp C.E.O. Jeremy Stoppelman Created a Revolutionary Product |url=https://www.vanityfair.com/news/2014/10/jeremy-stoppelman-yelp-ceo |access-date=2022-08-03 |magazine=Vanity Fair |language=en-US}}</ref> He attended [[Langley High School (Fairfax County, Virginia)|Langley High School]] and a [[Reform Judaism|Reform]] temple as a child and had a [[bar mitzvah]].<ref>{{cite news|title=What You Should Know About Jeremy Stoppelman: A panoply of eccentric biographical data re: the ur-yelper|first=David|last=Kamp|url=http://www.vanityfair.com/business/2014/10/jeremy-stoppelman-yelp-ceo|access-date=October 4, 2014}}</ref> As a child Stoppelman had an interest in computers and business<ref name="six">{{cite news|newspaper=NYSE Magazine|date=Fall 2012|title=Word on the Street|url=http://www.nysemagazine.com/statics/NYSE_Fall_2012.pdf|access-date=August 6, 2013|first=Tom|last=McNichol|archive-date=September 21, 2013|archive-url=https://web.archive.org/web/20130921054354/http://www.nysemagazine.com/statics/NYSE_Fall_2012.pdf|url-status=dead}}</ref><ref name="seven"/> and began investing in stocks at the age of 14.<ref name="two"/><ref name="six"/> Stoppelman aspired to be a video game developer and took computer programming classes, where he learned the [[Turbo Pascal]] software programming system.<ref name="two"/><ref name="seven">{{cite news|title=The Startup Boys: A Conversation with Yelp.com founders Russel Simmons and Jeremy Stoppelman|first=Angela|last=Balcita|url=http://cty.jhu.edu/imagine/docs/yelpdotcom.pdf|access-date=August 6, 2013|newspaper=Imagine|date=January–February 2008|archive-date=September 21, 2013|archive-url=https://web.archive.org/web/20130921053819/http://cty.jhu.edu/imagine/docs/yelpdotcom.pdf|url-status=dead}}</ref> He attended the [[University of Illinois at Urbana-Champaign]] and obtained a bachelor's degree in computer engineering in 1999.<ref name="three">{{citation|first=Bridget|last=Maiellaro|publisher=Department of Electrical and Computer Engineering|date=March 29, 2007|url=http://www.ece.illinois.edu/mediacenter/article.asp?id=136|title=Like YouTube, PayPal, Yelp Has Illinois Root|access-date=August 5, 2013|archive-date=August 8, 2013|archive-url=https://web.archive.org/web/20130808110024/http://www.ece.illinois.edu/mediacenter/article.asp?id=136|url-status=dead}}</ref> After graduating he took a job with [[@Home Network]].<ref name="five"/>
| url =
⚫
}}</ref><ref name="five">{{cite news|title=Q&A: Yelp CEO prizes company's independence|url=http://www.cleveland.com/business/index.ssf/2010/06/yelp_ceo_prizes_companys_indep.html|date=June 22, 2010|newspaper=San Jose Mercury News|accessdate=August 6, 2013}}</ref> His mother, Lynn, was an English teacher, and his father, John, was a securities lawyer.<ref name="two">{{cite news|title=Yelp's Jeremy Stoppelman: a profile|first=Julian|last=Guthrie|url=http://www.sfgate.com/news/article/Yelp-s-Jeremy-Stoppelman-a-profile-3707980.php|date=July 16, 2012|newspaper=The San Francisco Chronicle|accessdate=August 9, 2013}}</ref> Stoppelman is [[American Jews|Jewish]]. He attended a Reform temple as a child and had a Bar Mitzvah.<ref>{{cite news|title=What You Should Know About Jeremy Stoppelman: A panoply of eccentric biographical data re: the ur-yelper|first=David|last=Kamp|url=http://www.vanityfair.com/business/2014/10/jeremy-stoppelman-yelp-ceo|accessdate=October 4, 2014}}</ref> As a child Stoppelman had an interest in computers and business<ref name="six">{{cite news|newspaper=NYSE Magazine|date=Fall 2012|title=Word on the Street|url=http://www.nysemagazine.com/statics/NYSE_Fall_2012.pdf|accessdate=August 6, 2013|first=Tom|last=McNichol}}</ref><ref name="seven"/> and began investing in stocks at the age of 14.<ref name="two"/><ref name="six"/> Stoppelman aspired to be a video game developer and took computer programming classes, where he learned the [[Turbo Pascal]] software programming system.<ref name="two"/><ref name="seven">{{cite news|title=The Startup Boys: A Conversation with Yelp.com founders Russel Simmons and Jeremy Stoppelman|first=Angela|last=Balcita|url=http://cty.jhu.edu/imagine/docs/yelpdotcom.pdf|accessdate=August 6, 2013|newspaper=Imagine|date=January–February 2008}}</ref> He attended the [[University of Illinois at Urbana-Champaign]] and obtained a bachelor's degree in computer engineering in 1999.<ref name="three">{{citation|first=Bridget|last=Maiellaro|publisher=Department of Electrical and Computer Engineering|date=March 29, 2007|url=http://www.ece.illinois.edu/mediacenter/article.asp?id=136|title=Like YouTube, PayPal, Yelp Has Illinois Root|accessdate=August 5, 2013}}</ref> After graduating he took a job with [[@Home Network]].<ref name="five"/>


==Career==
==Career==
After four months of working for @Home Network, Stoppelman accepted a position as an engineer at [[X.com]],<ref name="two"/> which later became [[PayPal]]. It was here that Stoppelman met businessman [[Max Levchin]], who later became an investor in Stoppelman's company, [[Yelp Inc.]]<ref name="two"/><ref name="alpo"/> Stoppelman became the V.P. of engineering at PayPal,<ref name="eleven"/> and is one of a group of PayPal's early employees sometimes referred to as the [[PayPal Mafia]].<ref name="eleven">{{cite news|title=Yelp co-founder: "Be ready to bleed for your cause"|url=http://www.cbsnews.com/8301-34145_162-57531419-10391738/yelp-co-founder-be-ready-to-bleed-for-your-cause/|publisher=CBS News|first=Rebecca|last=Jarvis|accessdate=August 6, 2013|date=December 4, 2012}}</ref><ref name="ten">{{cite news|title=42: Jeremy Stoppelman|newspaper=Vanity Fair|url=http://www.vanityfair.com/business/new-establishment/2011/42-jeremy-stoppelman|year=2011|accessdate=August 6, 2013}}</ref><ref>{{cite news|first=Max|last=Nisen|date=November 27, 2012|url=http://www.businessinsider.com/what-created-the-paypal-mafia-2012-11?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29|work=Business Insider|accessdate=August 6, 2013|title=Yelp CEO Jeremy Stoppelman On What Created The 'PayPal Mafia' Of Successful Entrepreneurs}}</ref>
After four months of working for @Home Network, Stoppelman accepted a position as an engineer at [[X.com (bank)|X.com]],<ref name="two"/> which later became [[PayPal]]. It was here that Stoppelman met businessman [[Max Levchin]], who later became an investor in Stoppelman's company, [[Yelp Inc.]]<ref name="two"/><ref name="alpo"/> Stoppelman became the V.P. of engineering at PayPal,<ref name="eleven"/> and is one of a group of PayPal's early employees sometimes referred to as the [[PayPal Mafia]].<ref name="eleven">{{cite news|title=Yelp co-founder: "Be ready to bleed for your cause"|url=https://www.cbsnews.com/news/yelp-co-founder-be-ready-to-bleed-for-your-cause/|publisher=CBS News|first=Rebecca|last=Jarvis|access-date=August 6, 2013|date=December 4, 2012}}</ref><ref name="ten">{{cite news|title=42: Jeremy Stoppelman|newspaper=Vanity Fair|url=http://www.vanityfair.com/business/new-establishment/2011/42-jeremy-stoppelman|year=2011|access-date=August 6, 2013}}</ref><ref>{{cite news|first=Max|last=Nisen|date=November 27, 2012|url=http://www.businessinsider.com/what-created-the-paypal-mafia-2012-11|work=Business Insider|access-date=August 6, 2013|title=Yelp CEO Jeremy Stoppelman On What Created The 'PayPal Mafia' Of Successful Entrepreneurs}}</ref>


Stoppelman left PayPal, after it was acquired by eBay in 2003 and attended [[Harvard Business School]] for one year.<ref name="six"/><ref name="twelve">{{cite news|newspaper=Newsweek|date=October 21, 2009|url=http://www.thedailybeast.com/newsweek/2009/10/21/for-yelp-locals-aren-t-yokels.html|accessdate=August 6, 2013|title=For Yelp, Locals Aren't Yokels}}</ref><ref name="bizinsider">{{cite news|first=William|last=Wei|date=December 10, 2012|url=http://www.businessinsider.com/how-jeremy-stoppelman-became-successful-2012-12|work=Business Insider|title=How Yelp CEO Jeremy Stoppelman Became a Ridiculously Successful Tech Entrepreneur Worth Millions|accessdate=August 9, 2013}}</ref><ref name="Lacy2008">{{cite book|author=Sarah Lacy|title=Once You're Lucky, Twice You're Good: The Rebirth of Silicon Valley and the Rise of Web 2.0|url=https://books.google.com/books?id=R15ur9mWUSEC&pg=PA39|year=2008|publisher=Gotham|isbn=978-1-59240-382-0|page=39}}</ref> During Stoppelman's school break<ref name="two"/> Levchin persuaded Stoppelman to do an internship at the business incubator, MRL ventures.<ref name="three"/><ref>{{cite news|first=Brian|last=Caulfield|newspaper=Forbes|title=The Not-So-Evil Genius of Jeremy Stoppelman|url=http://www.forbes.com/sites/velocity/2009/12/18/the-not-so-evil-genius-of-jeremy-stoppelman/|date=December 8, 2009|accessdate=August 6, 2013}}</ref><ref name="name"/>
Stoppelman left PayPal after its 2003 acquisition by eBay and attended [[Harvard Business School]] for one year.<ref name="six"/><ref name="twelve">{{cite news|newspaper=Newsweek|date=October 21, 2009|url=http://www.thedailybeast.com/newsweek/2009/10/21/for-yelp-locals-aren-t-yokels.html|access-date=August 6, 2013|title=For Yelp, Locals Aren't Yokels|archive-url=https://web.archive.org/web/20130921053806/http://www.thedailybeast.com/newsweek/2009/10/21/for-yelp-locals-aren-t-yokels.html|archive-date=September 21, 2013|url-status=dead}}</ref><ref name="bizinsider">{{cite news|first=William|last=Wei|date=December 10, 2012|url=http://www.businessinsider.com/how-jeremy-stoppelman-became-successful-2012-12|work=Business Insider|title=How Yelp CEO Jeremy Stoppelman Became a Ridiculously Successful Tech Entrepreneur Worth Millions|access-date=August 9, 2013}}</ref><ref name="Lacy2008">{{cite book|author=Sarah Lacy|title=Once You're Lucky, Twice You're Good: The Rebirth of Silicon Valley and the Rise of Web 2.0|url=https://books.google.com/books?id=R15ur9mWUSEC&pg=PA39|year=2008|publisher=Gotham|isbn=978-1-59240-382-0|page=39}}</ref> During Stoppelman's school break<ref name="two"/> Levchin persuaded Stoppelman to do an internship at the business incubator, MRL ventures.<ref name="three"/><ref>{{cite news|first=Brian|last=Caulfield|newspaper=Forbes|title=The Not-So-Evil Genius of Jeremy Stoppelman|url=https://www.forbes.com/sites/velocity/2009/12/18/the-not-so-evil-genius-of-jeremy-stoppelman/|date=December 8, 2009|access-date=August 6, 2013}}</ref><ref name="name"/>


===Yelp===
===Yelp===
In the summer of 2004, Jeremy Stoppelman got the flu<ref name="thirteen">{{cite news|url=http://www.entrepreneur.com/blog/224338#|newspaper=Entrepreneur|first=Riva|last=Richmond|date=September 10, 2012|accessdate=August 7, 2013|title=Yelp Co-Founder Jeremy Stoppelman on Innovating and Staying Relevant}}</ref> 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,<ref name="eleven"/> began brainstorming on how to create an online community where users could share recommendations for local services.<ref name="six"/><ref name="name"/> Stoppelman and Simmons pitched the idea to Levchin who provided $1 million in initial funding.<ref name="name">{{cite news|first=Angus|last=Loten|title=Search for Doctor Leads to Yelp|url=https://online.wsj.com/article/SB10001424127887324595904578117512589717352.html|date=November 14, 2012|accessdate=August 7, 2013|newspaper=The Wall Street Journal}}</ref><ref name="twotwo">{{cite news|url=http://www.inc.com/news/articles/201111/yelp-goes-live-in-australia-as-it-prepares-for-ipo.html|newspaper=Inc. Magazine|title=Yelp Goes Live in Australia as It Prepares for IPO|accessdate=January 5, 2013|date=November 30, 2011|first=Courtney|last=Rubin}}</ref><ref name="Fortune1">{{cite news|url=http://money.cnn.com/magazines/fortune/fortune_archive/2007/07/23/100134489/index.htm|title=Business paradigm shifts and free tequila shots|newspaper=Fortune|first=Jeffrey M.|last=O'Brien|date=July 10, 2007|accessdate=August 20, 2008}}</ref> Under Stoppelman's leadership, Yelp grew to a [[market capitalization]] of $4 billion and hosted 138 million user reviews.<ref name="six"/><ref name="name"/>
In the summer of 2004, Jeremy Stoppelman got the flu<ref name="thirteen">{{cite news|url=http://www.entrepreneur.com/blog/224338#|newspaper=Entrepreneur|first=Riva|last=Richmond|date=September 10, 2012|access-date=August 7, 2013|title=Yelp Co-Founder Jeremy Stoppelman on Innovating and Staying Relevant}}</ref> 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,<ref name="eleven"/> began brainstorming on how to create an online community where users could share recommendations for local services.<ref name="six"/><ref name="name"/> Stoppelman and Simmons pitched the idea to Levchin who provided $1 million in initial funding.<ref name="name">{{cite news|first=Angus|last=Loten|title=Search for Doctor Leads to Yelp|url=https://www.wsj.com/articles/SB10001424127887324595904578117512589717352|date=November 14, 2012|access-date=August 7, 2013|newspaper=The Wall Street Journal}}</ref><ref name="twotwo">{{cite news|url=http://www.inc.com/news/articles/201111/yelp-goes-live-in-australia-as-it-prepares-for-ipo.html|newspaper=Inc. Magazine|title=Yelp Goes Live in Australia as It Prepares for IPO|access-date=January 5, 2013|date=November 30, 2011|first=Courtney|last=Rubin}}</ref><ref name="Fortune1">{{cite news|url=https://money.cnn.com/magazines/fortune/fortune_archive/2007/07/23/100134489/index.htm|title=Business paradigm shifts and free tequila shots|newspaper=Fortune|first=Jeffrey M.|last=O'Brien|date=July 10, 2007|access-date=August 20, 2008}}</ref> Under Stoppelman's leadership, Yelp grew to a [[market capitalization]] of $4 billion and hosted 138 million user reviews.<ref name="six"/><ref name="name"/>


[[Steve Jobs]] called Stoppelman in January 2010 in an effort to persuade him to turn down an acquisition offer by [[Google]]<ref name="two"/><ref name="ten"/><ref>{{cite news|title=Steve Jobs Called up Yelp and Said Don't Sell out to Google|url=http://www.businessinsider.com/steve-jobs-called-up-yelp-and-said-dont-sell-out-to-google-2012-7|work=Business Insider|first=Seth|last=Fiegerman|date=July 16, 2012|accessdate=August 9, 2013}}</ref> and in March 2012<ref>{{cite news|title=Eye-Openers: Yelp goes public, Toronado gets sassy|date=March 2, 2012|url=http://insidescoopsf.sfgate.com/blog/2012/03/02/eye-openers-yelp-goes-public-toronado-gets-sassy/|newspaper=San Francisco Chronicle|accessdate=August 19, 2013|first=Paolo|last=Lucchesi}}</ref> Stoppelman rang the bell for the [[New York Stock Exchange]] after Yelp went public.<ref name="two"/> 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.<ref name="two"/><ref name="ten"/> In February 2013, Stoppelman accepted a salary of $1, though he continues to earn income from the vestment of his 11 percent interest in the company.<ref>{{cite news|title=Yelp CEO takes $1 salary|publisher=CNET|first=Jennifer|last=Grove|date=February 8, 2013|url=http://news.cnet.com/8301-1023_3-57568512-93/yelp-ceo-takes-$1-salary/|accessdate=August 7, 2013}}</ref><ref>{{cite news|date=February 8, 2013|url=http://www.bizjournals.com/sanfrancisco/news/2013/02/08/yelp-inc-ceo-stoppelmans-2013-salary.html|title=Yelp Inc. CEO Stoppelman's 2013 salary is $1|publisher=San Francisco Business Times|first=Steven|last=Brown|accessdate=August 9, 2013}}</ref><ref name="you">{{cite news|title=You Won't Believe How Much Yelp's Top Shareholders are Worth Now|url=http://www.businessinsider.com/yelp-millionaires-club-ipo-2011-11?op=1|date=November 17, 2011|first=Matt|last=Lynley|accessdate=August 7, 2013|publisher=Business Insider}}</ref>
[[Steve Jobs]] called Stoppelman in January 2010 in an effort to persuade him to turn down an acquisition offer by [[Google]]<ref name="two"/><ref name="ten"/><ref>{{cite news|title=Steve Jobs Called up Yelp and Said Don't Sell out to Google|url=http://www.businessinsider.com/steve-jobs-called-up-yelp-and-said-dont-sell-out-to-google-2012-7|work=Business Insider|first=Seth|last=Fiegerman|date=July 16, 2012|access-date=August 9, 2013}}</ref> and in March 2012<ref>{{cite news|title=Eye-Openers: Yelp goes public, Toronado gets sassy|date=March 2, 2012|url=http://insidescoopsf.sfgate.com/blog/2012/03/02/eye-openers-yelp-goes-public-toronado-gets-sassy/|newspaper=San Francisco Chronicle|access-date=August 19, 2013|first=Paolo|last=Lucchesi|archive-date=May 17, 2017|archive-url=https://web.archive.org/web/20170517142621/http://insidescoopsf.sfgate.com/blog/2012/03/02/eye-openers-yelp-goes-public-toronado-gets-sassy/|url-status=dead}}</ref> Stoppelman rang the bell for the [[New York Stock Exchange]] after Yelp went public.<ref name="two"/> 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.<ref name="two"/><ref name="ten"/> 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.<ref>{{cite news|title=Yelp CEO takes $1 salary|publisher=CNET|first=Jennifer|last=Grove|date=February 8, 2013|url=http://news.cnet.com/8301-1023_3-57568512-93/yelp-ceo-takes-$1-salary/|access-date=August 7, 2013}}</ref><ref>{{cite news|date=February 8, 2013|url=http://www.bizjournals.com/sanfrancisco/news/2013/02/08/yelp-inc-ceo-stoppelmans-2013-salary.html|title=Yelp Inc. CEO Stoppelman's 2013 salary is $1|publisher=San Francisco Business Times|first=Steven|last=Brown|access-date=August 9, 2013}}</ref><ref name="you">{{cite news|title=You Won't Believe How Much Yelp's Top Shareholders are Worth Now|url=http://www.businessinsider.com/yelp-millionaires-club-ipo-2011-11?op=1|date=November 17, 2011|first=Matt|last=Lynley|access-date=August 7, 2013|publisher=Business Insider}}</ref>


Stoppelman has a hands-on management style and sits at a desk among his employees.<ref>{{cite web|last1=Guthrie|first1=Julian|title=Yelp's Jeremy Stoppelman: a profile|url=http://www.sfgate.com/news/article/Yelp-s-Jeremy-Stoppelman-a-profile-3707980.php#photo-3195315|website=SFGate|date=15 July 2012 |publisher=SFGate|access-date=March 26, 2015}}</ref> In 2016, an open letter on [[Medium (website)|Medium]] to Stoppelman by a San Francisco employee of Yelp subsidiary Eat24, [[Talia Jane]], went viral, describing how she and her coworkers struggled on their wages to afford groceries or winter heating in the Bay Area. She was immediately fired,<ref>{{cite news |last1=Mack |first1=David |title=This Woman's Post On Poverty Went Viral And She Lost Her Job |url=https://www.buzzfeednews.com/article/davidmack/talia-jane-vs-yelp |access-date=11 July 2020 |work=BuzzFeed News |date=20 February 2016 |language=en}}</ref><ref>{{cite news |last1=Bever |first1=Lindsey |title=The Yelp employee who wasn't making enough money to eat |url=https://www.washingtonpost.com/news/the-switch/wp/2016/02/23/i-was-picking-up-pennies-ex-employee-says-after-decrying-yelps-wages-and-losing-her-job/ |access-date=11 July 2020 |newspaper=Washington Post |date=23 February 2016 |language=en}}</ref> though Stoppelman said this was not due to the letter.<ref>{{cite news |title=Yelp v Talia Jane: Entitled Millennial or starving ex-employee? |url=https://www.bbc.com/news/blogs-trending-35636280 |access-date=11 July 2020 |work=BBC News |date=23 February 2016}}</ref> Yelp increased wages and benefits for low-level employees two months later.<ref>{{cite news |last1=Truong |first1=Alice |title=Yelp increases wages after firing an employee who was critical about her low pay |url=https://qz.com/672681/yelp-increases-wages-after-firing-an-employee-who-was-critical-about-her-low-pay/ |access-date=11 July 2020 |work=Quartz |date=28 April 2016 |language=en}}</ref>
==Management style==

Stoppelman has a hands-on management style. Instead of a corner office, he has a desk among his employees.<ref>{{cite web|last1=Guthrie|first1=Julian|title=Yelp's Jeremy Stoppelman: a profile|url=http://www.sfgate.com/news/article/Yelp-s-Jeremy-Stoppelman-a-profile-3707980.php#photo-3195315|website=SFGate|publisher=SFGate|accessdate=March 26, 2015}}</ref> 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.”<ref>{{cite web|last1=Nisen|first1=Max|title=Yelp CEO Shares His Single Most Important Management Tip|url=http://www.businessinsider.com/jeremy-stoppelman-ama-2013-11|website=Business Insider|accessdate=March 25, 2015}}</ref>
In June 2022, following the COVID-19 pandemic, Stoppleman praised fully remote work, eliminating mandatory time in the office, and announced plans to close 450,000 square feet of office space in New York City, Washington, D.C., and Chicago.<ref>{{Cite web |last=Sisson |first=Patrick |date=2022-07-19 |title=Yelp's Decision on Return to Office Reverberating |url=https://commercialobserver.com/2022/07/yelp-return-office-companies-remote/ |access-date=2022-08-03 |website=Commercial Observer |language=en-US}}</ref>


==Personal==
==Personal==
Stoppelman is a "voracious" non-fiction reader,<ref name="six"/><ref name="alpo">{{cite news|date=November 26, 2012|url=http://www.fastcompany.com/3002950/not-just-another-web-20-company-yelp-basks-its-star-power|newspaper=Fast Company|first=Max|last=Chafkin|title=Not just another Web 2.0 company, Yelp basks in its star power|accessdate=August 19, 2013}}</ref> and his brother Michael also works at Yelp as [[Vice president#In business|Senior Vice President]] of Engineering.<ref name="two"/> As of 2012, Stoppelman had written over one-thousand Yelp reviews.<ref name="six"/><ref name="alpo"/> As of 2011, his net worth was estimated to be $111 million to $222 million.<ref name="you"/>
Stoppelman is a "voracious" non-fiction reader,<ref name="six"/><ref name="alpo">{{cite news|date=November 26, 2012|url=http://www.fastcompany.com/3002950/not-just-another-web-20-company-yelp-basks-its-star-power|newspaper=Fast Company|first=Max|last=Chafkin|title=Not just another Web 2.0 company, Yelp basks in its star power|access-date=August 19, 2013}}</ref> and his brother Michael previously worked at Yelp as [[Vice president#In business|Senior Vice President]] of Engineering.<ref name="two"/> As of 2012, Stoppelman had written over one-thousand Yelp reviews.<ref name="six"/><ref name="alpo"/> As of 2011, his net worth was estimated to be $111 million to $222 million.<ref name="you"/>

===Political activism===
Stoppelman advocates for fewer zoning restrictions in order to allow denser housing in the Bay Area as a way of mitigating the [[California housing shortage]].<ref name=":0">{{cite news|title=Yelp CEO: Company boards are asking about hiring outside of the Bay Area because housing costs are too high locally|url=https://www.bizjournals.com/sanfrancisco/news/2018/04/19/yelp-ceo-tech-companies-boards-housing-crisis.html|first=Alisha|last=Green|newspaper=San Francisco Business Times|date=April 19, 2018|accessdate=October 6, 2021|quote=Stoppelman has been an outspoken YIMBY for years, opining on the housing crisis on his Twitter feed and pushing for less restrictive development policies in the Bay Area and across the state.}}</ref> For example, he supports the [[YIMBY]] (yes in my backyard) movement.<ref name=":0" /><ref name="Dougherty 2020 p. "/> He was also a prominent supporter of a bill that would allow denser housing near public transit routes.<ref name="Pender 2018">{{cite web | last=Pender | first=Kathleen | title=Yelp CEO calls on Google, Facebook to help housing crisis | website=San Francisco Chronicle | date=April 19, 2018 | url=https://www.sfchronicle.com/business/networth/article/Yelp-CEO-calls-on-Google-Facebook-to-help-12849616.php | access-date=October 6, 2021|quote=one of its biggest supporters — Yelp CEO Jeremy Stoppelman}}</ref> He lobbied other tech executives to join him in encouraging local governments to build more housing near universities.<ref name="Pender 2018" /> He also speaks about affordable housing at public events and donates to related causes.<ref name="Dougherty 2020 p. ">{{cite book | last=Dougherty | first=Conor | title=Golden gates : fighting for housing in America | publisher=Penguin Press | publication-place=New York | year=2020 | isbn=978-0-525-56021-0 | oclc=1119743965 | language=nl | pages=26, 219}}</ref><ref name="bizjournals">{{cite news|title=Pro-density renters group grows, snags tech giant CEO gift|first=Roland|last=Li|date=March 30, 2015|url=https://www.bizjournals.com/sanfrancisco/blog/real-estate/2015/03/pro-density-sfbarf-yelp-jeremy-stoppelman.html|accessdate=October 6, 2021|newspaper=San Francisco Business Times|quote= }}</ref>

Stoppelman advocates for more aggressive enforcement of antitrust regulations against Google and other technology companies. He accuses Google of having a monopoly in digital maps, online search engines, and reviews.<ref name="Honan 2019">{{cite web | last=Honan | first=Mat | title=Jeremy Stoppelman's Long Battle With Google Is Finally Paying Off | website=BuzzFeed News | date=November 5, 2019 | url=https://www.buzzfeednews.com/article/mathonan/jeremy-stoppelman-yelp | access-date=October 6, 2021}}</ref><ref name="The New York Times 2017">{{cite web | title=Inside Yelp's Six-Year Grudge Against Google | website=The New York Times |first=Conor |last=Dougherty|date=June 1, 2017 | url=https://www.nytimes.com/2017/07/01/technology/yelp-google-european-union-antitrust.html | access-date=October 6, 2021}}</ref><ref name="Marino 2020">{{cite web | last=Marino | first=Andrew | title=Yelp CEO Jeremy Stoppelman welcomes you to Team Antitrust | website=The Verge | date=August 25, 2020 | url=https://www.theverge.com/2020/8/25/21399416/vergecast-podcast-interview-yelp-ceo-jeremy-stoppelman | access-date=January 11, 2022}}</ref> He is also one of the few male CEOs of a public company<ref name="Hinchliffe 2022">{{cite web | last=Hinchliffe | first=Emma | title=Remote work made figuring out its abortion policies even more critical for Yelp | website=Fortune | date=June 6, 2022 | url=https://fortune.com/2022/06/06/yelp-abortion-bans-roe-v-wade-remote-work-jeremy-stoppelman/ | access-date=September 30, 2022}}</ref> to be a public advocate for reproductive rights.<ref>{{cite news|title=Yelp Chief Urges Business Leaders to Speak Out on Decision|newspaper=The Wall Street Journal|date=June 24, 2022|first=Emily|last=Glazer}}</ref>


==References==
==References==
Line 47: Line 50:
==External links==
==External links==
* [http://www.yelp.com/management Official profile]
* [http://www.yelp.com/management Official profile]
* [http://www.npr.org/2015/06/22/416510753/jeremy-stoppelman-co-founder-of-yelp Interview with Stoppelman] on [[NPR]]
* [https://www.npr.org/2019/06/21/734865142/yelp-jeremy-stoppelman Interview with Stoppelman] on [[NPR]]


{{DEFAULTSORT:Stoppelman, Jeremy}}
{{DEFAULTSORT:Stoppelman, Jeremy}}
[[Category:1977 births]]
[[Category:1977 births]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:American businesspeople]]
[[Category:American technology chief executives]]
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[[Category:American Jews]]
[[Category:American inventors]]
[[Category:American inventors]]
[[Category:Harvard Business School alumni]]
[[Category:Harvard Business School alumni]]
[[Category:Grainger College of Engineering alumni]]
[[Category:People from Arlington County, Virginia]]
[[Category:21st-century American inventors]]
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[[Category:21st-century American Jews]]
[[Category:YIMBY activists]]

Latest revision as of 04:40, 8 October 2024

Jeremy Stoppelman
Stoppelman in 2013
Born (1977-11-10) November 10, 1977 (age 47)[1]
Arlington, Virginia, US
Alma materUniversity of Illinois Urbana-Champaign (BS)
Harvard University
OccupationCEO of Yelp
Websiteyelp.com/management

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 the University of Illinois at Urbana–Champaign in 1999. After briefly working for @Home Network, he worked at X.com and later became the VP of Engineering after the company was renamed PayPal. Stoppelman left PayPal to attend Harvard Business School. During a summer internship at MRL Ventures, he and others came up with the idea for Yelp Inc. He turned down an acquisition offer by Google and took the company public in 2012.

Early life

[edit]

Stoppelman was born in Arlington, Virginia, in 1977.[2][3] His mother, Lynn, was an English teacher, and his father, John, was a securities lawyer.[4] Stoppelman is Jewish.[5] He attended Langley High School and a Reform temple as a child and had a bar mitzvah.[6] As a child Stoppelman had an interest in computers and business[7][8] and began investing in stocks at the age of 14.[4][7] Stoppelman aspired to be a video game developer and took computer programming classes, where he learned the Turbo Pascal software programming system.[4][8] He attended the University of Illinois at Urbana-Champaign and obtained a bachelor's degree in computer engineering in 1999.[9] After graduating he took a job with @Home Network.[3]

Career

[edit]

After four months of working for @Home Network, Stoppelman accepted a position as an engineer at X.com,[4] which later became PayPal. It was here that Stoppelman met businessman Max Levchin, who later became an investor in Stoppelman's company, Yelp Inc.[4][10] Stoppelman became the V.P. of engineering at PayPal,[11] and is one of a group of PayPal's early employees sometimes referred to as the PayPal Mafia.[11][12][13]

Stoppelman left PayPal after its 2003 acquisition by eBay and attended Harvard Business School for one year.[7][14][15][16] During Stoppelman's school break[4] Levchin persuaded Stoppelman to do an internship at the business incubator, MRL ventures.[9][17][18]

Yelp

[edit]

In the summer of 2004, Jeremy Stoppelman got the flu[19] 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,[11] began brainstorming on how to create an online community where users could share recommendations for local services.[7][18] Stoppelman and Simmons pitched the idea to Levchin who provided $1 million in initial funding.[18][20][21] Under Stoppelman's leadership, Yelp grew to a market capitalization of $4 billion and hosted 138 million user reviews.[7][18]

Steve Jobs called Stoppelman in January 2010 in an effort to persuade him to turn down an acquisition offer by Google[4][12][22] and in March 2012[23] Stoppelman rang the bell for the New York Stock Exchange after Yelp went public.[4] 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.[4][12] 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.[24][25][26]

Stoppelman has a hands-on management style and sits at a desk among his employees.[27] In 2016, an open letter on Medium to Stoppelman by a San Francisco employee of Yelp subsidiary Eat24, Talia Jane, went viral, describing how she and her coworkers struggled on their wages to afford groceries or winter heating in the Bay Area. She was immediately fired,[28][29] though Stoppelman said this was not due to the letter.[30] Yelp increased wages and benefits for low-level employees two months later.[31]

In June 2022, following the COVID-19 pandemic, Stoppleman praised fully remote work, eliminating mandatory time in the office, and announced plans to close 450,000 square feet of office space in New York City, Washington, D.C., and Chicago.[32]

Personal

[edit]

Stoppelman is a "voracious" non-fiction reader,[7][10] and his brother Michael previously worked at Yelp as Senior Vice President of Engineering.[4] As of 2012, Stoppelman had written over one-thousand Yelp reviews.[7][10] As of 2011, his net worth was estimated to be $111 million to $222 million.[26]

Political activism

[edit]

Stoppelman advocates for fewer zoning restrictions in order to allow denser housing in the Bay Area as a way of mitigating the California housing shortage.[33] For example, he supports the YIMBY (yes in my backyard) movement.[33][34] He was also a prominent supporter of a bill that would allow denser housing near public transit routes.[35] He lobbied other tech executives to join him in encouraging local governments to build more housing near universities.[35] He also speaks about affordable housing at public events and donates to related causes.[34][36]

Stoppelman advocates for more aggressive enforcement of antitrust regulations against Google and other technology companies. He accuses Google of having a monopoly in digital maps, online search engines, and reviews.[37][38][39] He is also one of the few male CEOs of a public company[40] to be a public advocate for reproductive rights.[41]

References

[edit]
  1. ^ "Dior Home Party". SFGate. 9 November 2012. Retrieved March 26, 2015.
  2. ^ Internet Innovators. Salem Press. February 2013. pp. 354–355.
  3. ^ a b "Q&A: Yelp CEO prizes company's independence". San Jose Mercury News. June 22, 2010. Retrieved August 6, 2013.
  4. ^ a b c d e f g h i j Guthrie, Julian (July 16, 2012). "Yelp's Jeremy Stoppelman: a profile". The San Francisco Chronicle. Retrieved August 9, 2013.
  5. ^ Kamp, David (2014-09-23). "How Yelp C.E.O. Jeremy Stoppelman Created a Revolutionary Product". Vanity Fair. Retrieved 2022-08-03.
  6. ^ Kamp, David. "What You Should Know About Jeremy Stoppelman: A panoply of eccentric biographical data re: the ur-yelper". Retrieved October 4, 2014.
  7. ^ a b c d e f g McNichol, Tom (Fall 2012). "Word on the Street" (PDF). NYSE Magazine. Archived from the original (PDF) on September 21, 2013. Retrieved August 6, 2013.
  8. ^ a b Balcita, Angela (January–February 2008). "The Startup Boys: A Conversation with Yelp.com founders Russel Simmons and Jeremy Stoppelman" (PDF). Imagine. Archived from the original (PDF) on September 21, 2013. Retrieved August 6, 2013.
  9. ^ a b Maiellaro, Bridget (March 29, 2007), Like YouTube, PayPal, Yelp Has Illinois Root, Department of Electrical and Computer Engineering, archived from the original on August 8, 2013, retrieved August 5, 2013
  10. ^ a b c Chafkin, Max (November 26, 2012). "Not just another Web 2.0 company, Yelp basks in its star power". Fast Company. Retrieved August 19, 2013.
  11. ^ a b c Jarvis, Rebecca (December 4, 2012). "Yelp co-founder: "Be ready to bleed for your cause"". CBS News. Retrieved August 6, 2013.
  12. ^ a b c "42: Jeremy Stoppelman". Vanity Fair. 2011. Retrieved August 6, 2013.
  13. ^ Nisen, Max (November 27, 2012). "Yelp CEO Jeremy Stoppelman On What Created The 'PayPal Mafia' Of Successful Entrepreneurs". Business Insider. Retrieved August 6, 2013.
  14. ^ "For Yelp, Locals Aren't Yokels". Newsweek. October 21, 2009. Archived from the original on September 21, 2013. Retrieved August 6, 2013.
  15. ^ Wei, William (December 10, 2012). "How Yelp CEO Jeremy Stoppelman Became a Ridiculously Successful Tech Entrepreneur Worth Millions". Business Insider. Retrieved August 9, 2013.
  16. ^ Sarah Lacy (2008). Once You're Lucky, Twice You're Good: The Rebirth of Silicon Valley and the Rise of Web 2.0. Gotham. p. 39. ISBN 978-1-59240-382-0.
  17. ^ Caulfield, Brian (December 8, 2009). "The Not-So-Evil Genius of Jeremy Stoppelman". Forbes. Retrieved August 6, 2013.
  18. ^ a b c d Loten, Angus (November 14, 2012). "Search for Doctor Leads to Yelp". The Wall Street Journal. Retrieved August 7, 2013.
  19. ^ Richmond, Riva (September 10, 2012). "Yelp Co-Founder Jeremy Stoppelman on Innovating and Staying Relevant". Entrepreneur. Retrieved August 7, 2013.
  20. ^ Rubin, Courtney (November 30, 2011). "Yelp Goes Live in Australia as It Prepares for IPO". Inc. Magazine. Retrieved January 5, 2013.
  21. ^ O'Brien, Jeffrey M. (July 10, 2007). "Business paradigm shifts and free tequila shots". Fortune. Retrieved August 20, 2008.
  22. ^ Fiegerman, Seth (July 16, 2012). "Steve Jobs Called up Yelp and Said Don't Sell out to Google". Business Insider. Retrieved August 9, 2013.
  23. ^ Lucchesi, Paolo (March 2, 2012). "Eye-Openers: Yelp goes public, Toronado gets sassy". San Francisco Chronicle. Archived from the original on May 17, 2017. Retrieved August 19, 2013.
  24. ^ Grove, Jennifer (February 8, 2013). "Yelp CEO takes $1 salary". CNET. Retrieved August 7, 2013.
  25. ^ Brown, Steven (February 8, 2013). "Yelp Inc. CEO Stoppelman's 2013 salary is $1". San Francisco Business Times. Retrieved August 9, 2013.
  26. ^ a b Lynley, Matt (November 17, 2011). "You Won't Believe How Much Yelp's Top Shareholders are Worth Now". Business Insider. Retrieved August 7, 2013.
  27. ^ Guthrie, Julian (15 July 2012). "Yelp's Jeremy Stoppelman: a profile". SFGate. SFGate. Retrieved March 26, 2015.
  28. ^ Mack, David (20 February 2016). "This Woman's Post On Poverty Went Viral And She Lost Her Job". BuzzFeed News. Retrieved 11 July 2020.
  29. ^ Bever, Lindsey (23 February 2016). "The Yelp employee who wasn't making enough money to eat". Washington Post. Retrieved 11 July 2020.
  30. ^ "Yelp v Talia Jane: Entitled Millennial or starving ex-employee?". BBC News. 23 February 2016. Retrieved 11 July 2020.
  31. ^ Truong, Alice (28 April 2016). "Yelp increases wages after firing an employee who was critical about her low pay". Quartz. Retrieved 11 July 2020.
  32. ^ Sisson, Patrick (2022-07-19). "Yelp's Decision on Return to Office Reverberating". Commercial Observer. Retrieved 2022-08-03.
  33. ^ a b Green, Alisha (April 19, 2018). "Yelp CEO: Company boards are asking about hiring outside of the Bay Area because housing costs are too high locally". San Francisco Business Times. Retrieved October 6, 2021. Stoppelman has been an outspoken YIMBY for years, opining on the housing crisis on his Twitter feed and pushing for less restrictive development policies in the Bay Area and across the state.
  34. ^ a b Dougherty, Conor (2020). Golden gates : fighting for housing in America (in Dutch). New York: Penguin Press. pp. 26, 219. ISBN 978-0-525-56021-0. OCLC 1119743965.
  35. ^ a b Pender, Kathleen (April 19, 2018). "Yelp CEO calls on Google, Facebook to help housing crisis". San Francisco Chronicle. Retrieved October 6, 2021. one of its biggest supporters — Yelp CEO Jeremy Stoppelman
  36. ^ Li, Roland (March 30, 2015). "Pro-density renters group grows, snags tech giant CEO gift". San Francisco Business Times. Retrieved October 6, 2021.
  37. ^ Honan, Mat (November 5, 2019). "Jeremy Stoppelman's Long Battle With Google Is Finally Paying Off". BuzzFeed News. Retrieved October 6, 2021.
  38. ^ Dougherty, Conor (June 1, 2017). "Inside Yelp's Six-Year Grudge Against Google". The New York Times. Retrieved October 6, 2021.
  39. ^ Marino, Andrew (August 25, 2020). "Yelp CEO Jeremy Stoppelman welcomes you to Team Antitrust". The Verge. Retrieved January 11, 2022.
  40. ^ Hinchliffe, Emma (June 6, 2022). "Remote work made figuring out its abortion policies even more critical for Yelp". Fortune. Retrieved September 30, 2022.
  41. ^ Glazer, Emily (June 24, 2022). "Yelp Chief Urges Business Leaders to Speak Out on Decision". The Wall Street Journal.
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