Hybrid: Founder & Corporate - Yelp

Alicia_Schmidt — Wed, 06 Mar 2024 21:40:34 GMT

Jeremy Stoppleman, CEO

1% of equity via co-founder’ and CEO personal holdings & Corporate equity; Transferred pre-exit.

“Technology is changing the world, and it is critical that we ensure it is for the better. Pledge 1% is a platform that enables companies to express their core values in the form of positive impact.”

• Pledge 1% member: since August 2015

• Pledge Types: Equity, Time

• Stage: Private, Series F

Timing of commitment:

Late stage: Series F

Vehicle:

Over 5 years (pre exit)

Equity source:

Hybrid: Founders/CEO & Corporate

Funding schedule:

Company transfers 0.2% a year for 5 years (pre exit)

Investor dilution:

Over 5 years (pre exit)

% Upfront:

0.2% corporate equity & unknown founder equity

“Top off”:

N/A

Donor-advised fund:

Yes - Silicon Valley Community Foundation

article Hybrid: Founder & Corporate - Yelp in Equity Case Studies