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CASE STUDY
Glassdoor, a website for job seekers, employees and employers

Glassdoor is the worldwide leader on insights about jobs and companies.

Background:

Built on the vision of increasing workplace transparency, Glassdoor was founded in 2007 by veteran internet entrepreneurs Robert Hohman, Rich Barton and Tim Besse. Today, Glassdoor delivers job seekers everything they need to be well-researched and informed about jobs and companies, offering company and CEO ratings, reviews, salary reports, interview questions, benefits reviews, office photos and much more.

Understanding the powerful moat around a business that customer ratings and reviews can create (having backed Angie’s List and Bazaarvoice), Battery was eager to engage Glassdoor. So, in 2011, Battery led the company’s series C funding round, just as Glassdoor began to monetize its business. At the time, Glassdoor had only realized about $1 million in annual recurring revenue.

Battery Impact:

  • With its strong background in business-to-business (B2B) software, Battery uniquely complemented Glassdoor’s existing board, which at the time included many business-to-consumer (B2C) experts.
  • Battery leveraged its expertise to help build out Glassdoor’s B2B business. Acting as advisors on Glassdoor’s sales model, the Battery team also introduced widely regarded B2B sales expert John McMahon to Glassdoor as an advisor.
  • Partnering with Glassdoor on many joint-marketing initiatives, Battery worked with Glassdoor to launch the Battery Ventures Highest-Rated Cloud Computing Companies to  Work For list, which ranks the top public and private cloud computing companies in terms of employee satisfaction.

Outcome:

In 2018, Glassdoor was acquired by Recruit Holdings for $1.2 billion. Glassdoor now operates as a part of Recruit Holdings’ HR Technology business segment.

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Glassdoor Related ARTICLES

The presented case study investment was made in particular economic and market conditions. There can be no assurance that Battery Venture would elect, or be able, to exploit similar opportunities in a similar manner under similar or different economic and market conditions. More generally, there can be no assurances that the Battery vehicles will have comparable investment opportunities in the future. No assumptions should be made that any investments identified above were profitable. It should not be assumed that recommendations made in the future will be profitable or comparable to the portfolio company described in this case study. For a full list of all Battery Ventures investments, please click here.

Details
Focus area
Consumer
INVESTED
2011
STATUS
Acquired by Recruit Holdings
Location
Sausalito, California
STAGE
Early
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