Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead Congresswoman Carloyn Maloney advocacy and community relations in New York. She graduated from Columbia University in 2003, where it was ... ? Read More
After Jive IPO filing, $ 100 million yesterday, local business reviews site Angie's list is throwing its hat into the ring, S-1 this afternoon. Volia raises $ 75 million, according to the filing.
As we wrote in the past, Angie's list offers consumers the ability to analyse and evaluate physicians, contractors and service companies on the Internet. The company started in 1995, with an emphasis on House, yard and car services in the field, is located at the intersection of local search, user generated content and subscription based services. Today, Angie's list has created nearly 100 million dollars from battery ventures, t. Rowe Price, city investment group, Cardinal enterprises and others.
June 30, 2011, the company offered its service for paying members of 170 local markets in the United States. Angie's list has grown to 820000 paid membership, whose growth was primarily due to its national advertising strategy. However, shelling out big bucks for the maketing advertising, marketing expenses for the acquisition of new members in 2010, and, accordingly, 30.2 million and $29,2 million in the first six months of the year 2011.
In 2010, and six months ended June 30, 2011 year, Angie list income amounted to $ 59.0 to $38,6 million, respectively. In the same period, the company had a net loss of $27,2 million and $25,8 million, respectively.
The company alleges that since 1995, the site gathers feedback from 2.2 million of local services suppliers from members.
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