Yelp was founded in San Francisco in July 2004 to connect people to great local businesses. We became Yelp's first institutional investor in 2005. Shortly after our investment, Yelp's team of about a dozen people moved into a shuttered stereo store on San Francisco's Mission street. The location had an unexpected upside: Yelp board meetings took place in a padded room once used to demo loud set ups, which ensured that those confidential conversations would not be overheard. Today, that seems like ancient history. Yelp went public in 2012 (NYSE: YELP) and now has active communities in 32 countries around the world. With more than 90 million rich, local reviews, Yelp is the leading local guide for real word-of-mouth on everything from boutiques and mechanics to restaurants and dentists.