Simply Hired Raises $3M from Silicon Valley Angels, Entrepreneurs
Search engine startup backed by Stanford technical advisor for Google, Ask Jeeves investor; Former Apple evangelist Guy Kawasaki joins board
MOUNTAIN VIEW, CA - Thursday, August 4, 2005 - Simply Hired (www.SimplyHired.com), a Silicon Valley search engine startup, today announced the company has raised $3 million in a Series B round of angel financing. Lead investors include Rajeev Motwani, a Stanford University computer science professor, early investor and technical advisor for Google, Inc. (Nasdaq: GOOG), Ron Conway, founder of Angel Investors, LP, early investor in both Google and Ask Jeeves, now part of IAC Interactive (Nasdaq: IACI), Kanwal Rekhi, successful serial entrepreneur and former CTO of Novell (Nasdaq: NOVL), and Garage Technology Ventures. The company will use the funds to continue product development and market expansion.
"We limited this round to strategic angels and experienced entrepreneurs to focus on accelerating the company's early growth and market development," said Gautam Godhwani, founder and CEO of Simply Hired. "The value we get from investors with operating experience is as much based on knowledge and guidance as monetary contribution, and is a tremendous validation of our business model." In addition to veteran angel investors, the round includes notable entrepreneurs Michael Tanne, founder of the Internet advertising company Adforce (Nasdaq: ADFC), James Hong, founder of top-50 Internet site HotOrNot.com.
The company also announced that Guy Kawasaki, managing director of Garage Technology Ventures will be joining the Simply Hired board of directors. "I was convinced we should invest when I found Simply Hired has five times as many 'evangelist' job listings as name-brand job sites," said Kawasaki.
About Simply Hired, Inc.
With over 3.5 million listings and counting, Simply Hired (www.SimplyHired.com) is the world's largest search engine for jobs. We aggregate and index data from a wide variety of sources including large and small job boards, newspaper and classified listings, and company websites. Our mission is to help people find their next job in the simplest, most effective way possible.
Simply Hired is a privately held company, headquartered in Mountain View, California.