Judy's Book
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| Type of business | Private |
|---|---|
Type of site | Local Social Search, Local Ratings and Reviews |
| Headquarters | , |
| Area served | Worldwide |
| Founder(s) | Andy Sack (Co-founder) Chris DeVore (Co-founder) |
| Key people | David Niu (board member) Geoff Entress (board member) Andy Liu (board member) Mike Ma (board member) Ali Alami (General Manager) |
| Industry | Internet |
| Employees | 7 |
| Subsidiaries | snappd |
| URL | www |
| Advertising | Banner ads, referral marketing |
| Launched | 2004 |
| Current status | Active |
Judy's Book is a U.S. social search tool and online yellow pages to locate and review local businesses and professional services.[1]
History
[edit]In 2004, Andy Sack (Founders Co-op, Kefta, Abuzz, Firefly Network)[2] and Chris DeVore (Founders Co-op, Sapient Corporation, Adjacency)[2] founded Judy's Book with a US $2.5 million seed funding that they were able to raise.[3] The social networking-based local search tool allows small businesses to promote themselves and users to browse through listings to locate businesses and professionals in their area and rate and review their experiences.[2][4]
Marketing tactics
[edit]In 2005, in an effort to get the website off the ground, the company offered iPods to anyone who submitted 50 reviews of local businesses. While the then-owners and founders of Judy's Book, Andy and Chris, refused to reveal how many people won iPods or how many reviews were submitted, Sack announced that their marketing efforts were successful as the website saw a 50–60% increase in reviews and member registrations every month.[5]
In 2006, the website gave out $100 gift certificates every day from February 16 until March 5 to the person who had written the most reviews that day.[6][7]
Also in 2006, in an attempt to further increase traffic to the website, Judy's Book announced that it was partnering with Local.com.[4] All reviews written on Judy's Book were included in Local.com's search results.[4]
In 2006, Judy's Book claimed trademark on the term social search.[8][9]
Collapse
[edit]The company changed focus in 2006 when it appeared that its original business model was failing. The company moved towards the shopping angle and local deals.[10] However, after burning through $10.5M in capital that had been raised over the three years of its operation, and unable to generate enough revenue to keep the website afloat, the company began looking for a new buyer.[11] The CEO announced the company would be shutting down operations in October 2007.[12][10]
Change of ownership and management
[edit]In October 2008, nearly one year from the day Judy's Book laid off nearly all of its staff and was declared "deadpooled", Seattle-based angel investors Geoff Entress Madrona Venture Group, David Niu (founder of BuddyTV) and Andy Liu (CEO of BuddyTV) bought the company from the original founders, Andy and Chris.[13][8][14] The group are currently working together on another venture capital, Founders Co-op. However, in an interview with one of the owners, Andy Liu noted that the purchase of Judy's Book took place before they invested in the Internet incubator, Founders Co-op. While none of the investors were willing to reveal how much was paid in its acquisition, it is assumed to be far less than the $10.5M the original founders had put in the start-up.[13] The website is currently led by General Manager, Ali Alami.
In June 2012, the new management of Judy's Book, Ali Alami, launched KidScore which is an out-of-glance measure of a location's friendliness towards children.
In 2017, Judy's Book was acquired by Advice Interactive Group, a local search company. url=http://www.advicelocal.com
References
[edit]- ^ "Posts about: Judys-Book". Tech Crunch. 27 October 2008. Retrieved 7 March 2011.
- ^ a b c Cook, John (2 September 2004). "Venture Capital: Checkbooks open for Judy's Book startup". SEATTLE POST-INTELLIGENCER. Retrieved 7 March 2011.
- ^ Kontzer, Tony. "Local Search Market Heating Up--Local search companies such as Judy's Book and TrueLocal are finding a niche in Google's shadow". Information Week. Retrieved 7 March 2011.
- ^ a b c "Judy's Book, Local.com Partner". Northwest Innovation. Retrieved 7 March 2011.
- ^ TEDESCHI, BOB (15 August 2005). "An IPod for Your Thoughts: A Web Site Offers Incentives to Reviewers". New York Times. Retrieved 7 March 2011.
- ^ "Earn Rewards for Sharing Your Advice; Judy's Book Will Give Away $100 Gift Certificate Every Day To Person Who Writes the Most Reviews". dBusiness News. Archived from the original on 26 August 2011. Retrieved 7 March 2011.
- ^ "Judy's Book Starts Gift Certificate Promotion". Northwest Innovation. Archived from the original on 2006-11-19. Retrieved 7 March 2011.
- ^ a b Cook, John. "Judy's Book reborn with new investors". Tech Flash. Retrieved 7 March 2011.
- ^ Mills, Elinor. "Judy's Book gets trademark for 'Social Search'". cnet News. Retrieved 7 March 2011.
- ^ a b Arrington, Michael (24 October 2007). "Judy's Book To Shut Down. Yelp Is The Last of The Local Review Sites Still Standing". TechCrunch. Retrieved 18 May 2017.
- ^ Cook, John (23 October 2007). "Judy's Book cuts staff, looks for a buyer". SEATTLE POST-INTELLIGENCER. Retrieved 7 March 2011.
- ^ Kaplan, Dan (24 October 2007). "Judy's Book follows BackFence, collapses". Venture Beat. Retrieved 7 March 2011.
- ^ a b Arrington, Michael (15 July 2005). "Profile – Judy's Book". Tech Crunch. Retrieved 7 March 2011.
- ^ Krasilovsky, Peter. "How Yelp Beat Judy's Book". Digital Media Wire. Archived from the original on 2 January 2010. Retrieved 7 March 2011.