Richard Johnson (entrepreneur)

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Richard Johnson is an American entrepreneur. As one of the first Silicon Alley pioneers, he started Hotjobs.com in 1996.

Biography[edit]

Johnson graduated from Bucknell University, where he was a member of Kappa Sigma.[citation needed] In 1999, Johnson mortgaged his house and all of his assets to raise around $1.5 million[1] to run a 30-second ad during the Super Bowl. HotJobs subsequently became the sixth-most recognized Internet brand in the world[citation needed], went public and raised over $165 million before the year was over.[citation needed]

By 1998, the company produced $4 million; in 1999, $20 million; and by 2000, more than $100 million.[citation needed] By 2001, the company was one of the few profitable dot-com companies; and by years end, it was acquired by Yahoo! for $468 million.[citation needed] In February 2010, it was announced that Monster.com would acquire HotJobs from Yahoo! for $225 million. HotJobs was shut down in favor of Monster.com, and Yahoo! established a traffic sharing agreement with Monster.com.[2]

After stepping down as CEO in 2001,[3][4] Johnson has been active on several non-profit boards focusing on those with community and conservation missions. He and his family currently reside in Wilmington, North Carolina.

References[edit]

  1. ^ by Nathan (2007-04-03). "Lessons from Richard Johnson, HotJobs | Nathan Snell’s Blog (Moved to The Technopian)". Giddlebits.wordpress.com. Retrieved 2010-08-11. 
  2. ^ "Monster to Acquire HotJobs Business and Enter into Multi-year Traffic Agreement with Yahoo!". press release. 3 February 2010. Retrieved 3 February 2010. 
  3. ^ "Business News for IT Managers". Internetnews.com. 2001-03-02. Retrieved 2010-08-11. 
  4. ^ "HotJobs.com - Press Release". Web.archive.org. Archived from the original on 2003-10-16. 

External links[edit]