Glassdoor, a jobs site that raised $50 million in December to accelerate its global expansion, is bringing on a chief financial officer — typically the first step toward an initial public offering.
The Sausalito, Calif.-based startup announced today that it has hired Adam C. Spiegel, who left his chief financial officer role at RPX Corporation to join the Glassdoor team. At RPX, he constructed the company’s finance organization and led it through a $185 million IPO. He previously worked as finance chief for two early-stage life sciences companies. He’s also been an investment banker.
On Spiegel’s LinkedIn page, the finance executive lists IPOs as one of his specialties.
“While Glassdoor has been architected to be a public company, we can’t speculate on when or if that might happen,” Glassdoor spokesperson Scott Dobroski told VentureBeat. “However, what’s really important to point out is that if an IPO is in Glassdoor’s future, it would represent just one milestone in our company’s history, as we remain laser-focused on the long-term.”
Founded in 2008, Glassdoor features listings for job seekers, but it also lets employees anonymously rate their bosses, salaries, company culture, and other details typically restricted to office whispers. Those private details help potential applicants consider whether a company is the right fit for them.
Over 1,500 companies pay Glassdoor for its suite of recruiting, branding, and analytics tools, according to the company, which said revenue is up 150 percent year-over-year. AT&T, Box, and Spotify are some of its customers.
Glassdoor currently has around 200 employees and plans to hire another 100 over the course of the year. The company says it has more than 22 million members and six million pieces of content, including company reviews and salary reports. About a quarter of its traffic comes from outside the U.S.
Following Glassdoor’s $50 million funding round, led by Tiger Global Management in December, the company’s total financing is roughly $93 million.