Glassdoor: The Fundraising Journey (B)

Case Solution

Robert Siegel, Amadeus Orleans
Stanford Graduate School of Business ()

Robert Hohman had come a long way from being a junior engineer at Microsoft in 1993 to the challenge of building Glassdoor from scratch to being valued at over $ 1 billion in 2018. From his spacious office with a picturesque view of Richardson Bay in Mill Valley, California, Hohman now faced one of the most important decisions of his life. Glassdoor, the company he founded with Rich Barton and Tim Besse in 2007, had grown steadily over the years. It has been driven by a number of different investors and venture capital firms in different circumstances and transaction structures. Like most startup founders, they expected to go public at some point. Then in early 2019, when it seemed like the company was finally ready to go public, one of its biggest competitors submitted an offer that was hard to refuse.

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