Richard Johnson (entrepreneur)
Richard Johnson is an American entrepreneur. As one of the first Silicon Alley pioneers, he started Hotjobs.com in 1996.
Biography
Johnson graduated from Bucknell University, where he was a member of Kappa Sigma. 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, went public and raised over $165 million before the year was over.
By 1998, the company produced $4 million; in 1999, $20 million; and by 2000, more than $100 million. 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. 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
- ↑ Nathan (2007-04-03). "Lessons from Richard Johnson, HotJobs | Nathan Snell's Blog (Moved to The Technopian)". Giddlebits.wordpress.com. Retrieved 2010-08-11.
- ↑ "Monster to Acquire HotJobs Business and Enter into Multi-year Traffic Agreement with Yahoo!". press release. 3 February 2010. Retrieved 3 February 2010.
- ↑ "Business News for IT Managers". Internetnews.com. 2001-03-02. Retrieved 2010-08-11.
- ↑ "HotJobs.com - Press Release". Web.archive.org. Archived from the original on 2003-10-16.