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Online restaurant reservation site OpenTable went public today. And at the prices it is trading at, it’s a startling sign of hope in the down economy (TechCrunch reported it surging to $30 a share as of 11am PST).
As the San Jose Mercury news reports, OpenTable and SolarWinds‘ debuts on Wall Street marks the end of a “15 month drought” for Silicon Valley start up companies. Venture capitalists are celebrating, and it’s a triumph no doubt for OpenTable they weathered the first dot-com bubble and now appear to be doing quite well in this recession. However, what is interesting about OpenTable is the way they are making their dough, so to speak.Â Continue reading “OpenTable – business model to go?”