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PayScale

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Launched in 2002, database of salary information” to help employees find their worth. Users disclose detailed information about their job function and compensation. In return they get access to detailed salary information in the database, including custom reports based on salary, bonus, commission, hourly rates, health and vacation benefits.

The basic service is free. PayScale generates revenue by upselling users to premium accounts and by selling subscription software and data for creating and managing competitive compensation programs to business customers.

Recent Milestones

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  PayScale added Timothy Low as VP of Marketing. (10/1/11)
  Posted 6/19/12 at 1:17pm
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  PayScale received $7M in Venture Round funding. (7/5/11)
  Posted 7/5/11 at 5:40pm via finsmes.com
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  PayScale received $1.25M in Venture Round funding. (12/9/09)
  Posted 12/9/09 at 3:29pm via sec.gov
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  PayScale received $227k in Venture Round funding. (2/6/09)
  Posted 12/9/09 at 3:29pm via sec.gov
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  PayScale received $2.02M in Venture Round funding. (1/9/09)
  Posted 12/9/09 at 3:29pm via sec.gov
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  PayScale added Dave Smith as Chief Revenue Officer. (1/1/09)
  Posted 6/19/12 at 1:17pm
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  PayScale received $10.3M in Series C funding. (7/1/07)
  Posted 7/31/07 at 8:57pm via mashable.com
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  PayScale received $7M in Series B funding. (10/1/05)
  Posted 7/31/07 at 8:55pm via findarticles.com
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  PayScale added Betsy Ribera as VP of Consumer Marketing. (12/1/04)
  Posted 7/27/07 at 8:13pm
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  PayScale added Geary Eppley as VP of Business Products. (11/1/04)
  Posted 4/9/13 at 2:34pm
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  PayScale received $3.2M in Series A funding. (10/1/04)
  Posted 7/31/07 at 8:50pm
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  PayScale added Douglas Tarr as VP Consumer Products, Chief Architect. (1/1/00)
  Posted 4/6/12 at 11:00am
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  PayScale added Matt McIlwain as Board.
  Posted 7/27/07 at 8:15pm
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  PayScale added Denny Weston as Board.
  Posted 7/27/07 at 8:15pm
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  PayScale added Patricia Nakache as Board.
  Posted 7/27/07 at 8:16pm
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  PayScale added Andy Dale as Board.
  Posted 7/27/07 at 8:16pm

Videos

Screenshots

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Products

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MarketRate

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PayScale

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Website	payscale.com
Stage	Live
Launch Date	2002
Tags	salary, pay, job, compensation, jobs

Founder Joe Giordano has referred to PayScale as the Kelly Blue Book for jobs. With over 7 million profiles in their database PayScale helps users figure out how much they should be making.

To get started, users spend about five minutes entering personal info relating to job type, experience, salary, benefits and education. Users are then presented with a free comparison report showing an expected compensation range, common benefits and job opportunities. For $20, PayScale Premium gives you real salaries from anonymous profiles, a premium salary report and negotiation guide.

Overall PayScale offers a useful service that gives significant value back to the user for spending time adding content to their database.

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Sources

1. Citation Needed [add]
2. findarticles.com [edit]
3. mashable.com [edit]
4. SEC D (sec.gov) [edit]
5. SEC D/A (sec.gov) [edit]
6. SEC D/A (sec.gov) [edit]
7. PayScale Secures $7M (finsmes.com) [edit]