Exclusive: OpenTable CEO Jordan Likely to Head to Silicon Valley VC Firm Andreessen Horowitz

Jeff Jordan, the president and CEO of OpenTable who unexpectedly stepped down from his job today at the online restaurant reservation leader, is set to take a job at a major venture firm in Silicon Valley. While Benchmark Capital was a big funder of OpenTable before it went public in 2009, sources said the likeliest home for the well-known Internet player–Jordan has also been a major exec at eBay–is Andreessen Horowitz.

OpenTable CEO Jeff Jordan Talks About Groupon, Mobile Growth and Why IPOs Aren't That Scary!

It was certainly high time that BoomTown made a reservation–oh, I had to make that pun–to check in with OpenTable CEO Jeff Jordan. The well-liked and voluble Silicon Valley exec–who had worked in a top job at eBay before moving over to the online restaurant reservation service and taking it public last year–has actually been up to a lot recently.

D7 Tech Demo: Siri

Many would-be augurs have been trying to pinpoint the moment the artificial intelligence overlord known as Skynet gets its start: Some may one day point to the launch of Siri. Siri is a virtual personal assistant, for your iPhone or computer, with a pedigree: It originated at the Stanford Research Institute and was spun out as an AI project financed by DARPA. Now, as an alternative to search, Siri is supposed to carry out tasks like finding your next outgoing flight or ordering a pizza by crawling the Web and conversing with the user, processing requests, responding and learning from the interaction. It will do this via a combination of technologies, including speech recognition, natural language processing and semantic Web search.
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The OpenTable Binge and Purge

For a company whose business is built on the recession-brutalized fine-dining industry, OpenTable’s IPO last week was impressive. Must have made for quite a windfall for the company’s larger investors. Especially those who took the opportunity to dump their stakes in their entirety.
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OpenTable Shareholders Apparently Booking Reservations in Empty Restaurants

Anyone who dismissed OpenTable’s IPO price of $20 as grossly overpriced has, in short order, been proven grossly mistaken. Shares in the online restaurant reservation company opened at $24.50 apiece, up 23 percent from its IPO price. As I write, they’re trading at $28.72 after topping out at $30–-more than double their original price range.
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Will OpenTable Be Just What Silicon Valley Ordered This Week?

One of the first Silicon Valley start-ups to go public in a long while–OpenTable–is expected to come to market this week, with venture firms hoping it will prove a tasty treat for Wall Street. Whether the $42 million initial public offering of the online restaurant reservation service proves to be a bellwether or not is unclear since its business has–despite strong revenue gains over the last two years–run up operating losses for much of its lifespan of more than 10 years. In any case, OpenTable is most definitely a creature of Silicon Valley. Its CEO, Jeff Jordan, is a former top eBay exec, and one of its VC backers is Benchmark Capital, among others.
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