(NASDAQ: FB ), the California-based technology company that owns several social media platforms. He was one of the earliest investors in Facebook, Inc. Thiel has made a name for himself on Wall Street by investing in early stage companies with explosive growth potential. Thiel, often referred to as the man with the golden touch due to his investment exploits, will provide the early stage companies that SNO invests in with growth and scaling advice. The fund aims to tap into the rich tech startup culture in Norway, Sweden, Denmark, Finland, and Iceland. So we'll just have to see.Peter Thiel, the German-American entrepreneur who is one of the most successful investors in the United States with a net worth of over $5 billion, recently joined a new $100 million fund setup by SNO Ventures, a venture capital firm based in Norway. RACHELLE AKUFFO: We'll have to see, though, because some of these mandates, they don't work. Not 100%, but far more than the sub 40% that we've seen thus far. I believe that because of the economic conditions, we are going to be forced back into the office. And you wonder, are those people that are just less inclined to jump in and be loud on a Zoom, are they going to be hurt by this? Look, I'm Team Elon on this. RACHELLE AKUFFO: You know? But then you feel bad for them because it's like, well, they want to get to know everybody and have their-ĭAVE BRIGGS: Right, we need a nickname for that person.ĭAVE BRIGGS: The person who tries to dominate the Zoom. RACHELLE AKUFFO: Just to make your presence felt. RACHELLE AKUFFO: Well, then, you have to be that annoying person who's always, like, chiming in on, like, the Zoom.

So I think that part-ĭAVE BRIGGS: How do you climb the ladder when you're working from home, if you're not-ĭAVE BRIGGS: -in front of the boss, if you're not interacting with people? Like, if you're hired purely remote, you'll never get to know what it was like to work at Yelp sort of in its heyday, with, like, the company culture. But then I feel like when it's just purely remote work, sometimes you don't really get a sense of the company culture. When they're home and they want your attention and you have all these different distractions, it can be difficult to sort of dedicate that time and that space. RACHELLE AKUFFO: So, honestly, during, like, the school year, it was easier. What's your take on that, the productivity angle of it? Whereas at home, there's a yard, there's kids, there's a dog. You're communicating and you're forced to stay on task. I am 20% as productive working at home as I am here in an office, where your energy level is up, you're surrounded by coworkers. I find working from home completely counterproductive. Now I'm curious what you think because you do work from home. 87% of Yelp employees claim they are more productive working from home. The other number that really stood out to me here is their employees at least claimed- and I'd love to hear what you people have to think about this. They are going to keep the majority of their offices open. So for them, it was a no brainer in those three cities. I do not think that represents most major corporations. What are your thoughts on this? A lot of us are wondering, is remote work over? But then now you have companies like Yelp.ĭAVE BRIGGS: That stat, 2% utilization of their space in DC, Chicago, and New York, that is a startling statistic. The CEO also noted that Yelp has proven it can be successful in a remote-only environment, as it achieved record revenue of over a billion dollars in 2021.

In a blog post, the Yelp CEO said that they've come to realize that, quote, 'The future of work at Yelp is remote,' as it's been using less than 2% of its major office space on a weekly average. RACHELLE AKUFFO: Online review company Yelp is shuttering its offices in Chicago, New York, and DC, as the company shifts to remote work. offices, and their preferences on workplace environments.

Yahoo Finance Live's Rachelle Akuffo and Dave Briggs talk about Yelp's pivot towards work from home as it closes several U.S.

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