Docstoc founder Jason Nazar’s stealth startup has launched itself publicly as Comparably, a platform that provides compensation data for public and private companies.
Employees can share their salary anonymously on Comparably.com, allowing them to compare their earnings to what others make in similar work environments. The website also allows employees to share and discuss work culture topics, as well as subjects surrounding pay, perks and gender pay disparity. Initially, the startup will focus on comparing tech industry salaries before expanding to other sectors.
“Our vision is to make work dramatically better for millions of employees and companies by demystifying compensation and culture,” Chief Executive Jason Nazar said in a statement. “You’ll finally be able to reliably see how much money you should be making and what experience your peers are having at work.”
Nazar founded Docstoc of Santa Monica in 2007, an online platform where small business owners could download basic document templates, such as nondisclosure agreements, business incorporation paperwork or business plans. Docstoc was bought by Intuit in 2013 for a reported $50 million and discontinued last year.
Comparably also announced that it has raised $6.5 million in a seed round led by Crosslink Capital with participation from Upfront Ventures, Lowercase Capital, Alpha Edison, Crosscut Ventures, Ludlow Ventures, Cornerstone OnDemand, 500 Startups, Pritzker Group, Rincon Venture Partners, Accelerator Ventures, Bam Ventures and David Sacks.
Technology reporter Garrett Reim can be reached at greim@labusinessjournal.com. Follow him on Twitter @garrettreim for the latest in L.A. tech news.
