The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

Yelp's IPO sure was a frothy one, with the company experiencing a 60% pop mid-day. Some investors will feel like they missed out, while others are glad not to jump in on a company that's white-hot right now. Austin actually sees another indirect way to play the Yelp IPO. It's a unique and more risky way to profit, but if the "LinkedIn Effect" plays out the way Austin thinks it may, it could be another easy buck for your portfolio.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Costco Wholesale, LinkedIn, and TripAdvisor. Motley Fool newsletter services recommend Costco Wholesale and LinkedIn. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.