Recent Blog Posts
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Where the Tech World Gathers
Feb 10 20125:46 pm EDT -
Obama Blacklisted From Popular New App
Feb 09 20125:20 pm EDT -
Thermostat Startup Nest Comes Out Swinging
Feb 09 201211:46 am EDT -
Apps and Email, Together at Last
Feb 08 20124:30 pm EDT -
The Future Cemetery
Feb 08 201210:15 am EDT -
Open Letter to Congress on SOPA: Take a Breath
Feb 07 20121:00 pm EDT -
Greatest Generation Company Sues iPod Generation Startup Nest
Feb 06 20123:46 pm EDT -
Path Cuts Through Social-Media Noise
Feb 03 201212:10 pm EDT -
Gift Apps That Keep on Giving
Feb 01 20125:19 pm EDT -
A Proxy Piece of the Facebook Pie
Jan 31 20125:00 pm EDT
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Is LinkedIn Worth $1 Billion?
Sam Gustin notes: LinkedIn has closed a $50 million funding round with Bain Capital Ventures, Sequoia Capital, Greylock Partners, and Bessemer Ventures that values the company at over $1 billion.
The companies now own 5 percent of the business-oriented social network. After four funding rounds, LinkedIn has raised over $80 million.
"If LinkedIn is able to reach it's goals and objectives in the coming years, this valuation of $1 billion will be looked upon as very cheap," said Mark Kvamme, a partner at Sequoia Capital.
LinkedIn has long stressed that it is the online social network for grown-ups.
"Because we're professional, we're not about having people waste time," LinkedIn vice president Patrick Crane told Portfolio.com earlier this year.
Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
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