I hope you know the famous LinkedIn portal on which you can create your profile, describe your job expirience and found a good job opportunieties. Do you have your profile created there? Let's see what success LinkedIn achieve....
LinkedIn Joins the Billionaires' Club. The portal page is worth of $1 billion—and big plans are afoot.
LinkedIn is joining the Web 2.0 high rollers' club. The professional networking site, home to some 23 million affluent users who sign up to find jobs, hire talent, and connect on projects, is about to become one of the select few social-media companies to attain a valuation of more than $1 billion.
On June 17, LinkedIn announced a $53 million round of funding led by Boston's Bain Capital Ventures. LinkedIn's previous investors, Bessemer Venture Partners, Sequoia Capital, and Greylock Partners, were also part of the latest round. The companies are acquiring a 5% stake that values LinkedIn at $1.015 billion.
The only companies to have attained as high a valuation are YouTube, which was purchased by Google (GOOG) for $1.65 billion in 2006, and Facebook, valued at $15 billion by a $240 million investment by Microsoft (MSFT).
LinkedIn plans to use the funding round both for acquisitions and to add technology that can better help the site's members find, communicate, and collaborate with one another, says CEO Dan Nye: "We have a long list of things our members are asking us to build and a list of investments we need to deliver that functionality,". LinkedIn is expanding internationally, adding its application to mobile phones, and rolling out new premium features.
LinkedIn expects to have 30 million to 35 million members by the end of 2008. The tally of registered users may double, to as high as 70 million by the end of 2009, executives say. And LinkedIn's audience demographics are gold-plated. The average user is 41 and has a household income of $109,000. The site commands some of the highest ad rates on the Web.
If you don't have a profile created yet, visit the site http://www.linkedin.com/ and do it as fast as possible :))
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