LINKEDIN: LinkedIn has raised $53 million

http://www.techcrunch.com/2008/06/17/linkedin-raises-53-million-at-billion-dollar-valuation

LinkedIn Closes Its Round; Got That Billion Dollar Valuation
Mark Hendrickson

*** begin quote ***

LinkedIn has raised $53 million from Bain Capital Ventures, Sequoia Capital, Greylock Partners, and Bessemer Ventures. The investment values the business social network at just over $1 billion.

*** end quote ***

Yeah, LinkedIn wasn’t doing anything!

As a commenter recently and harshly took me to task about!

So, do you think those folks GOT ANYTHING for their 53 Mil?

:-(

Now what will they try to do to the users. Still no competitor in sight to knock them off.

# # # # #

This entry was posted on Wednesday, June 18th, 2008 at 19:45 and is filed under LINKEDIN. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to LINKEDIN: LinkedIn has raised $53 million

  1. BostonTweet's avatar Tom OKeefe says:
    Thursday, June 19, 2008 at 01:29

    Based on revenues of $100 million (with zero costs) LinkedIn is valued (according to Bizak Calculator) at $399,999,984 – 40% lower than their recent valuation of $1 billion. Using the Bizak Calculator based on 20 million subscribers you get earnings of $0.42 per subscriber. Computing EPV for the 5.6 million active visitors then LinkedIn earns $1.49 per visitor.

    Like

Please leave a Reply