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Yes, I like LinkedIN, and am one of the very early users, from the early days before social networks become trendy. Simply because, unlike some of the more fashionable networks, I actually found it useful for business.
But is it worth One Billion Dollars? Apparently it is - if you ask Bain Capital Ventures, Sequoia Capital, Greylock Partners, and Bessemer Ventures, who just invested a whopping $53M with the even more whopping $1B valuation. $53 million is a decent exit for some startups - but LinkedIN has about $100M in annual revenues. Still, I really wonder what kind of stratospheric exit (IPO) valuation the current investors expect.
Update (6/18):Â In celebration of entering the Billion-Dollar Club, LinkedIn is down.
Tags: ipo, LinkedIn, Social Networking, Social Networks, Startups, valuation, vc investment, venture Capital
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