Social Networking - Thursday, December 21, 2006
LinkedIn Doing $13M Round at $1/4B Valuation
Bambi at Marketwatch says that LinkedIn is set to close a new round of $13M at a $250M valuation. We don't know who will be the investors. Linkedin will make $45M to $60M next year and CEO Reid Hoffman predicts the company will hit $100M in 2008. Linkedin's 3 revenue streams areL sponsorships, subscriptions and job listings. About 45% of the revenue comes from subscriptions. Individuals pay $20 per month to be able to contact people outside their network, with paying subscribers at 1% - 2% of the members who get the service for free.
Read - Linked in Gets Down To Business (Marketwatch)
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