Business-networking site LinkedIn announced on Tuesday evening that it had netted $53 million in a Series D funding round led by Bain Capital Ventures and with participation from existing investors Sequoia Capital, Greylock Partners, and Bessemer Ventures. CEO Dan Nye wrote in a blog post that this values the company at a smidgen more than $1 billion.Rumors floated this spring that the company was aiming for a billion-dollar valuation on a new funding round, rather than seeking a buyer. Previously, the company had raised $27 million. Chairman and co-founder Reid Hoffman has said that it'll likely go public … Read more
TechCrunch reports that investment bank Allen & Co. is hoping to help LinkedIn pull in that funding at a $1 billion valuation.
Oh, Valley gossip: VentureBeat speculates we might soon hear about some big company buying business social network LinkedIn. The evidence? A board meeting that "went way over the scheduled time," and sources who say "good news" is on the way. Even VentureBeat admits it's a stretch, but asserts that "something's up."
LinkedIn isn't commenting. VentureBeat later added a note suggesting that the "good news" might be additional funding, not an acquisition.
One of the frustrating things about an open-source business is you don't generally know who is using your software. The paid customers you know, of course, but generally this represents a small fraction of the total user base.
In Alfresco's case, roughly 30,000 people download our software each month. Of those, maybe 4,000 to 6,000 register for documentation or give us their contact information in some other way.
Larry Augustin gave an excellent presentation [PDF] on this recently at OSBC. He talked about how to engineer a product to maximize conversions from downloads to dollars.
Today I found a new way. LinkedIn. What do I mean? And is this only something for open-source vendors?… Read more
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Now that Yahoo has finally and officially signed on to the OpenSocial API bandwagon (see Techmeme), the company that Microsoft might buy has joined with MySpace.com and Google to create the OpenSocial Foundation. Facebook is still missing in action, considering whether joining the OpenSocial Foundation is in the best interests of its membership--or its own platform.
OpenSocial provides a useful piece of functionality, solving a developer problem by allowing applications developed with the APIs to run on different services without modification--write once, play many. A photo-sharing application could tap into the social graphs of Orkut, Bebo, MySpace, Ning, or … Read more
So, the other day I posted about how you can fit LinkedIn into your SEO and Web marketing mix through optimizing the links within your profile as well as linking back to your public LinkedIn profile, participating on LinkedIn Answers, and optimizing member profiles. Of course LinkedIn is built around individual members, so business interaction is very individual to individual ... there's something kind of nice about this, more personal feel.… Read more
I'm one of the 20 million-plus members of LinkedIn but would be flummoxed for a good answer if you asked me why. The truth is that if I didn't need to keep tabs on what's new and groovy in the tech world, I very much doubt I'd bother.
Why? It's as captivating as a sack of russet potatoes.
The site just doesn't inspire or engage and I have no reason to visit other than to answer requests - usually from perfect strangers--to become "linked in." But reading about the rollout of the … Read more
Professional networking site LinkedIn has launched the beta version of its business directory, called LinkedIn Company Profiles, with data provided by BusinessWeek and Capital IQ supplementing LinkedIn's member information. Over 150,000 companies and organizations are indexed in the directory, working it into a Hoovers-esque database that ties into LinkedIn's social features.
A LinkedIn Company Profiles page includes a number of basic statistics pulled from BusinessWeek's database, such as company size and history. But for the most part, the rest of the business' page consists of information from employees of that company who have LinkedIn profiles, like … Read more
It's interesting how aspects of our lives come into play. Prior to joining this Web revolution, or evolution, depending on your point of view, I worked in the world of consumer packaged goods. I developed and managed some of the office products that most of you probably use everyday. I became fairly familiar with even more products that I didn't manage, but was naturally exposed to. One of these was the Rolodex brand card file products after that parent company was acquired.
Even though I didn't manage the product line, there was always something intriguing about the … Read more