LinkedIn is Worth $1 Billion

The New York Times ran an article on LinkedIn in Yesterday’s paper: At Social Site, Only the Businesslike Need Apply. (by Brad Stone)

Most interesting was the value assigned to the company as part of a new capital investment. Bain Capital invested $53 million. Apparently this was approximately 18.9% 5.3% of the company, because they used a $1 billion valuation for the company. LinkedIn also claims that it is already profitable.

Update:Fixed my math calculating the percentage.

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