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.
From Connie:
According to Dan Nye, CEO of LinkedIn, on his June 18th CNBC interview, said they currently have four revenue streams:
- advertising
- paid subscriptions
- job postings
- corporate sales