LinkedIn IPO
Reuters has reported that LinkedIn is headed for an IPO. This will make it one of the first social networks to go public. The company claims to have 12 million users, and is likely to have $100 million in revenue by 2008.
LinkedIn was founded by Reid Hoffman in the year 2003 and he managed the company as the founding CEO for the first four years before moving to his role as Chairman and President, Products in February this year.
LinkedIn is located in Mountain View, California and is funded by world-class investors including Sequoia Capital, Greylock, the European Founders Fund, and Bessemer Venture Partners
In December 2006, Xing , the so-called “LinkedIn of Europe”, raised 35.7 million Euros in an IPO. Compare this to the Infoedge IPO, which helped Info Edge raise Rs 170 crore.
The LinkedIn Blog however does not have a mention of this story. I would write more about the Blog in my next post.
3 comments:
This is informative. Linkedin simply rocks. Its a pity that we have no local linkedin.
What will a local linkedin do which the original doesnot. I feel in a large way internet has transcended geographies and boundaries. there might be me toos but people who use Linkedin or Google will continue to do so unless some other compelling product innovation is done.
The other notable investors in LinkedIn include Peter Thiel who has also invested in Facebook. Looks like the LinkedIn IPO is going to be a closely watched one.
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