1 posts and columns on David Cowan

LinkedIn Raises $53 Million at $1 Billion Valuation

in News on June 17, 2008 at 5:43 pm PT

In a much-expected financing, LinkedIn has joined the big funding club (Slide, Spot Runner) of late, by raising $53 million at a startling $1 billion valuation. Why go public when you can just pretend? Actually, unlike a lot of Web 2.0 start-ups, the professional-networking site has been profitable since 2006. The new slug of cash comes from new investor Bain Capital Ventures, along with existing investors Sequoia Capital, Greylock Partners and Bessemer Ventures.
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