- ... What do you have to say? 0 Comments
LinkedIn Received $53 Million for their Professional Social Network
LinkedIn received $53 Million in a Series D round with funding from Bain Capital Ventures, Sequoia Capital, Bessemer Venture Partners and Greylock Partners. Most recent C round was $28 Million for LinkedIn.
What does LinkedIn do?
LinkedIn is an online business networking site.
LinkedIn is looking to go public and with this round of funding they may just do that.
You may join LinkedIn for free and create a profile, with information such as your schooling, current employment, and past employment. Your profile helps you find and be found by former colleagues, clients, and partners.
You may add others as connections by inviting them to join LinkedIn or finding them through the search function. Once they accept your invitation they become part of your network. Why do you want a network? Let`s assume you are looking for a job at XYZ company and you see the HR Director is a member of LinkedIn. You also note that your friend Joe is connected to the HR Director. Therefore you ask Joe to make an introduction, since Joe is a trusted connection of the HR Director, his introduction makes it to the them and you are soon contacted directly by the HR director. Many other uses apply.
From the LinkedIn site “Your network consists of your connections, your connections connections, and the people they know, linking you to thousands of qualified professionals.”
Here is an example of my profile on LinkedIn here.
Take a look at LinkedIn.
Read more about Sequoia Capital here.
Read more about Bessemer Venture Partners here.
Read more about Greylock Partners here.
Read more about Bain Capital Ventures here.