Sunday, November 23, 2008

LinkedIn 30m users, 10m cy 06 rev, 100m cy08 rev, 1b valuation


"Since leaving Advent Software and taking the helm of LinkedIn in February 2007, the 42-year-old has shepherded growth in all aspects of the service. Membership has swelled from 8 million to more than 30 million, while the staff has expanded from 60 to 370 employees.
And, the site is making money. Although as a private company, LinkedIn doesn't release dollar figures, Nye says it's been profitable for several years. Reports place that revenue at $100 million for 2008, up from $10 million at the end of 2006.
In June, the company raised funds at a $1 billion valuation.

"According to Nielson Online, LinkedIn of Palo Alto was the fourth-fastest-growing social-networking site in September, behind, and Ning - and ahead of Facebook.
Meanwhile, it's the fourth-largest social-networking site, following, Facebook and Classmates Online. "

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