According to TechCrunch, and VentureBeat, LinkedIn has raised $53 million from Bain Capital Ventures, Sequoia Capital, Greylock Partners, and Bessemer Ventures with a company valuation of $1 Billion.
According to VentureBeat, LinkedIn plans to buy other companies that will help it extend its reach and then plans to IPO. The following video, supplied by LinkedIn, features several of the investors absolutely gushing about their recent purchase. What struck a chord with me is that they seem to believe, as I do, that LinkedIn really gets professional networking and the value that an extended professional network can bring to an individual and his organization. The plural of anecdote may not be data, but it does seem to be bring in dollars in this case.
I know people who got married to people they met online, I guess it should not be at all unexpected that people can create businesses after first "hooking up" on LinkedIn.
Of course, Phil Yanov is on LinkedIn