LinkedIn Joins Elite $1 Billion Club

Financial Times:

The biggest online social network intended for professional use has been valued at more than $1bn, putting it among a small group of private internet companies to have crossed that threshold before going public.

LinkedIn, whose members use the site to do things such as making professional contacts, recruiting staff or finding new jobs, said it had raised $53m from a group of venture capitalists led by Bain Capital, taking the total raised to $80m in all.

Read the whole story: Financial Times