Wednesday, June 18, 2008

Venture firms gambling LinkedIn is worth $1b - The Boston Globe

Interesting times

Four venture capital firms are betting LinkedIn Corp. is worth $1 billion, highlighting the lofty hopes riding on online services that connect people with their friends, family, and business associates.

    The 10-figure valuation is implied by a $53 million investment being revealed today by Bain Capital Ventures, Sequoia Capital, Greylock Partners, and Bessemer Venture Partners.

    Venture firms gambling LinkedIn is worth $1b - The Boston Globe

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