LinkedIn, a networking site for professionals, has raised $53m (£27m) of new funding from investors.
The financing by venture capitalists values the Silicon Valley start-up at more than $1bn, reflecting investor confidence in online communities.
Bain Capital Ventures led the site's latest round of funding, giving investors a 5% stake in the firm.
Existing partners Sequoia Capital, Bessemer Venture Partners and Greylock Partners also invested in the site.
The company has so far raised a total of $80m in funding after the latest round of money-raising, the site's fourth so far.
The company, which is profitable, makes money from advertising and premium subscriptions.
LinkedIn's European chief executive Kevin Eyres said the firm's business model was different to that of many start-ups of the dotcom boom of the late 1990s.
For more on this article, please click on the following link: LinkedIn raises $53m in funding: BBC
Thursday, June 19, 2008
LinkedIn raises $53m in funding: BBC
Thursday, May 15, 2008
Web 2.0 debates internet's future: BBC
Technology reporter, BBC News, Silicon Valley
 Opening up internet programming was a central theme of Web 2.0 |
San Francisco's Web 2.0 Expo conference brought together thousands of people responsible for crafting the future direction of the internet, and the world of applications - or apps - was front and centre.
Everyone from Microsoft to Yahoo to MySpace was on a mission to woo developers to create exciting applications for their devices.
Jennifer Pahlka of Techweb, one of the conference's co-chairs, said the carrot these big Silicon Valley companies were dangling to entice developers to get involved was that of openness and allowing people to devise programmes without constraints.
"Yahoo was talking about opening up advertising platforms, Mozilla was talking about opening up the mobile web and John Zittrain from Oxford University was talking about openness to drive innovation and creativity so we don't go into this closed system where every application has to be approved by someone else," said Ms Pahlka.
For more on this article, please click on the following link: Web 2.0 debates internet's future: BBC
Posts
