Wednesday, June 18, 2008 VCs betting LinkedIn worth $1-billion

LinkedIn is the professionals answer to Facebook. It is designed to help executives, rising business people and other professionals to advance their careers through connections with others of the same demographic and interests. It's only been online for five years, but is now growing worldwide by 1.2 million people per day. It now stands to grow more than that with a recent injection of venture capital amounting to $53 Million. Among people where networking is their lifeblood, LinkedIn has a bright future. VCs betting LinkedIn worth $1-billion

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