![]() has warned that it expects revenue growth to slow. What happens once a few more social networking companies go public? Is just a warm up for Facebook? Or Zynga? Or Groupon? will be waiting to see how LinkedIn does before they make their own moves. Investorsand the tech industryare closely watching the. On Tuesday LinkedIn raised the price of its expected price range to $42 to $45 per share from $32 to $35 per share. Tomio Geron seems surprised the price is so high : The VC firms also are holding onto their LinkedIn stock. Sequoia Capital, Greylock, Bessemer: The trio of private-equity firms.has been in the CEO job for less than two years after stints at. owner of Standard & Poors, made a $5 million investment. Goldman essentially quadrupled its money in three years. Hoffman already made millions from PayPal, his last company. is the undisputed winner of the lucky duck sweepstakes. LinkedIn is making a boatload of shekels for a cluster of lucky folk. His 2.5% stake is worth roughly $105 million.Ĭall the valuation stupid, call it smart, but. The IPO will also mark a big payday for LinkedIn's co-founder and chairman Reid Hoffman. soar but have no clue what their businesses are worth. already has invited comparisons to the heyday of the last boom. Most analysts expect shares to rise Thursday. Internet company since Google set the gold standard nearly seven years ago. The 8-year-old company will make its stock market debut with a value of $4.3 billion. set to begin trading tomorrow on the New York Stock Exchange under the LNKD ticker. Stunning given LinkedIn earned just over $15 million on revenues of $243 million last year. a sign that the once moribund market for Internet companies is back. will give the Silicon Valley business networking company a $4.5 billion valuation. LinkedIn will price its shares at $45 each in its IPO. ![]() In June 2011, Pulse raised a $9 million Series A round from New Enterprise Associates, Greycroft Partners, and Lerer Ventures.Boom! It's Kara Swisher, with her broken calculator: Redpoint Ventures, Greycroft Partners, Mayfield Fund, e.ventures and Lightspeed Venture Partners participated in this round. Pulse raised an $800,000 seed round in October 2010. Kothari writes in his announcement today that the “Pulse apps will remain the same, and our two teams are excited to work together to create cool and useful new offerings.” Approximately 40 percent of its users are outside of the U.S. The service currently has about 30 million users in more than 190 countries. Given today’s acquisition, chances are Pulse will put a stronger focus on this in the near future. Just recently, Pulse started to dip its toes into social by adding a number of social features to its apps. The service started out as an iPad app, but quickly expanded to other platforms, including the web. Pulse was founded in 2010 by Akshay Kothari and Ankit Gupta while they were still students at Stanford University. “To continue to deliver that value to our members, our vision for content is that LinkedIn will be the definitive professional publishing platform, and Pulse is a perfect complement to this vision.” “We are thrilled to be able to add Pulse’s considerable talent, technology, and products to our growing ecosystem of content offerings, and we believe that they will help us accelerate our ability to deliver to our members the insights they need to be better at what they do, on any device,” said Deep Nishar, LinkedIn’s SVP of Products and User Experience, in a statement today. Millions of professionals are already starting their day on LinkedIn to glean the professional insights and knowledge they need to make them great at their jobs.” LinkedIn argues that it is acquiring Pulse because it wants the site to “be the definitive professional publishing platform – where all professionals come to consume content and where publishers come to share their content. Today’s announcement doesn’t come as a total surprise, given that there had been rumors about talks between the two companies for a few weeks now. The acquisition is expected to close in the second quarter of 2013. The transaction, LinkedIn says, is valued at approximately $90 million in a combination of about 90 percent stock and 10 percent cash. LinkedIn today announced that it has acquired Pulse, the popular newsreader for the web and mobile.
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