LinkedIn Worth $250 Million?

Another quick funding story: the business social network LinkedIn is reportedly set to close a $13 million funding round at a $250 million valuation - the investors aren’t yet known. LinkedIn expects to generate $45 million to $60 million in sales in 2007 and $100 million in 2008 - they’ve been profitable since March and employ 45 people. With around 8 million registered members at last check, LinkedIn is almost certainly the leading business social network in the US, while Xing is a big player in Europe.

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