Professional networking site LinkedIn raised $53 million in fourth round funding yesterday from Bain Capital Ventures and other existing investors. The latest round values the Mountain View, California-based company at over $1 billion, claims its CEO Dan Nye. Read the Reuters report. That is still a long way from the $15 billion Facebook was valued at last year when Microsoft invested $240 million in the social networking startup. But it’s okay. I’m sure the LinkedIn guys aren’t complaining. Check out the company’s blog and the video interview with the new investors.
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The discrepancy between FB and LI valuations is quite interesting. Are the valuations inadvertent reflections of the intuitive belief we have in the ‘loose ties’ effect in networks?