Performance Enhanced Valuations?
By: Ben Baruch, SAE, Fusion PR
1 Billion-Dollars… Yes, 1 billion-dollars is the valuation given to the business/professional social-networking Web site LinkedIn, according to a posting by Caroline McCarthy of The Social Blog at CNET and a story on TechCrunch by Michael Arrington.
Arrington wrote, ‘Allen & Co… is out pitching a LinkedIn venture capital round at a whopping $1 billion valuation, multiple sources say… If it’s accurate… a $1 billion valuation, it will be one of the most expensive private venture deals in recent history.’
Another unfathomable amount of cash readied to be dispensed for an obscure un-tangible piece of Web 2.0 space. I am a LinkedIn associate and have only had positive experiences – but, I thought the running up of valuations in the Web-o-sphere ended when the proverbial bubble tanked… Obviously, there is still a ton of cash floating around waiting to be snatched up, whether such large investments prove valued will remain to be seen.