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Address Profile LinkedIn operates an online social network aimed at business users. The site has more than 48 million members from over 200 countries around the world, representing 170 industries and pages for over 50,000 companies. LinkedIn is free for users for basic accounts but offers premium accounts for business users starting at $24.95/month to $499.95/month. The company generates revenue from advertising. Employers can also post jobs on the site for a fee. Bain Capital led a $53 investment round in June 2008. In October 2008, LinkedIn raised $22.7 million from Goldman Sachs, Bessemer Venture Partners, The McGraw-Hill Companies, and SAP Ventures. History The company was founded by Reid Hoffman and Konstantin Guericke, both Stanford graduates. The two first discussed building a site in 1997. They finally built the site in 2002 and launched in 2003. Prior to LinkedIn, Reid was Executive Vice President of PayPal. At PayPal, Reid was in charge of all business relationships: business development, corporate development, international, government relations, and banking/payments infrastructure. During his tenure at PayPal, Hoffman was instrumental to the acquisition by eBay and was responsible for partnerships with Intuit, Visa, MasterCard and Wells Fargo. Reid also has held management roles in large technology companies, including Fujitsu Software Corporation and Apple. Sequoia Capital led a Series A investment of $4.7 million in 2003. Greylock Partners led a $10 million Series B investment in 2004. Benefits Personal Time Off - You will have 18 days of paid vacation a year, plus 11 paid holidays. Work hard, play hard, right? Other benefits include free catered lunch every day and snacks including ice cream available 24 hours. © Copyright SVDaily.com |
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