David Kirkpatrick

December 19, 2008

LinkedIn founder returns

Filed under: Business, Media, Technology — Tags: , , , , — David Kirkpatrick @ 12:28 am

An AP report via Technology Review:

After taking a back seat for nearly two years, LinkedIn Corp. founder Reid Hoffman is reclaiming the CEO’s job and bringing in former Yahoo Inc. executive Jeff Weiner to help steer the online professional network through its next phase of growth.

Hoffman’s return as chief executive, announced Wednesday, comes as a surprise, given LinkedIn’s success since he recruited Dan Nye to take over the reins of the Mountain View-based company in February 2007.

With Nye at the helm, privately held LinkedIn says it has been profitable as its revenue rose tenfold and the number of people creating profiles on its Web site more than quadrupled to 33 million.

The success helped LinkedIn raise $80 million in venture capital this year in a series of investments that valued the company at about $1 billion.

Find me on LinkedIn at http://www.linkedin.com/in/davidkonline

1 Comment »

  1. With new addons, hope & wish this becomes a big team.

    Comment by Its still not working — December 19, 2008 @ 2:17 am


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: