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Linkedin

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Submitted By rmstelzer
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Milestones- 2-4 slides; briefly describe what the case is about and problems incurred

* June 2008, Dan Nye announced new funding round had given the company a $1 billion valuation and investors from Bain Capital Ventures purchased 5% stake in LinkedIn for $53 million which both allowed Nye to use the abundant resources to put towards accelerating the companies’ growth (ref 1) * signed up more than 23 million users for its service, which was increasing at a rate of 1.2 million new users per month (Exhibit 1) * Pressure to move away from the walled garden approach * Explosion of new online technologies and new business models under Web 2.0 service (social networking service and professional networking service) * In 2008, LinkedIn was the largest PNS in the world (ref 12) * Vision of LinkedIn – 3 premises * Value/purpose/services of LinkedIn * January 2008 new home page (LinkedIn news, customizable modules, status) * June 2008, to keep in align with the vision of LinkedIn being an “asset to corporations” the company launched products that facilitated companywide networking * 4 revenue sources that drove the LinkedIn business model in 2008 (Advertising, Subscriptions, Job posting, Corporate solutions), but planned to launch a “Primary research” product * October 2007, LinkedIn supports the new OpenSocial development platform by Google * December 2007, plans to open its own APIs to third-party developers * During 2007, LinkedIn doubled the size of its non-US membership; by early 2008, the company signed up more than 5 million members from Europe and nearly half of all new members came from non-US markets * January 2008, opened its first European office in London * June 2008, had members in 150 countries * February 2008, launched beta mobile site (m.linkedin.com) –planned to offer that service in additional

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