Tuesday, June 2, 2009

CNN.Money: LinkedIn's startup story: Connecting the business world

As told to Ellen Lee

MOUNTAIN VIEW, Calif. (CNNMoney.com) -- In Silicon Valley, it's all about knowing the right people.

Reid Hoffman knows a little something about that. Hoffman, 41, started LinkedIn, the social networking site for professionals. Its 41 million members include people from more than 200 countries and executives from every Fortune 500 company.

Hoffman founded LinkedIn in late 2002. In just six years, the Mountain View, Calif., company has become one of Silicon Valley's stalwarts, with 350 employees and a brand recognized throughout corporate America. Profitable since 2006, LinkedIn's management says, the company raised nearly $80 million from investors last year, valuing it at $1 billion. (more)

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