Wednesday, June 18, 2008

LinkedIn -- $1 Billion + and Growing

Business networking site LinkedIn has just closed a $53 million investment from Bain Capital that values the company at $1 billion. The company -- whose rivals include Facebook, which is increasingly seeking the professional user -- now boasts 23 million users (the average age of which is 41 with an average salary of $109,000). The trick now for LinkedIn will be to further differentiate itself from Facebook and other major social networking sites that smell dollars from that valuable demographic.

A natural evolution of LinkedIn -- and other social networking services -- includes adding video communications so that professionals can reach out to each other with "one click" video chat and conferencing, as well as "one click" video posts/profiles/mails. SightSpeed already has the industry's best in class "one click" video services -- and we also already have substantial experience in the social networking world, as we are already live on both MySpace and, as of today, hi5.