LinkedIn Gets Its Billion Dollar Valuation
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LinkedIn has raised $53 million from Bain Capital Ventures giving the company a $1 billion valuation. The company has experienced massive growth over the past year. 319 percent to be exact according to statistics released in April. While the company is a fraction of the size of Facebook, the company has an extremely targeted user base with high average household incomes and a higher median age then most of the large social networks.
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