The current startup climate is very mixed indeed - a lot of layoffs, and quite a few companies announcing funding rounds. Good news is always nice to hear at this time; so even though its a little puzzling, its quite nice to hear Dan Nye's LinkedIn has just raised another $22.7 Million.
The main investors are SAP Ventures, Goldman Sachs, and Business Week's parent McGraw-Hill Companies. Of all the social networks, I use Mountain View-based LinkedIn the most heavily (most of it for work, and yeah, I have a few connections).
LinkedIn is valued at a whopping $1 Billion - ok, that might be a little too much happy sauce going around. But even if it doesn't capture that full value, it should have a good run towards it.
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