profile updated Apr 15, 2008, 1:52 PM
LinkedIn is the Facebook of the professional world. It is rapidly gaining momentum as a recruiting tool by recruiters and job seekers. This social networking site has exploded in growth and buzz.
In 2007 alone, its member base went from 8 million to 17 million. LinkedIn allows professionals to post their profiles and to connect with current and former co-workers, business acquaintances, and friends. Large extended networks are created by enabling members to reach out to “friends of friends”.
LinkedIn is increasingly being used as a sourcing tool by recruiters and companies who are able to reach out to thousands of passive and active candidates. Recruiters who join LinkedIn can use it as a tool to source job candidates for specific jobs. Recruiters can email job listings to one or more members, or contact them either directly or indirectly through the recruiters’ own network or through an expanded network (friend of a friend, etc…). LinkedIn is also valuable for reference checking – as you can reach out to former colleagues of the job applicant.
LinkedIn is increasingly adding opportunities for targeted advertising, and is already being used as a recruiting tool by companies that include Google and Microsoft.
In researching the company we found a number of estimates of its revenue; Michael Arrington over at TechCruch said that for 2006 it was “something north of $10 million”; Marketwatch estimated revenue at $45 million to $60 million for 2007. Ever-conservative Hoover’s estimates revenue for 2007 at $3 million. While the company won’t disclose revenue, it insists it has been profitable since March 2006.
News & Updates 
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LinkedIn Announces New VP (www.linkedin.com)
*NEWS* LinkedIn Announces New VP of People Operations Steve Cadigan has joinedLinkedIn as vice president of People Operations.
With over 21 years of global human resources experience in the US, Canada and Asia-Pacific, Cadigan has worked on acquisition integrations around the globe. Prior to joining LinkedIn, he served as vice president of HR at Electronic Arts where he was responsible for the Games Label group, with 2,500 employees and some $2B in revenue, as well as M&A integrations.
Cadigan helped build Cisco’s world class acquisition integration team from 1998 to 2002. He also held key HR leadership roles at PMC-Sierra, AMD, Fireman's Fund, and Esprit.
Aug 19, 2009, 12:12 PM -
New LinkedIn Blog Offers Tips for Sales, Jobs, Recruiting, and HR (www.prweb.com)
Jobseekers have a new LinedIn help blog. But the tips and shortcuts that trainer and speaker Patrick O'Malley is offering will benefit recruiters, too.
In one of this first posts to LinkedIn Tips For Sales, Jobs, HR, O'Malley tells jobseekers to add common misspellings of their last name in case they are being sought by someone who doesn't have the spelling quite right.
Feb 26, 2009, 1:54 PM -
As The Economy Sours, LinkedIn’s Popularity Grows (TechCrunch)
As layoffs continued to pound the economy in January, one beneficiary was job networking site LinkedIn. According to the latest January data from comScore, the LinkedIn’s U.S. unique visitors shot up 22 percent to 7.7 million, up from 6.3 million in December. Total minutes spent on the site doubled in January to 96.8 million, from 47.6 million in December. Feb 14, 2009 -
Recession Fuels Global Growth in Business Networks (reuters)
Reuters is reporting that LinkedIn has added some 13 million new members since the first of the year and is growing at the rate of almost one new member a second.
Other professional networks are also growing, Reuters says, the beneficiaries of a global recession that is pushing ever more workers to join sites that may help them find new jobs.
Nov 28, 2008, 12:19 PM -
LinkedIn Bucks Economy; Gets Millions From Investors (Wall Street Journal)
LinkedIn has received $22.7 million in new funding from investors such as SAP Ventures, Goldman Sachs and McGraw-Hill. The funding – the first time that LinkedIn has taken money from strategic partners rather than venture capitalists – is part of a financing round that was first announced in June. At the time, LinkedIn said it had received $53 million from blue-chip venture capitalists such as Sequoia Capital and Bain Capital Ventures, valuing the company at $1 billion. Nov 3, 2008, 11:03 AM -
Vitruva Now Can Match LinkedIn Profiles To Jobs (PRWeb)
For the first time, millions of U.S. LinkedIn users can enjoy the benefits of job matching by leveraging their existing professional profiles. Users can import their profiles into Vitruva's system, where its patent-pending artificial intelligence engine matches the profiles with thousands of pre-qualified job opportunities. The matching is done instantly, confidentially, at no cost to job seekers. Oct 1, 2008, 2:47 PM -
Free LinkedIn Checklist To Help Build and Manage Your Network (PRWeb)
Geoff Peterson, managing principal of General Lead and editor of StaffBytes is providing a free LinkedIn Checklist of 55 tips, tricks and strategies for networking on LinkedIn. This checklist offers several ways to build your LinkedIn network, gain exposure on LinkedIn, utilize your LinkedIn network in and out of LinkedIn, connect with the right LinkedIn members, utilize search engines and tools to extend your LinkedIn network and more. Sep 17, 2008, 2:29 PM -
LinkedIn Closes Its Round; Got That Billion Dollar Valuation (TechCrunch)
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A Billion For LinkedIn? (ere)
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LinkedIn to End Free Service (Linked Intelligence)
Before you panic, this an April Fool's joke. But it's got just enough plausability that it's convinced more than a few folks that LinkedIn really is going to start charging everyone.
Apr 1, 2008, 10:01 AM
Products & Services
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