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Forget Instagram’s billion-dollar payday. Forget IPOs, past and future, from Facebook, Groupon, LinkedIn and the like. And ignore, please, the online ramblings of attention-hungry venture capitalists and narcissistic Silicon Valley journalists with the off-putting habit of making their inside-baseball sound like the World Series. Their stories, to paraphrase Shakespeare, are tales told by idiots, full of sound and fury, but signifying very little about the impact of technology on most of our lives.
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Social Media EXPLAINED
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10 ways reporters can use LinkedIn to find sources, track changes at companies
Reporters can find sources and leads through status updates, employee transitions and data that LinkedIn aggregates and analyzes. “There’s a wide variety of different types of professionals that are on the site. which makes it a wonderful resource for journalists,” Canfield said.
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… a substantial majority of our members do not visit our website on a monthly basis, and a substantial majority of our page views are generated by a minority of our members.
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LinkedIn Files For IPO
via TechCrunch
Professional social network LinkedIn has just submitted its S-1 filing with the SEC, indicating that it will file for a public offering. The maximum proposed total offering price is $175 million but this is just a placeholder amount.
In terms of revenue, in the nine months ended September 30, 2010, LinkedIn’s net revenue increased $80.6 million to $161 million for the same period. Net income for the same period came in at $10 million.
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Unfortunately for the censors, Twitter allows other companies to develop their own applications using its programming interface. This has led to the development of a plethora of tools that allow users to post to Twitter without ever pointing their browsers to Twitter.com. These third-party clients still appear to be functioning in Egypt. There have even been reports of activists updating Twitter through the professional résumé-sharing site LinkedIn.
(Source: marathonpacks, via abbyjean)
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“Financing is additional oxygen. It’s not success to raise money, it only gives you a longer runway, in fact it makes the hurdle at the end higher.”
Reid Hoffman describes his journey from academia to PayPal, to finally founding the professional networking site LinkedIn. Hoffman suggests that to be a successful entrepreneur you have to take risks where others wouldn’t and be willing to deviate from the beaten path.
This video is part of the Stanford University’s Entrepreneurial Corner which is a free online archive of entrepreneurship resources for teaching and learning. The lectures there are inspiring and filled with valuable information. I’ve downloaded many of them to my iPod and highly recommend checking it out.
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Making Friends: LinkedIn vs. Facebook vs. Twitter
Well observed.
