Linkedin Inc

In: Business and Management

Submitted By withnmyself
Words 655
Pages 3
Reid Hoffman founded Linkedin, Inc. a social networking site in 2002 for professionals to network; however, Reid also had prestigious co-founders where on the journey with him. The company was incorporated in Delaware in March 2003 under the name LinkedIn, Ltd. and changed their name to LinkedIn Corporation in January 2005. Dan Nye was hired as CEO, but only stayed there 2 years and Deep Nishar was hired as VP of products, who is a form Google executive. This company client list was very diverse ranging with professionals from over 200 different countries along with executives from every 500 company (money.cnn.com). Hoffman learned the ropes from the best like Apple and Fujuitsu, so that he could launch his company properly. Hoffman actually financed the start-up of his company his self from the sale of his Paypal to eBay.

The cornerstone of LinkedIn’s business strategy was to focus on the members first. They provided the majority of their solutions to their members at no cost. With the belief that this approach provides the best way to continue to build a critical mass of members, resulting in beneficial network effects that promote greater utilization of our solutions, higher levels of engagement and increased value for all of our members. Hoffman strategically planned each step to grow LinkedIn, in 2005, he launched 3 streams of revenue ~ job listings, subscriptions, and advertising.

In 2011, LinkedIn decided to submit an underwritten IPO as a measure to raise additional capital to fund further expansion and general corporate purpose, along with capital expenditures. The company also proposed the possibility of using some of the profits for acquisitions in complementary businesses, technologies or other assets. The founders felt that the social media market was strong and they needed to capture investors now before other well-known social media…...

Similar Documents

Connecting on Linkedin Is Not Networking

...on LinkedIn. People boast of having 20 or 30 thousand connections on LinkedIn. Sounds great, but how much value is this for you in your job search? Simply because you connect with someone on LinkedIn does not make them a networking connection for referrals and other information. Consider if you are attending a sporting event or a movie and as you enter the building you and a stranger are entering the facility. You both exchange a nod or “hello”. Have you now made a networking connection? You might think not. This is no different than connecting with a stranger on LinkedIn. You might be in the same group or have some other common interest, but you don’t know each other. If this person saw that you worked at a company they have interest in, would you be a good referral for this person? Probably not. Why? Because you don’t know them. I am a huge believer in meeting someone in person, but with the internet you may be connecting with people across the country. If you can’t meet with them in person, then begin a conversation and share some background and experience. Yes, this takes time and effort, but if this person could recommend you to a potential hiring manager would it be worth the time and effort? To have a good networking connection requires you spend time getting to know each other, by spending time describing and explaining the depth of your skills, talents, expertise and background. How do you start this process? You can join several groups on LinkedIn......

Words: 557 - Pages: 3

Linkedin Case

...BU663: Advanced Corporate Finance Instructor: Dr. A. Shkilko Group 5 – Case Solution Submitted: April 3, 2013 Braddock Industries Inc. Long-Term Incentive Compensation System Evaluation Darren Bahadur Barima Peprah Daniel Niedra Hubery Zhao Historical Plans Plan 1 (1998-2002) Although Braddock was a privately held company during this time, the long-term incentive plan involved a stock-based component (case Exhibit 4) and as well as an annual performance bonus based on the matrix illustrated in case Exhibit 6. The good * Since management compensation is tied to firm performance, managers are incentivized to keep costs under control and maintain profitability. However, it is important to balance cost-controls with long-term growth. * The 5-year measurement cycle provides an adequate horizon for management decision-making and should motivate managers to take on projects that add long-term value to the firm. * Although the exact calculation of the performance factor was not described in detail, the plan appears to be fairly straightforward and easy to understand for both managers and stakeholders. Furthermore, the inputs of the performance factor are common metrics and its calculation is likely a weighted average of these factors.   The bad * With respect to the valuation of equity securities of a private firm, the American Institute of Certified Public Accountants has established guidelines for private firms using stock-based compensation......

Words: 4081 - Pages: 17

Create Linkedin

...are both students. Keeping in view the importance of LinkedIn they have selected to teach ‘How to create LinkedIn account’ to Beenish’s brother. LinkedIn is a key networking tool for professionals in virtually any field. It assists in connecting with potential employers, experts or consultants in the field and in finding job opportunities. About The Learner Hassan Bhatti is Beenish’s brother, he is currently in his final term at the University of Toronto (U of T). Hassan is going to graduate in September from U of T. In order to develop his network and look for job opportunities he needs to create a LinkedIn account which will assist him in job search and networking. NEEDS ASSESSMENT Concern The major concern for Hassan is that he is about to graduate from the university and needs to acquire a job. He does not have a professional network to assist him in finding any job opportunity. Importance By creating a business professional profile on LinkedIn Hassan will be able to build his network and connect with alumnus, other professionals, recruiters, professors and classmates. This will thus assist him in acquiring the job and finding opportunities. LinkedIn assists in connecting with professionals without any cost. Only an internet connection is required to create an account, connect to professionals and do networking. OBJECTIVE: * Given handout, lecture and behaviour modeling Hassan will be able to create a LinkedIn account and add connections to the extent that......

Words: 559 - Pages: 3

Linkedin

...which the decisions they are making impact LinkedIn mission. Weiner usually tells his employees to practice time management. Too often, he sets aside some time with the main aim of laughing with his team members. He says that he attaches importance on his team members’ sense of humor. At times, on a tough day, this can improve their talent and expertise (Meister, 2012). Situational leadership emphasizes that leadership comprises two aspects. They are directive and supportive. Situational leadership also emphasizes that each of these aspects has to be applied suitably in a particular situation. In order to make a decision about what is required in a given situation, a leader should evaluate how competent and dedicated they are to accomplish a particular situation. Weiner, as a leader, changes the extent to which he is supportive and/or directive. The aim is to change the needs of his employees (Northridge, 2013, p.118). By Weiner exhibiting directive behaviors, this helps his team members to realize their goals. He also establishes methods of assessing and defining responsibilities. At the same time, he sets up methods of showing the manner in which the goals are to be realized. Weiner clarifies what is to be to be done, and the manner in which it is to be done. At the same time, she sheds lights on who is responsible for doing it. For example, he emphasizes to his employees that their decisions should always be in line with LinkedIn mission-- to connect the world's......

Words: 1081 - Pages: 5

Linkedin Summary Skills

...Quick Guide Job-Hunt ® Linkedin for new Graduates By Laura Smith-Proulx Executive Director of An Expert Resume US News & World Report Top Site for Finding Work Job-Hunt.org FOLLOW @JobHuntOrg Like JobHuntOrg JOin Linkedin Job-Hunt Help Group Forbes Best of the Web for Job Hunting Job-Hunt.org PC Magazine Best of the Internet for Careers Job-Hunt.org Job-Hunt® is a registered trademark of NETability, Inc. © 2012, NETability, Inc. All rights reserved. Not for commercial use or modification without prior written permission. Quick Guide: LinkedIn for New Graduates www.job-hunt.org Table of Contents Chapter 1: Why Use LinkedIn? .................................................................................................... 1 Chapter 2: Getting Started.............................................................................................................2 Chapter 3: Using LinkedIn Effectively .........................................................................................5 Chapter 4: How to Continually Leverage LinkedIn..................................................................12 Chapter 5: How to Maximize Your Use of LinkedIn.................................................................14 Chapter 6: LinkedIn for Your Career ..........................................................................................15 © 2012, NETability, Inc. All rights reserved. Not for commercial use or modification without prior......

Words: 6985 - Pages: 28

Analysis of Linkedin

...[pic] LinkedIn: The Future By: Katarina Begonja Table of Contents Executive Summary...............................................1 Case Facts..............................................................2,3 Case Analysis.........................................................4,5,6 Recommendations.................................................7 Work Cited...............................................................8 Executive Summary Future of LinkedIn. Becoming more like Facebook. Despite being widely recognized as the undisputed champion of the professional networking industry, LinkedIn has made several recent changes to become more like the competition, most notably, Facebook. In an effort to attract daily users, LinkedIn has added many new features, such as, notifications and photo/video sharing. All of these features have long been available on Facebook. In addition to aiming for a similar user experience, LinkedIn also appears to be following in the footsteps of Facebook in regards to generating revenue. As users increasingly access these social networks via their mobile phone, LinkedIn has revamped their mobile app to include advertising. 1 Case Facts: -Updated version of their mobile app was launched in April. For the first time, it will have ads on the app, to generate revenue for LinkedIn. The CEO recognizes the......

Words: 1290 - Pages: 6

Linkedin Corp., 2008

...Case Assignment #1  LinkedIn Corp., 2008  Case 9‐709‐426 Rev: October 31, 2008  This case must be downloaded from Harvard Business School Publishing. The Download Site is:    http://harvardbusinessonline.hbsp.harvard.edu/relay.jhtml?name=cp&c=c25280     About the Company  LinkedIn Corp., is an example of a “Web 2.0” Company, and a classic dot.com Internet‐based company  that pursued financing to launch, and underwent launch and growth challenges.  The Company operates  the  Website  LinkedIn.com.    LinkedIn.com  is  an  interconnected  network  of  experienced  professionals  from  around  the  world,  representing  170  industries  and  200  countries.  LinkedIn  has  over  35  million  members  in  over  200  countries  and  territories  around  the  world.    A  new  member  joins  LinkedIn  approximately  every  second,  and  about  half  of  our  members  are  outside  the  U.S.    Executives  from  all  Fortune 500 companies are LinkedIn members.    How to Develop the Case  When developing the case it will be helpful to use the “process” identified in the Case Study Handbook  (identified in Chapter 3 of the Handbook) which entails these five phases:    1. Situation  2. Questions  3. Hypothesis  4. Proof and Action  5. Alternatives.    Submission Format  The submitted case should be on 8 ½ x 11 in. white paper, 12 pt. Times Roman typeface preferably line  spaced at  1½ lines.   The cover sheet should include your name, the course name, the name of the case, ......

Words: 274 - Pages: 2

Linkedin

...Monster.com on Monday issued its response to LinkedIn: BeKnown, a jobs network that resides within Facebook as an app. According to Darko Dejanovic, the chief information officer and head of product for Monster, over 700 million Facebook users could tap into the network. (Facebook officially says it has over 500 million users.) Users can download BeKnown at the Facebook apps site in one of 19 different languages. Monster, of course, is years behind LinkedIn, which started cultivating its network of people, their careers, employers, and other work-related social information in 2003 as a beta site. In May, launched a $9 billion public offering, launching at a share price of $45. On Friday, it closed at just under $70. For Facebook users, the most important aspect is probably the ability to create a network of professional contacts, which can be kept separate from the connections among friends and family which make up most Facebook social networks. Users will also be able to hunt for jobs and to see who in their professional network is connected to a job or a job opportunity, Monster said. BeKnown users can either create their own profile, or import a previous profile that they have on file with Monster.com. Users can also endorse other users, either with a general "thumbs up" or a more specific written endorsement, which the endorsee must approve before it can be added to his or her profile. But BeKnown will also add badges, which will let users compete amongst their......

Words: 479 - Pages: 2

Linkedin

...Introduction LinkedIn is a social networking website created specifically for connecting professionals and companies around the world. It has over 300 million members in over 200 countries. This includes executives from all members of 2013 Fortune 500. Their mission is “connect the world's professionals to make them more productive and successful. When you join LinkedIn, you get access to people, jobs, news, updates, and insights that help you be great at what you do.” (Linkedin.com/about-us) LinkedIn was founded by Reid Hoffman in 2002 and officially launched to the world May 5, 2003 with its headquarters originally in Santa Monica, California. It has now moved to Mountain View, California and has over 6,000 employees in offices around the world. “LinkedIn is publicly held and has a diversified business model with revenues coming from member subscriptions, advertising sales, and talent solutions.” (Linkedin.com/about-us) LinkedIn recently reported its 3rd quarter revenue in 2014 at $568 million, up 45% compared to $393 million in 3q 2013. This company has gone through its ups and downs financially but it still has always strived to stay with their mission to give people access to jobs, news, updates, and insight. 2. Account Creation The initial account creation process is the same as most social networks. You need to give them your name, e-mail address, and create a password for your account. You also will need to access your email to confirm your account. LinkedIn will......

Words: 1686 - Pages: 7

Linkedins Vision, Mission and Values

...Forbes.com: How LinkedIn Has Turned Your Resume Into A Cash Machine Table of Contents | | | |Page Number | | | | |Terms of Reference |2 | | | | | | |Introduction |3 | | | | | | |Section 1: | | | | |Creating Mission, Vision and Values |4 | | | | | | |Section 2: | | | | |Implementing Mission, Vision and Values ...

Words: 1273 - Pages: 6

Case : Linkedin

...Case 1: LinkedIn YouTube is for video entertainment; iTunes services music lovers; Facebook is primarily for socializing; Flickr is for photo exchange; Second Life and World of Warcraft are for participating in virtual communities; Gamezone and Shockwave are for gamesters; and so on and so on. It would seem that the Web has anticipated all of our needs and responded. But wait, what’s out there for those of us who want to further our professional lives to visit with others in our field of expertise, to look at jobs that are available in other parts of the world, to find out what’s happening in the business world outside our own familiar circle, and to garner introductions to those who might help us succeed? LinkedIn is an online service that fills this niche. LinkedIn advertises itself as “an interconnected network of experienced professionals from around the world, representing 150 industries and 200 countries. You can find, be introduced to, and collaborate with qualified professionals that you need to work with to accomplish your goals.” As of 2010, LinkedIn had over 60 million members, half of whom were from countries outside the United States, and has executives from all Fortune 500 companies in its ranks. LinkedIn is growing rapidly, with a new member joining approximately every second. Reid Hoffman, a former executive vice president of PayPal, founded LinkedIn in 2002; the service was launched in May 2003. Hoffman remains chairman of the board at LinkedIn, which is......

Words: 855 - Pages: 4

Linkedin Corporation Ipo

...I. Assumptions underlying the market valuation End of July 7, 2011 LinkedIn price closed at $94, more than double its IPO of $45. It all started on 19 May 2011, when most od media published the headline like ‘LinkedIn stock more than doubles in IPO’. On this very day Jeffrey Weiner, LinkedIn’s CEO, answer to the question of Bloomberg ‘Do you think you left some money on the table Jeff with a price of $45?’ Answer ‘We are in for the long-term’. What does this mean exactly? The market was still finding the real price, as we can see on page 11 Exhibit 1 the price then dropped, around 21 of June 2011 the price rises again. Before hitting the key assumptions, it is good to also have a look at the Exhibit 2 on page 12. LinkedIn has been making net losses before 2010, with an exception in 2007. 2010 was an exceptional year with high growth rate, the market was changing. Early 2011 it had over 100 members over 200 countries and was growing at 1mil new members every 10 days. This was just the right time for the IPO. The key assumptions underlying the market price of July 7, 2011: a) The market assumed that LinkedIn would growth, at higher rate than 2010. Growth in all aspects, number of members and revenue. In fact since $94 was greater than the value in Exhibit 17 by JP Morgan and Morgan Stanley, this implies that the market expected a higher terminal growth rate of 6% (assuming market had the same assumption about cost of capital). Terminal growth rate meant the company......

Words: 1698 - Pages: 7

Linkedin

...new funding round had given the company a $1 billion valuation and investors from Bain Capital Ventures purchased 5% stake in LinkedIn for $53 million which both allowed Nye to use the abundant resources to put towards accelerating the companies’ growth (ref 1) * signed up more than 23 million users for its service, which was increasing at a rate of 1.2 million new users per month (Exhibit 1) * Pressure to move away from the walled garden approach * Explosion of new online technologies and new business models under Web 2.0 service (social networking service and professional networking service) * In 2008, LinkedIn was the largest PNS in the world (ref 12) * Vision of LinkedIn – 3 premises * Value/purpose/services of LinkedIn * January 2008 new home page (LinkedIn news, customizable modules, status) * June 2008, to keep in align with the vision of LinkedIn being an “asset to corporations” the company launched products that facilitated companywide networking * 4 revenue sources that drove the LinkedIn business model in 2008 (Advertising, Subscriptions, Job posting, Corporate solutions), but planned to launch a “Primary research” product * October 2007, LinkedIn supports the new OpenSocial development platform by Google * December 2007, plans to open its own APIs to third-party developers * During 2007, LinkedIn doubled the size of its non-US membership; by early 2008, the company signed up more than 5 million members from Europe......

Words: 390 - Pages: 2

Optimizing Your Linkedin Account

...Optimizing Your LinkedIn Profile Contrary to popular belief, LinkedIn is not just your online resume. It can be so much more...if you take the time to use it as effectively as possible. Whether you’re a job seeker, consultant, business owner, networker—whatever— your LinkedIn Profile is a good way to give a terrific first impression. Think of it as your initial interview! Did you know that in 2011, HR and recruiting professionals plan to use LinkedIn 87% of the time to research potential candidates?1 Equally important is the fact that 70% of the time, recruiters reject candidates based on online information.2 Therefore, it’s critical to put your best foot forward and to do everything you can to raise yourself above other candidates. Follow the steps outlined in this document to optimize your LinkedIn profile. It’s very important that your LinkedIn profile matches your printed resume...to a point. The goal is to use your resume as a starting point, then go from there. If you’re not looking for a job, you still want to have your profile optimized as it’s a great business tool. Also, nearly 58% of HR and recruiting professionals reported that they found passive job candidates—people not actively seeking employment—via social networks (including LinkedIn).3 Basic Information For your first and last name, use your legal name. However, if you are more commonly known by a nickname, or have a former or maiden name, enter that in the “Former/Maiden Name” box. Enter......

Words: 3023 - Pages: 13

Getting Started on Linkedin

...Getting Started on LinkedIn Create a LinkedIn profile at www.LinkedIn.com Use your real name and personal e-mail address (the professional-sounding one!). Do not use your company’s address because you will likely change jobs. You can add other e-mail contact addresses once you have a profile. For now, skip the option to import contacts. Wait until you are proficient and have a robust page for your contacts to view. As soon as you have an account, you can start using the Search features. In the Search box, the pull-down menu on the left allows you to focus the search on people, jobs, companies, and groups. You can use the Advanced Search feature for even more options. Use LinkedIn to search for information on companies, jobs, and people. Look around the site and study the Before you load your “Profile,” think about what you want to accomplish. Use the keywords that describe that objective or job in several places so that your profile pops up in searches (particularly in the items marked with an asterisk*). Your resume will give you good ideas of key terms to use. When you are ready, from the Home page, click on “Profile.” Then, “Edit My Profile.” Fill in the blanks. 1. *Headline (Use this prime space to sell yourself. Miriam Salpeter says, “Be as creative – or conservative – as your industry requires.” 2. Select an industry – find one on the list that is the most relevant for you. 3. *Current experience 4. *Past experiences 5. *Summary 6. *List of......

Words: 397 - Pages: 2