LinkedIn is a business aligned social networking website. Linkedln
is free to use, and allows users to create a public profile that
displays their educational and employment history. Linkedln users
can 'connect' together to form professional relationships. As of
2008, Linkedln can be accessed through a mobile phone application.
LinkedIn is presently, 2015, the most popular business aligned
social networking website: Statista reported that Linkedln had 332
million members in 2014; considerable higher than it's competitors:
XING and Viadeo. However, XING is more popular than Linkedln in
DACH countries, whereas LinkedIn in dominant in the United States,
India, Brazil and non-DACH European nations.
LinkedIn, as with a number of leading tech firms, has it's headquarters
in Mountain View, California. Linkedln, since it's launch, has received
investment from a range of venture capital companies. Linkedln became
a profitable company in 2006, and it's initial public offering (IPO)
/ stock market launch was on the 19th of May, 2011.
LinkedIn was founded in December, 2012, and the website was launched
on the 5th of May, 2003 - the same years as Myspace, and one year
before Facebook. LinkedIn was co-founded by five individuals:
- Allen Blue
- Eric Ly
- Jean-Luc Vaillant
- Konstantin Guericke
- Reid Hoffman
The founding team of Linkedln also included: Stephen Beitzel, David
Eves, Lee Hower, Ian McNish, Yan Pujante, and Chris Saccheri.
It would appear that Reid Hoffman was the leading 'light' that
drove the creation and developing of Linkedln. Hoffman was previously
an Employee Value Proposition (EVP) at Paypal - when Paypal was
a fledging company - and helped to sell Paypal to eBay. The co-founders
of Linkedln were previous work colleagues and college friends of
Hoffman. As of 2015, Hoffman is the chairman of Linkedln. Due to
the wealth accrued by Hoffman, he has invested in a range of tech
firms, including: Coupons.com, Friendster, Kongregate, Nanosolar,
Ironport, Viki and Wrapp.