LinkedIn For $1 Billion? Why Not?

Published: May 6, 2008, 12:50 pm

Mike Arrington hears that LinkedIn is looking for funding at a $1 billion valuation. We hear the same thing, with one additional nugget: We're told, secondhand, that the company is quite close to actually getting a deal, or may have already closed it (as VentureBeat suggested yesterday). Last month we pegged the company's value at $1.3 billion, so we certainly think the story is plausible. But let's leave aside the question of what it's actually worth and consider who would be willing to pony up. A wise soul suggests that we'll see Lehman Bros throw in, as Lehman likes to come in on deals with Sequoia and Sequoia has already invested in LinkedIn. And/or suggestion: A la Slide and Ning, you'll see fund managers like T Rowe Price, Fidelity and Legg Mason lining up. But wait a minute: Isn't throwing big slugs of money at a Web 2.0 company in the late stages of the bubble awfully risky for portfolio managers, who get very public grades on their performance? Sure it is. But that's over

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