A billion-dollar valuation for LinkedIn?
On Monday, reports surfaced that business social network LinkedIn is likely looking to raise a round of venture capital (rather than find a corporate parent).
TechCrunch reports that investment bank Allen & Co. is hoping to help LinkedIn pull in that funding at a $1 billion valuation.
Spearheading the campaign is Dave Wehner, managing director of the Bay Area bank, who was reportedly a big part of Bebo's $850 million sale to AOL.
Why $1 billion? Well, LinkedIn says its target demographic has meant that it can pull in some pretty lucrative ad revenue, avoiding the "ad trap&… Read more