LinkedIn receives funding

Filed in archive Venture Capital on November 12, 2003

My favorite social software tool for business has managed to participate in the funding boom started by Friendster. LinkedIn received $4.7 million from Sequoia Capital.
LinkedIn still seems to grow exponentially:

"Since LinkedIn is already facilitating over 1,000 successful referrals per month and is doubling in size every six weeks..."

Surprisingly LinkedIn positions itself nowadays more as a tool of the future for Hiring services. Something I couldn't learn before.

"Over 20,000 hiring managers have already signed up for LinkedIn. The referral system ensures that they can only be approached by candidates who come recommended by someone they already know and trust."