LinkedIn announced today itis buying Lynda.com, an online learning platform for $1.5 billion. This is the largest acquisiton by Mountain View-based LinkedIn. This is a mix of cash and stock deal with approximately 52 % in cash and approximately 48 % in stock. LinkedIn plans to close the acquisition by the end of second quarter of 2015 according to their press release. In 2013 LinkedIn acquired Pulse for $90 million.
I guess this merger makes strategic sense since we live in a world of lifelong learning and need to constantly update our array of skills. That is where Lynda comes in with its vast repertoire of online classes. Lynda Weinmann founded the company in 1995 to help “de-mystifying design software for my technology-phobic art students,” as she puts it in this post. “Our story is one only possible in the Internet age,” she adds. And that is so true. Continue reading →
This interview was recorded in late 2008 at LinkedIn’s Mountain View office.
Reid Hoffmanco-founded LinkedInin his living room in Silicon Valley in 2002. The company went IPO in 2011. This was the first time an American social network company is going public to raise money. Hoffman owned about 20 percent of LinkedIn shares before it went IPO.
Hoffman worked at PayPal and eBay before co-founding LinkedIn. He is currently executive chairman of LinkedIn, and is a partner at Greylock Partners, a venture capital firm.
Is LinkedIn a clone of Hoffman’s brain as an article in LA Times put it? We wanted to find out when we spoke to him in this long-ranging 2-part interview with him.
In Part-1 of the interview Hoffman talks about the general philosophy behind LinkedIn, how he started it and their plans to expand in India.He also talks about other social network and where LinkedIn fits into the social network landscape. Here is how Hoffman put it: “Now the metaphor that I frequently use when we are talking about the three current giants’ is: MySpace is the bar, Facebook is home and LinkedIn is the office.”
A lot has changed since we did this interview in 2008. MySpace is not a dominant player it once was. In 2011 MySpace was purchased by Specific Media Group and Justin Timberlake. There are lots of new social media players today and Twitter leads the pack. The social media world today is vastly different from what it was in 2008.
This interview was originally published by LiveMint, a leading Indian business newspaper.
LISTEN: Reid Hoffman on LinkedIn, Entrepreneurship and Small Good Part-2
This interview was recorded in 2008 at LinkedIn’s office in Mountain View.
LinkedIn was co-founded by Reid Hoffman in 2002 and was officially launced in 2003. Hoffman is often described as the most connected person in Silicon Valley. He is the executive chairman of LinkedIn and a partner at Greylock Partners, a venture capital firm in Silicon Valley.
In Part-2 of the interview Hoffman talks about his journey as an entrepreneur. After he graduated from Stanford, he went to Oxford from where he received his Master’s and came back to Silicon Valley to start a company. But, he had to wait a few years before he realized that dream. In the interim he worked at PayPal and eBay and then went to realize his dream, which became the successful company LinkedIn.
In this episode we find out from Hoffman about his famous notion of a small good. What is small good and how it help people? What advice Hoffman have to offer young entrepreneurs? What does technology mean to him? What have the seven deadly sins got to do with entrepreneurship? What keeps him awake at nights? Can I get out all the features out in time is Hoffman’s prompt answer. And the one word that he would use to describe himself? What about LinkedIn’s plans in India? How does LinkedIn plan to stay relevant in the mobile world? Tune in to find out what Reid has to say about all these questions.
In case you missed, you might want to listen to Part-1 of the interview with Hoffman.
This interview was recorded in LinkedIn’s Mountain View office in 2008 and originally published by LiveMint.