Who is doing well during the financial crisis? Linkedin!
Written on 28th October 2008
7 COMMENTS 
Boris Veldhuijzen van Zanten, Serial Internet Entrepreneur
In 1999 one analyst suggested that everybody invest in companies that made bubble wrap. He figured that with the huge growth of e-commerce the companies who would benefit the most were bubble wrap companies. Go figure.
Now, with the current economy there are surely companies who are benefiting, right? Right!
One such company is LinkedIn. Last week they announced a $22.7 million funding round which explains the huge smile on their CEO’s face on the right here.
Dan Nye has even more to smile about. Since the economic crisis hit in September LinkedIn has seen a 25% increase in the rate of sign-ups! All over the world concerned employees are updating their digital resumés and strengthening their ties to headhunters and other useful contacts.
Before September LinkedIn had maintained a growth rate of about one new member every two seconds, or 1 million new users about every 20 days. Not bad at all! Since the collapse of Lehman Brothers in September the growth rate had increased to 1 million new users every two weeks. Suddenly that $ 22.7 million round makes a lot of sense. They are clearly worth it!
LinkedIn has 30 million users worldwide and of those 30 million about 7 million are based in Europe. In the time you read that last sentence (3 seconds?) LinkedIn added 2 new members. Another member. And another. You get the idea. That was two more…
P.S. why not yoin our group on LinkedIn while you are updating your resumé? Will make you look intelligent and innovative. Really!
The Next Web Blog is closely associated with The Next Web Conference which is held annually in Amsterdam, The Netherlands. At this event speakers from all over the world come together to talk about, and show off, the future of the Web. (More info 
[...] dat de financiële crisis de economie ontwricht. Zo is het misschien ook niet toevallig dat LinkedIn het beter dan ooit [...]
[...] sure isn’t surprising that social networks like LinkedIn are adding new users by the second thanks to the credit crunch. But read this: social network MeettheBoss.com says it has attracted 25.000 active members within [...]
[...] Boris reported a few weeks ago, LinkedIn is doing well in these harsh economic times. People fueled by angst surf [...]
[...] Boris reported a few weeks ago, LinkedIn is doing well in these harsh economic times. People fueled by angst surf [...]