Home   About   Services   Client Testimonials   Contact   Blog  
Monday, January 01, 2007

The two main business-focused social networking sites, LinkedIn & Xing, have both received additional investment and the signs are that 2007 could be the year these sites really take off.

LinkedIn they've recently closed another $13m Venture round, and Xing completed an over-subscribed IPO last month, valuing them at EUR157m.

But, aside from this investment, the world is finally starting to get that these sites really deliver value. Scott Allen, co-author of The Virtual Handshake, charts many of these stories here.

When I last blogged about LinkedIn back in March 2006, the site had 5 million users. It now has 8.5 million.

Now, LinkedIn had predicted that they would grow to 10 million by 2007, and there has been some talk about the fact that they have missed their target, but they say that they put more focus into improving the site, rather than localising languages for Europe and Asia (which is the route that Xing have taken).

Personally, when you look at how LinkedIn has changed in the last 12 months, then it makes sense, and 8.5 million is still keeping up with the "1 million users every 3 months" Konstantin Guericke talked about in this interview back in March 2007.

So, given that both these sites are still growing, have strong valuations with real revenue streams, and people are starting to understand how to use these new tools... I'm certain that 2007 will see even further growth and uptake of Business Social Networking sites.

And, BTW, I just checked LinkedIn this morning and another 5,679 people have joined my networking in the last two days :-)


Posted by: David Regler @ 8:50 am |   | Links to this post  

Bookmark and Share


Post a Comment

<< Home

You Need a Dynamo to Grow Your Start-up

XING - the ideal platform for international busine...

So, am I really addicted to Sales?

Changing Role of Information Professionals

About Online Databases

Why we're strictly B2B telemarketing (part 2)

What shape is your sales network?

How much is a meeting worth anyway?

Could I be the next Dragon?

Hitting the Cold-Calling Wall

November 2005
December 2005
January 2006
February 2006
March 2006
April 2006
May 2006
June 2006
July 2006
August 2006
September 2006
October 2006
November 2006
December 2006
January 2007
February 2007
March 2007
April 2007
June 2007
July 2007
August 2007
September 2007
November 2007
December 2007
January 2008
February 2008
March 2008
April 2008
May 2008
June 2008
July 2008
September 2008
October 2008
November 2008
December 2008
January 2009
February 2009
March 2009
April 2009
May 2009
June 2009
July 2009
September 2009
October 2009
November 2009
December 2009
January 2010
March 2010
September 2010
October 2010
November 2010
December 2010
January 2011
February 2011
March 2011
May 2011
July 2011
September 2011
October 2011
November 2011
December 2011
January 2012
February 2012

Powered by Blogger

All content © Maine Associates Ltd 2010 All rights reserved. Read our privacy policy