As you probably know, Linkedin just went public and its founder Reid Hoffman became a billionaire as a result. Few realize that Reid started the huge networking site from his living room.
If anyone knows the value of connections, it’s Reid Hoffman. In May 2003, the former Apple Inc. and PayPal executive launched LinkedIn out of his living room, inviting 350 of his contacts to join his network and create their own profiles. By the end of that month, LinkedIn had 4,500 members. Today, the 500-employee private company – valued by investors at $1 billion – has some 50 million users. Mr. Hoffman, 42 years old, now enjoys a reputation as a Silicon Valley heavyweight, investing in more than 60 start-ups (including Friendster, Facebook and Digg) and serving on the boards of Mozilla and eight other companies.
And 49 people have recommended him on LinkedIn.
Reid exemplifies the spirit of Antiventurecapital.com
Go read the full story: Launching LinkedIn From a Living Room