According to Techcrunch - LinkedIn's last round of funding puts its value at $1b
Pretty significant - http://www.techcrunch.com/2008/06/17/linkedin-raises-53-million-at-billion-dollar-valuation/
Validates that LinkedIn were thinking smart when looking for quality not quantity of eyeballs.
In Au LinkedIn has 221,000 users
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So the valuation is fair, if not modest. 10x multiple is a discount considering its revenue model is much more robust than ad based web businesses.
Only one quarter of its revenue is display advertising and hence it doesnt suffer the swings that advertising does and more importantly its a diversified.
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