LinkedIn leads the way.
Adam Rifkin stashed this in LinkedIn
LNKD went public! It is worth $8 billion as of today, give or take: http://mashable.com/2011/05/19/linkedin-ipo-infographic/
LinkedIn has led the way! Soon there will be other IPOs. This inspires the next generation of entrepreneurial activity (and angel investors!) in Silicon Valley.
...and by the end of IPO day, LinkedIn was worth $8.9 billion. And there was much rejoicing: http://techcrunch.com/2011/05/19/linkedin-closes-at-94-per-share-with-8-9-billion-market-cap/
I think it's safe to say this exceeded everyone's expectations. http://pandawhale.com/convo/53/hows-that-early-linkedin-stock-of-yours-doing
At today's closing price Sequoia's stake is north of $1.7 billion and Greylock's stake is north of $1.5 billion. That's a lotta cabbage. Where they started the day: http://www.xconomy.com/san-francisco/2011/05/19/linkedin-raises-352m-in-ipo/
Here's a set of very happy LinkedIndians: http://www.businessinsider.com/heres-whos-getting-filthy-rich-from-the-linkedin-ipo-2011-5
So I guess LinkedIn can now afford to rent a small country such as Lichtenstein...
The country of Lichtenstein can be rented for $70k a night. I wonder how many nights $1.9 billion buys? http://www.geek.com/articles/geek-cetera/rent-the-country-of-liechtenstein-from-airbnb-for-only-70000-a-night-20110414/
Now there is a solution to the economic woes of the post-bubble era. Rent a state or rent a city or even rent a governor. Anyone want to rent our former governor? I heard he is available. ☺
Actually, it would be great if he would work off all the deficits he created for California 2003-2010 by allowing himself to be rented...
Zuck must be rejoicing
Did Henry Blodgett just call me a "chorus of morons"? http://networkeffect.allthingsd.com/20110519/a-mother-of-a-pop-linkedin-debut-stirs-up-bubble-talk/
Surprisingly level-headed analysis of what LinkedIn might be worth: http://www.businessinsider.com/the-truth-about-linkedin-2011-5
I appreciate that Business Insider link.
Like I knew you would.
Whoops, I used the word LIKE. Everybody take a drink!