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LinkedIn began its India operations in 2009 and a serious part of the primary yr was dedicated to understanding professionals in India and educating members to leverage LinkedIn for career growth. By December, the company was valued at $1.575 billion in private markets. In October of that year, Silicon Valley Insider ranked the corporate No. 10 on its High a hundred List of most valuable startups. In June 2008, Sequoia Capital, Greylock Partners, and other venture capital firms purchased a 5% stake within the firm for $53 million, giving the corporate a post-money valuation of roughly $1 billion. In late 2003, Sequoia Capital led the Series A funding within the company. The firm was based in December 2002 by Reid Hoffman and the founding team members from PayPal and Socialnet.com (Allen Blue, Eric Ly, Jean-Luc Vaillant, Lee Hower, Konstantin Guericke, Stephen Beitzel, David Eves, Ian McNish, Yan Pujante, Chris Saccheri).

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