Jeff Weiner: Life in the Middle of the BUBBLE! Media Storm (TCTV)

Sarah Lacy

Sarah Lacy writes for PandoDaily, a news site which she founded. She is also an award winning journalist and author of two critically acclaimed books, “Once You’re Lucky, Twice You’re Good: The Rebirth of Silicon Valley and the Rise of Web 2.0” (Gotham Books, May 2008) and “Brilliant, Crazy, Cocky: How the Top 1% of Entrepreneurs Profit from Global Chaos... → Learn More

Friday, August 5th, 2011

We caught up with LinkedIn CEO Jeff Weiner yesterday, just after his first earnings call as a public company CEO. In an earlier segment we talked about the surprisingly good quarter LinkedIn had; in this one we talk about the company’s insane roller-coaster of an IPO.

I asked Weiner what that week was like for LinkedIn, a company that’s usually the boring social media giant with no pedophile scandals, privacy uproars or stories of meth pipes and abandoned cats. He insists the team wasn’t distracted amid the media frenzy….yeah, I have a hard time buying that too. But he points out that the added pride associated with working at a company worth upwards of $9 billion increased the intensity to execute. I wouldn’t be surprised if all that talk of the company being overvalued lit a spark in the company too.

Weiner and I also talk about LinkedIn’s stunning user growth this quarter, whether companies should reexamine that late 1990s idea of IPOs as marketing events, and whether that user pop is sustainable.

 


Company: LinkedIn
Website: linkedin.com
Launch Date: May 1, 2003
IPO: NYSE:LNKD

With over 100 million users representing over 200 countries around the world, LinkedIn is a fast-growing professional networking site that allows members to create business contacts, search for jobs, and find potential clients. Individuals have the ability to create their own professional profile that can be viewed by others in their network, and also view the profiles of their own contacts. Competitors to LinkedIn include sites such as XING, Doostang and Ecademy. Of note, LinkedIn won...

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Jeff Weiner is the CEO of LinkedIn, where he started in December of 2008 as Interim President. He came to LinkedIn from positions as an Executive-in-Residence for leading Venture Capital firms Accel Partners and Greylock Partners. Prior to joining Accel and Greylock, Weiner served in various leadership roles at Yahoo for over seven years, most recently as the Executive Vice President of Yahoo’s Network Division. In this position he led a team of over 3,000 employees, managing products reaching...

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