Best-qualified candidates may not be the best fit for the team. LinkedIn’s new search function analyzes a company’s hiring pattern to see if a candidate would be a good culture fit too.
Jobs portal and HR information platform Glassdoor has announced a $50 million Series E round, which will go towards taking the company to new international heights.
MetLife wants to build products faster, and to attract smart developers it’s launched a website for submitting qualifications in JSON, not PDF.
Social news reader site Pulse is now officially joining LinkedIn, with both companies noting the startup’s success at bringing readers the news they care about, which fits into LinkedIn’s increasing media business.
While questions remain about a company that makes companies bid for developers, DeveloperAuction is taking on $2.7 million in first-round funding.
LinkedIn aced its quarter, but it’s still too dependent on recruiting alone.
In the wake of Facebook and Zynga, there’s at least one social tech company that’s pleasing Wall Street. (Yelp is doing okay, too.) LinkedIn’s Q2 revenue grew 89 percent to $228 million, and Wall Street applauded. Some commented that LinkedIn is less dependent on advertising than many social media companies, but even its ad business looked healthy, showing over 60 percent growth to $63 million. Here’s how it is pitching ads these days. As usual, hiring solutions led the way, more than doubling to $122 million. Paid subscriptions were also up 80 percent to $44 million. I’d still like to see LinkedIn become less dependent on hiring and recruiting – a lot of its ad business ties in – perhaps by building out its network as a marketplace for selling business services. It’s a strong player in identity management – for professional identities, anyway – but that’s more of a customer lock-in than a direct revenue opportunity.
LinkedIn turned in a strong quarter and announced a smart acquisition. It seems to have proven staying power and growth potential, addressing some vulnerabilities (e.g., mobile, sales efficiencies) even if it hasn’t cashed in on its platform or identity management opportunities.
Professional social network LinkedIn revealed a strong Q1 performance and capped the day by announcing it was buying SlideShare for $119 million. Revenues doubled to $189 million, and LinkedIn showed a $5 million net profit. Selling services to recruiters grew the fastest among LinkedIn’s businesses, to over $100 million, and advertising the slowest – though still over 70 percent, and well above the online US average – to $48 million. The company raised its guidance for the year. SlideShare is a great fit for LinkedIn: it will add usage and contribute to LinkedIn’s professional identity management efforts. And SlideShare has complementary premium subscriptions and a content/services syndication strategy.
Every tech company tries to hire the best talent available, but there is a lot more to building a great team than just putting a group of talented individuals in a room. Greg Brockman of Stripe shares his top tips for creating an awesome team.