In September 2000 Peter Thiel, Max Levchin, Luke Nosek, and Reid Hoffman held a secret meeting. They gathered at Hoffman’s grandmothers house in Gualala, California. The reason for the secret meeting was to figure out how they would save PayPal. In August 2000, they wasted $12 million dollars in one month without making any revenue. The earliest version of LinkedIn was one of Hoffman’s propositions. At that time, social networks were just starting to take off. The concept of LinkedIn has been particularly relevant in the tech wave that was going on back then. Thus, Hoffman decided to take LinkedIn beyond the napkin stage. At any rate, they later sold PayPal to eBay, and the rest is history.
Today, droves of professionals are joining LinkedIn. They are utilising it in creative ways for their benefit. LinkedIn is one of the fastest growing social networks for professionals. Microsoft, the giant software company, acquired LinkedIn in a $26 billion dollar deal. Leaving Salesforce in the dust! With that said, this history lesson was necessary to put things in context. Professionals must realise how LinkedIn is important for them. Moreover, how it will continue to play an important role in the future.
LinkedIn is a Virtual Resume
LinkedIn is more than just a social network for professionals. It is an online, living, and breathing representation of you or your business. The resume evolves with you, and develops as you, as a business entity, grow. As the business world moves into more tech savvy territories. A LinkedIn profile is a potent way to establish your credibility. It is quite something considering that just a few years ago LinkedIn was nothing.