Internet startup
Kelley Blue Book (KBB), that information-rich little package that will tell you everything you need to know about both new and used cars has just taken a step in a whole new direction.
Though various aspects of vehicle performance (include fuel economy) have long been a part of Kelley Blue Book's offering, now they're getting ready for the alternative fuel revolution.
Four venture capital firms are betting Internet startup LinkedIn Corp. is worth $1 billion, highlighting the lofty hopes riding on online services that connect people with their friends, family and business associates.
The 10-figure valuation is implied by a $53 million investment being announced Wednesday from Bain Capital Ventures, Sequoia Capital, Greylock Partners and Bessemer Venture Partners.
The investors received a combined 5 percent stake in Mountain View-based LinkedIn, whose 5-year-old Web site helps people use the Web to advance their professional careers.
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