LinkedIn announced a new round of funding at $1 billion valuation. As usual the investors like to brag about how cool and cheap this investment has been. No difference here. Now they seem to be coming to Europe and will then for sure give XING a run for their money. Will be interesting to see who wins this race. I can already see that LinkedIn has a much larger community even in Europe. They don’t have the same depth of contacts yet in Europe but in 12-24 months this might look entirely different. Maybe XING will become an acquisition target by then?