Startups Raise Money Using LinkedIn?

January 29th, 2010 | by Jason Alba |

I am on a newsletter that Marc Freedman puts out where I learned about an Irish startup, Goshido, that got it’s first round of financing by using LinkedIn.

Only LinkedIn.

And they apparently closed the round in eight days (having been looking at financing for the last 4 years, I find that impossible to believe, but I don’t know what they did).

Read the Irish Times writeup here, or the Business Insider writeup here.

One sentence stands out:

“Clearly, LinkedIn can be used for more than just making contacts and recruiting — it’s a lucrative opportunity for business growth as well.”

That is absolutely right.

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