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http://www.socialtimes.com/2008/06/linkedin-gets-its-billion-dollar-valuation/
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Social Times: LinkedIn Gets Its Billion Dollar Valuation

Tom OKeefe · 1 year ago

Based on revenues of $100 million (with zero costs) LinkedIn is valued (according to Bizak Calculator) at $399,999,984 - 40% lower than their recent valuation of $1 billion. Using the Bizak Calculator with 20 million subscribers you get earnings of $0.42 per subscriber. Computing EPV for the 5.6 million active visitors then LinkedIn earns $1.49 per visitor.