LinkedIn CEO Dan Nye just stopped by CNBC for a post-funding victory lap. No stunning news here, but Dan does emphasise that the exit plan for his investors will involve that genuine rarity in tech these days — an IPO. Rush transcript courtesy of TVEyes:
Q: Are you entertaining an ipo at any point in the near future?
Dan Nye: Our investors are blue chip. They are the best investors in the world… and, you know, they are expecting to have a return and valuation that is far higher than the $1 billion [we have] today. So we’re building a company with durable revenue streams, capable of being an independent company. They are looking for a return. At some point there is likely there would be an ipo.
*PaidContent kept watching CNBC, and says that later in the day, Bain partner Jeff Glass told the network he expected an IPO within three years.
See Also: LinkedIn Gets Its $1 Billion Valuation