I am extremely happy to hear this – Linkedin has acquired Slideshare for a cool USD 119 million ( Roughly 630 crore at today’s rate). By any means this is one of the biggest startup success stories. Hearty congratulations to Rashmi Sinha, Amit Ranjan & entire team of Slideshare.
The blog post published by Linkedin does not offer much detail, however Rashmi’s post clearly mentions the strategic fit between Linkedin & Slideshare. Also, Slideshare may not be completely merged with Linkedin from Branding perspective. Here is what Rashmi says in her blog post:
So, what does this news mean for you – our dear users? I want to address the question that often comes up with acquisitions. People often worry whether the service they use is going to go away. If not today, then tomorrow. I want to assure you, that will not happen here. The SlideShare you have come to know and love will remain a place where you can continue to upload, share, and find presentations that help you grow professionally.
What does this mean for SlideShare the company? I will continue to run SlideShare and our team will continue to do what we’ve been doing, which is to develop new features and make the site even better. Over time you will see some integrations that take advantage of the great fit between SlideShare and LinkedIn.
You could ask why did we agree to sell? For one, I firmly believe that SlideShare will grow faster with LinkedIn. Second, I have watched as LinkedIn has grown from being a place to share your resume to a much richer site, where you go to keep up with what your professional network is doing and sharing. We like the path they are on, and are excited to join them on this journey.
This acquisition is probably one of the biggest successes in Indian startup Industry – I am sure this will provide a great fillip to entire Indian Startup Ecosystem.