Are Professional Networks More Valuable Than Facebook or Twitter?

LinkedIn’s successful IPO brought a renewed focus on professional networks. Although these networks, such as LinkedIn and MyLife, have shown their value for some time, the spotlight is often on Facebook and Twitter. However, as Jeff Tinsley, the CEO of MyLife, explained to us, professional networks have a lot of potential to succeed, as LinkedIn has proven.

“Beyond friends, people are looking for others to hire, and they’re looking to get hired,” he said.”

While the economy has probably assisted in this trend, it does seem that users are more aware that new media is a very effective means for finding employment. MyLife is trying to combine both professional and personal elements in its network to provide a solution for all users.

Tinsley told us that as users come to rely more on professional networks, additional IPOs could be expected.