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Despite large-scale successes by Facebook, LinkedIn and Twitter, innovation in the social networking sector is alive and well.

Reid Hoffman at D

Reid Hoffman, LinkedIns co-founder and executive chairman and Silicon Valleys so-called start-up whisperer appeared onstage today with LinkedIns CEO Jeff Weiner at D: All Things Digital to speak about social networking and his investments at Greylock Partners.

I think the Valley declares old trends dead before they should be, Hoffman said. In particular, he said, with the success of various social networks, investors and entrepreneurs think its dead.

Hoffman says hes still seeing a lot more opportunities. In fact, his last two investments qualify as social: Wrapp participates in the social gifting space, while Edmodo allows teachers to create secure classroom communities.

In terms of the overall investment scene, Hoffman voiced the criticism that theres so much money chasing the same deals in Silicon Valley that, as a result, valuations are artificially high and unsustainable.

AllThingsDs Kara Swisher asked what the long-term impact of that will be, but Hoffman said he didnt know.

Im living in this boat along with you, he said.

No, Swisher corrected, shes not in the same boat. Im on land, waiting to see if you sink.

Originally posted here:
LinkedIn's Co-Founder Reid Hoffman Says Social Innovation Isn't Over