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Twitter Gets Another Round of Funding
A tweet deal for Twitter? Well why not, as they've managed to snag another round of financing.
A source familiar with the negotiations tells me that Twitter signed a term sheet for "either $15 million or $20 million" last week. We're still trying to find out who is in, but the word is that it's largely an inside round of funding with one outsider setting the price.
On Friday, Valleywag reported that the company was trying to raise a third round of venture funding.
"There's a lot of interest in the company," says my guy, who is still scratching his head about future business models for Twitter. "It's yet another one of these audience growth stories without any understanding of how they'll turn into a business."
Right, a familiar mystery. It's cool, but how do you make a profit off of it?
A source familiar with the negotiations tells me that Twitter signed a term sheet for "either $15 million or $20 million" last week. We're still trying to find out who is in, but the word is that it's largely an inside round of funding with one outsider setting the price.
On Friday, Valleywag reported that the company was trying to raise a third round of venture funding.
"There's a lot of interest in the company," says my guy, who is still scratching his head about future business models for Twitter. "It's yet another one of these audience growth stories without any understanding of how they'll turn into a business."
Right, a familiar mystery. It's cool, but how do you make a profit off of it?
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Via: News.com | News Archive
Comments
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Right, a familiar mystery. It's cool, but how do you make a profit off of it?
Yes what is their business plan? I've though of many interesting uses for the service, but can't see any that result in them making much money if any at all. Reminds me of Dodgeball
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Copyright © 1999 - 2008 David Altavilla and HotHardware.com, LLC. All rights reserved. Privacy and Terms