Twitter gets $35 million in new venture funds

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Twitter gets $35 million in new venture funds - Los Angeles Times
#main internet marketing discussion forum #$35 #funds #million #twitter #venture
  • It will be interesting to see if they ever come up with a business model that makes money.

    From that, it sounds like they spent the first $20 million already, and still haven't made a dime.

    Cheers,

    Neil
    • [2] replies
    • They have one. Keeping milking investors until some goober pays a mint for a service that has yet to make one red cent in revenue. Laugh as they fall on faces trying to monetize it while enjoying a tropical breezes and scantily clad women. Sounds like a pretty sound business plan to me.
    • I think they will...

      I've had a few $1000 plus months using Twitter. If I can do that--I'm pretty sure that Twitter's CEO's can pull it off.

      I just hope they don't clutter the sight with advertising.
  • That's interesting. I guess with that news, people can stop brainstorming how Twitter can make money, because they obviously don't need it right now. They have plenty of time to figure that out, but I think I like their plan right now.

    Keep it free until it goes critical mass and then throw some simple advertisements in the sidebar, and boom making millions from advertising in a very short time.

    I like the simplicity of Twitter - it's a good strategy, keep it about the community right now.
    • [1] reply
    • This time next year, Twitter will be history.

      Sunday February 15th, 2008.
      • [2] replies
  • Nice to hear that news, Twitter is really doing well.
    • [1] reply
    • I thought the easiest and most viable option would have been advertising... whether it be through a third party or they do it themselves just like facebook.

      I guess that if they haven't done so already then this isn't an avenue they wish to go down.
  • [DELETED]
    • [1] reply
    • I don't see that happening


      I'm happy to see the funding, as long as twitter.com stays up, I'm happy
  • Wow that is so crazy!
  • If twitter wanted to make money, they'd just puts subtle ads on the site. Weren't they offered $500M by Facebook and turned it down? Sounds like they can sell Twitter for millions if they wanted to. Twitter seems to be growing but it's fair to ask how long people will be excited about tweeting what they're doing. Marketers are flocking to Twitter to drive traffic to their blogs and niches.
    • [1] reply
    • If it is true, I believe Twitter will regret, especially in this economy situation. Facebook was valued at about 15B, now, maybe just 1.3B for now and still going down. Maybe no one will offer Twitter $500M anymore, at least will not happen again in recent several years.

      just my 2 cents.


      david


  • Twitter is awesome proof that you don't need a revenue model for web 2.0 sites to get rich.

    It's all about the users... people are still giving Twitter money even though they have no profit and nothing except a critical mass of users.
    • [2] replies
    • Well, if the twitter guys are listening here's what they can do. Just add their own commercial interruptions on the free feeds. Small biz gets in for cheap ( you get to have 10,000 followers and follow 10,000) and big biz pays bucks for unlimited followers/following.

      What people don't get is you can choose who is following you by manually approving (keeping your updates private), so you can choose selectively your clients and hand pick.

      And if you get in before the new rules, you don't have to follow them. So there.
    • Those who cannot remember the past are condemned to repeat it.
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