cchen
Distinguished Member
- Joined
- Mar 19, 2006
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I'm not a big Twitter user but I think it is very powerful, as do some smart people:
Benchmark Capital is a heavy hitter and almost every company they've invested in has been a home run. It will be very interesting to see how Twitter evolves to become more mainstream and start making some money
Biz Stone just announced on the official Twitter blog that Twitter closed a third round of funding led by Benchmark and Institutional Venture Partners last night. We have confirmation from IVP that the round was $35 million, and that Union Square Ventures and Spark Capital also participated. The news gels with our report last month that Twitter was raising a new round at around a $250 million valuation following Facebook’s failed attempt to acquire the company, with IVP as one of the leading investors.
Benchmark Capital is a heavy hitter and almost every company they've invested in has been a home run. It will be very interesting to see how Twitter evolves to become more mainstream and start making some money