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A comment on Twitter Raises $35 Million Series C From Benchmark and IVP, Others. Parent comment

Re:Twitter Raises $35 Million Series C From Benchmark and IV... by misuba on Friday February 13, 2009 @05:14PM (#480532)
My guess is that they aren't, by and large. This is a recession-insurance round, to make sure they have all the runway they need even if things get so fucked that their first shots at revenue generation don't take.
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Re:Twitter Raises $35 Million Series C From Benchmark and IV... by agotterer on Friday February 13, 2009 @05:17PM (#480539)
Fair enough... But what have they spent any money on thus far? They have a small team and a bunch of servers. I'm having trouble placing the need for this amount of money plus the other rounds.
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Re:Twitter Raises $35 Million Series C From Benchmark and IV... by agotterer on Friday February 13, 2009 @05:53PM (#480578)
To follow up... According to their crunchbase page they have raised $55M. Their website says they have 33 employees (more then I thought).
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