Twitter Raises $35 Million Series C From Benchmark and IVP, Others

Re:Twitter Raises $35 Million Series C From Benchmark and IV... by johnrob on Friday February 13, 2009 @09:07PM (#480754)

For all the comments about twitter being a money burning machine, you have to admit they are in many ways "upstream of revenue" (http://www.paulgraham.com/good.html - second paragraph under examples). They have a lot of users. That's only half the equation, but it's one more half than most companies have.

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Re:Twitter Raises $35 Million Series C From Benchmark and IV... by jacquesm on Saturday February 14, 2009 @05:32AM (#481024)

second that. I personally don't even 'get' twitter but I'm happy they got their investment and I'm sure that if they play their cards wisely they'll do just fine.

Everybody that is second guessing them here should go and prove that they can do a better job, for now the twitter folk are doing a better job than 99% of anybody bitching about them. You wished you were in the possession of even a small share of that money burning machine. They've been very selective about the rate at which they dillute which is showing quite a bit of restraint, they've already rebuffed several buy out offers so it looks like they know what they're doing and they are playing their cards very close to their chest.

Watch and learn.

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