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Valleywag
Twitter, a communications tool for marketers, self-promoters and journalists, is trying to raise a third round of venture capital Silicon Alley Insider reports cofounders Evan Williams and Biz Stone are looking for $15 million, valuing the company at $60 million. Current investors include Union Square Ventures and Charles River Ventures. SAI guesses Stone and Williams have pitched Spark Capital, too. Twitter raised $5 million for a $20 million valuation last summer. The company still hasn't found a business model, mostly because users, by and large, view Twitter messages on cell phones or third-party desktop applications, not the Twitter.com website. We find this endless groping embarrassing. Twitter limits messages to 140 characters. Why not shorten it to 120 and slap "Sponsored by Coke" to the end of each message? That seems easier.
Twitter seeks $60 million valuation first, business model later
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12:00 PM on Fri Apr 25 2008
By Nicholas Carlson
943 views
6 comments
Comments
Oh god it's going to happen. After every phrase, you're going to end up saying "brought to you by Carl's Jr. Carl's Jr.: Fuck you, I'm eating!"
Every Calacanis message will end with "Brought to you by Sequoia Capital"
The SMS message length limit is 160 characters. They can already tag on ads.
I assume that the both of them sat in their office with those giant checks you get when you will the lottery and just wrote the largest number they could think of.
Long live Jordan Golson!
Buyback /cough.
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