Twitter near closing $100 mln investment deal(marketwatch.com)
marketwatch.com
Twitter near closing $100 mln investment deal
http://www.marketwatch.com/story/twitter-near-closing-100-mln-investment-deal-wsj-2009-09-24
5 comments
This seems like alot to pay for a company that's raised funding twice before and still isn't anything resembling profitable.
They've got time before they have to worry about profit. Something as large as Twitter is almost definitely monetizable, so it makes sense for people to invest now on the incredibly high chance that one day it makes insane amounts of money for its owners.
I'd pay $1000 for one millionth of Twitter.
(Hmm, when I put it that way it sounds crazy.)
(Hmm, when I put it that way it sounds crazy.)
Does anybody know the kind of timeframes Twitter is looking at before they are expected to make some money?
By my estimate (based on absolutely no knowledge or skill) it would seem that they're looking to do something in 3-5 years or so.
By my estimate (based on absolutely no knowledge or skill) it would seem that they're looking to do something in 3-5 years or so.
Now please refrain from telling us again how useless Twitter is. By now we know that some people don't actually like or use it.
The ability to raise $100m doesn't mean something is useful or will be a good business. It just means some people with money to invest think it will.
Maybe some people throw away $100m but nonetheless I'm tired of some HN users bashing Twitter each time a twitter VC story likes this comes up.
Whenever a twitter VC story comes up there's not much else to do except debate whether the company will ever be worth that much.
Last time it came up people were complaining how they don't use it and hate it. This is not a debate, it's nagging.
So this time you decided to preemptively complain about that complaining? (Which hasn't happened in this thread yet)
Regardless, $100m seems like an awful lot :/
Regardless, $100m seems like an awful lot :/
It's not that they want to throw it away, but that they might be wrong. People have been wrong with a lot more than $100m at stake. $100m of other people's money at that.
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