http://www.businessinsider.com/twitter-raising-money-at-1-billion-valuation-2009-9#
Dan Frommer | Sep. 16, 2009, 4:20 PM | 1,863 | 11
Tags: Startups, Online, Twitter, Funding
Huge: Twitter will raise around $50 million at a $1 billion valuation,
TechCrunch's Michael Arrington reports, citing "multiple sources." Twitter CEO
Evan Williams reportedly disclosed the round at a recent employee meeting.
Twitter raised $35 million earlier this year, led by
Benchmark Capital and Institutional Venture Partners.
The company has no material revenue at the moment. But it has
huge plans for growth. And when you can raise money at a $1
billion valuation, you do it.
Posted
17 Sep 2009 6:44 AM
by
Robert Velarde
