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Revenue-Generating Products In the Mix for Twitter

Twitter Gets More Money Without Asking

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Twitter co-founder Biz Stone announced some big news today about the company accepting an offer it couldn’t refuse. Twitter has not been actively seeking funding, but due to its enormous growth, some parties just couldn’t resist courting them.

Big News at Twitter HQ - Biz Stone Tweet

"Last night, we closed on funding with our friends Peter Fenton from Benchmark and Todd Chaffee from Institutional Venture Partners," Stone explains. "When Ev [CEO Evan Williams] and I visited IVP we were very impressed and Benchmark’s approach regarding teamwork was equally inspiring—every partner is invested in each others success."

With this new funding comes big plans for Twitter. Exactly what those plans are have not been revealed, but Twitter enthusiasts can rest assured that there will be some monetization involved.

"We are now positioned extremely well to support the accelerating growth of our service, further enable the robust ecosystem sprouting up around Twitter, and yes, to begin building revenue-generating products," says Stone. "Throughout this year and beyond, our small team will grow much bigger to meet the challenges and opportunities ahead."

Word is that this round of funding amounted to $35 million. Stone also noted that they still have money left from investments made last year by Spark.

Revenue-Generating Products In the Mix for Twitter
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  • http://lunarez.net mcdamas

    Glad to hear that a site like Twitter share the revenue with its members. It’s fair.

    • http://Xerces.com/ dalaixerces

      Let’s certainly hope so! A lot of people, myself & my company Xerces included, have invested themselves quite heavily in Twitter.

  • http://nuurl.us/f5ea6 Poseidon SEO, SEM, SMO

    It’s about time for revenue sharing and make plans for the future…

  • http://www.cebaf.com/ Atomic Physician

    I hope the monetization and any revenue share is kept simple – the main attraction of Twitter in any case is its simplicity and the concise info shared – this could easily be diluted with advertising and lose users.

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