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Twitter To Get Bigger With Venture Capital Funding
A Reuters Blogger has dug into the story that the social networking and micro-blogging site, Twitter, has received somewhere around US$35 million in venture capital from Benchmark Capital and Institutional Venture Partners. The exact amount of the funding has been unconfirmed. It sounds like Twitter plans on using some of the funding to produce a way to generate revenue.
Venture capitalists are stingy with their money right now, but that doesn’t mean they won’t shell out a few dollars for a hot Internet startup like Twitter. The micro-blogging website announced on its blog it had received new funding from venture capital firms Benchmark Capital and Institutional Venture Partners, although they didn’t say how much. Some folks are reporting it’s in the neighborhood of $35 million.
Posted by | Mon, Feb 16, 2009 - 08:13 AM
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