Twitter does in fact have a business plan and an idea of how it is going to monetize itself. Its investors just aren’t going to tell you what it is yet.
Todd Dagres, the founder of Spark Capital and one of the VCs that invested another $35 million in Twitter recently, laughs it off when people joke about how Twitter doesn’t have a business model.
“We think it’s kind of funny,” Dagres told Innovation Economy. “We know how we’re going to do it, and we’re very confident about how we’re going to do it, and it’s not necessarily in our interest to tell people how we’re going to do it.”
Dagres says that Sparks and Union Square Ventures are currently the two largest stakeholders in the mini-blogging site.
Twitter is a way of broadcasting an unlimited number of short status updates to the world. Hitwise says it is now the 84th most visited site on the web.
While the business plan hasn’t been unveiled yet, Dagres did give a hint:
“All of a sudden there will be some changes that won’t undermine the experience or the vitality — but it will be pretty obvious how we’re going to monetize it.”
Looking for more clues? Some think that the video below could provide a few – but you didn’t hear that from us…
Related articles by Zemanta
- Twitter VC Laughs at the Idea that Twitter Has No Business Model (readwriteweb.com)
- Twitter gets ‘Richer’ this Valentine.Adds $35Mn+ to its Reserves (techpluto.com)
- Twitter explores future after raising fresh capital (telegraph.co.uk)
- Twitter Raises Third Round of Funding From Benchmark and IVP (techcrunch.com)
- In battle for more status, Twitter raises $35 million (venturebeat.com)
Get Blippitt via RSS feed, Facebook, Twitter, Google+,
and be sure to get our Daily Email Broadcast.
