Twitter apparently raises $20M, proving that indeed, greed is a stronger force than fear. Going into the week, rumor had it the company was looking to do a $60M pre-money valuation… others said it might go as high as $150M… since we’re playing with monopoly money, let’s just cut down the middle and suppose it was a $100M deal (pre-money, post-money, who cares about now, right?)
Anyway, let’s say this not being a first financing round, VC will want a more modest 5-10x (instead of the 100x dream or 1x salvage), that’s a $500M to $1B exit.
My only major concern, apart from all of the ones listed here, is, with Facebook’s Status Tool, does Twitter really have a chance to go super mainstream? I mean… are those two features not one and the same?
I wonder what portion of that $20M will go to anti-spam tools.
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