Twitter has received $200 million in financing from Kleiner Perkins Caufield & Byers, according to Twitter CEO Dick Costolo. The funding pegs Twitter’s valuation at $3.7 billion. Clearly, the investors believe Twitter will find an effective way to squeeze substantial revenue from its massive user community. Twitter also has added two new board members — Flipboard CEO Mike McCue and former Google executive David Rosenblatt. “The experience these new directors bring to Twitter, along with this renewed investment, will help us continue to grow as a company and business,” Costolo said.
Loading ...
Twitter Hauls in Funding, Contemplates Revenue
Posted by: Rob Spiegel December 16, 2010 12:44 PMTwitter has received $200 million in financing from Kleiner Perkins Caufield & Byers, according to Twitter CEO Dick Costolo. The funding pegs Twitter’s valuation at $3.7 billion. Clearly, the investors believe Twitter will find an effective way to squeeze substantial revenue from its massive user community. Twitter also has added two new board members — Flipboard CEO Mike McCue and former Google executive David Rosenblatt. “The experience these new directors bring to Twitter, along with this renewed investment, will help us continue to grow as a company and business,” Costolo said.