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March 03, 2009

Why everyone is Twittering

Here's what a venture capitalist at one of the firms that invested $35 million recently in non-revenue generating Internet & mobile app firm Twitter told The Deal.
"Most people don't realize the actual scale of Twitter," IVP general partner Todd Chaffee tells The Deal. "It already has millions of users and thousands of applications that have been built upon its platform, and the company is less than three years old. It's rare to find a company with such rapid growth, and the business is starting to accelerate now that they have hit the inflection point in their growth curve."

Here's what Jon Stewart of the Daily Show on Comedy Central thinks of Twitter's growing power.



Hat tip: The Deal


Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of information and networking services to the private equity and venture capital ecosystem in India. View free samples of Venture Intelligence newsletters and reports. Email the author at arun@ventureintelligence.in