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Wednesday, May 21, 2008

Twitter Attracting Venture Capital Attention

Gigaom is reporting that micro blogging service, Twitter has ignited a bidding war amongst venture capital firms who are hot to get in on the companies next round of financing. Twitter has been spreading like wild fire amongst the tech savvy but has had it's growing pains too. Some of the companies senior staff members have left, willingly or otherwise, due to difficulties scaling the service and numerous outages as the result. Nevertheless the valuations for Twitter are said to be upwards of $70 million, though there is no clear business model as of yet.

If you are yet to give Twitter a try I'd encourage you to do so, though be warned it is addictive. You can follow this blog by adding GreatBigGeek to the list you are following or message me direct @GreatBigGeek!