I Can Haz Your Millions?

Cheezburger Networks the company behind I Can Has Cheezburger, Fail blog, and Engrish Funny has announced a $30-million round of funding from venture capital firms Foundry Group and SoftBank Capital, amongst others.

The company plans to use the money to beef up staffing and take the blog network into "new directions" according the Mathew Ingram's GIGaom post. This only goes to prove that all of those Jr. High School teachers were wrong when they said "...nothing good will come of this" or "...you are headed for a life as a garbage collector!"

Twitter Valued At $1 Billion

With over 50 million users Twitter is poised to close another round of financing this time for $100 million placing the value of the 3 1/2 year old startup at $1 Billion. Have a listen to this NYTimes piece on the state of Twitter and the valuation.

Twitters Investors Include Amazon's Bezos

In a blog post last week, twitter co-founder Biz Stone announced who was behind the latest round of financing. Two new funding partners, Bijan Sabet of Spark Capital in Boston and Amazon.com CEO Jeff Bezos of Bezos Expeditions in Seattle. Launching what he's calling 'Project Runway' Stone says "Twitter will become a sustainable business supported by a revenue model. However, our biggest opportunities will be worth pursuing only when we achieve our vision of Twitter as a global communication utility. To reach our goal, Twitter must be reliable and robust. Private funding gives us the runway we need to stay focused on the infrastructure that will help our business take flight..." Most twitter users will agree that the money will be well spent on overcoming the services scalability woes that have many complaining openly about twitter. Hang in there a bit longer folks, perhaps this new money and the expertice of the likes of Bezos can get twitter over the hump.