Something to tweet about: Twitter valued at $1B

Sep 25, 2009

Something to tweet about: Twitter valued at $1B

In the News, Valuation , 0 Comments

Today our managing partner Ken Marlin was quoted in a discussion of twitter’s valuation by Michael Liedtke for AP News.

Twitter Inc.’s founders now have a billion-dollar baby, and they seem determined to raise it without a corporate parent. That was the message underlying Friday’s news that Twitter has lined up $100 million to finance its operations while founders Evan Williams and Biz Stone plot ways to make money off one of the Internet’s most popular communications tools. The investment values the 3-year-old company at $1 billion, even though it has yet to generate any meaningful revenue, let alone profits.

“This is a smart move by Twitter because it buys them more time to capitalize on their momentum and come up with a business plan,” said Ken Marlin, a technology investment banker in New York with Marlin & Associates.

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