Twitter gets some cheddar
Full disclosure – I don’t use Twitter and can’t really see the reason to for now.
So Twitter got some money. Good for them.
I think the platform (read: business model) will change significantly in the next few months. I can’t see this – as Don Dodge described it - “one way bursts of irrelevant chatter for the ADD (Attention Deficit Disorder) crowd” adding any really value the way it is right now. I think the platform can be used for communication in a way that it’s not doing now and the twitter team got the right people in the mix to make that happen.
I also think there are so many substitutes for this (including updating your status on facebook, which some people do constantly) for the service right now that I can’t see it’s user base getting to the tens of millions that would make a good exit possible. Again not the way the product is being packaged today.
It’s also interesting to hear that Twitter got funding without a business plan or no business model. What next people being funded without an idea? If that’s the case and if any VC’s are reading this I’m ready for a meeting.
