4 ms·
I've been told by people close to the company that it was in the $50-100 million range. Given how aggressive the Backtype guys are, this doesn't shock me at all
by reso 15y ago
I've been told by people close to the company that it was in the $50-100 million range. Given how aggressive the Backtype guys are, this doesn't shock me at all.
$100 mil split three ways is quite a prize.
- learnclojure 15y agoInteresting. Will we see a number if it was $50-100M in stock/cash - at what point do companies need to file with the SEC (or does Twitter not need to file since its still private?) I'm assuming it was at least partially stock, as Backtype investor Paige Craig's tweet suggests (http://twitter.com/#!/paigecraig/status/88304617397563392 http://twitter.com/#!/paigecraig/status/88304617397563392).
- rokhayakebe 15y agoI assumed it was sub 10M. If in fact they sold it for north of 30M, I would be really impressed. This is a team of 3, I believe. Nice work, BT.
- nerfhammer 15y agoit's 4 people: http://twitter.com/backtype/team/members http://twitter.com/backtype/team/members
- skmurphy 15y agoIt would be very hard to believe that there was much cash in the deal. The Wall Street Journal is reporting twitter is raising another round that will value them at $7 Billion (see http://online.wsj.com/article/SB10001424052702304803104576428020830361278.html http://online.wsj.com/article/SB1000142405270230480310457642... ) If you value twitter stock at $7B then perhaps they received $50M in stock,