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lol - i still don't get how bit.ly is valued so high, esp. in light of this. thanks for the links!

• nir 18y ago
  No problem. (BTW I'm not sure bit.ly was a bad investment. Common sense might say so, but that has little to do with which Web companies get bought and for how much. If I was a VC I'd put some chips on a URL shortener, and bit.ly is one of the better (and hyped) ones right now)
  • sachinag 18y ago
    bit.ly's really interesting in that it comes out Betaworks - since it's so closely tied to Twitter, and so many of Betaworks' investments are built on Twitter (Summize, StockTwits, Tweetdeck), they can help push adoption. It's a nice little keiretsu of related companies.
    • nir 18y ago
      Yeah, I suppose it would make sense for Twitter to provide URL shortening themselves, and they'd probably buy someone like bit.ly for this - so betting $2m on it makes some sense (as much as anything makes sense in this area).
      • joshwprinceton 18y ago
        yeah, i see the twitter connection - definitely a good tech synergy there, but would it cost them that much to do it in-house?