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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
by 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 agobit.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 agoYeah, 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 agoyeah, i see the twitter connection - definitely a good tech synergy there, but would it cost them that much to do it in-house?