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Twitter near closing $100 mln investment deal

onreact-com 17y ago
Now please refrain from telling us again how useless Twitter is. By now we know that some people don't actually like or use it.
- jonknee 17y ago
  The ability to raise $100m doesn't mean something is useful or will be a good business. It just means some people with money to invest think it will.
  - onreact-com 17y ago
    Maybe some people throw away $100m but nonetheless I'm tired of some HN users bashing Twitter each time a twitter VC story likes this comes up.
    - hughprime 17y ago
      Whenever a twitter VC story comes up there's not much else to do except debate whether the company will ever be worth that much.
      - onreact-com 17y ago
        Last time it came up people were complaining how they don't use it and hate it. This is not a debate, it's nagging.
        axod 17y ago
        So this time you decided to preemptively complain about that complaining? (Which hasn't happened in this thread yet) Regardless, $100m seems like an awful lot :/
    - jonknee 17y ago
      It's not that they want to throw it away, but that they might be wrong. People have been wrong with a lot more than $100m at stake. $100m of other people's money at that.
deleted 17y ago
[deleted]
hegemonicon 17y ago
This seems like alot to pay for a company that's raised funding twice before and still isn't anything resembling profitable.
- unalone 17y ago
  They've got time before they have to worry about profit. Something as large as Twitter is almost definitely monetizable, so it makes sense for people to invest now on the incredibly high chance that one day it makes insane amounts of money for its owners.
- lacker 17y ago
  I'd pay $1000 for one millionth of Twitter. (Hmm, when I put it that way it sounds crazy.)
The_Lost_Hacker 17y ago
Rejoice my fellow Twitter Whores!
- The_Lost_Hacker 17y ago
  I see I pissed off the HN whores. Look people, I hate twitter as much as the next holier-than-thou hacker, but you've got to admit that, even if you can't comprehend it, twitter is here to stay and apparently actually has some real value for real people. Yeah, I know you could implement it better in one weekend. Big fucking deal. Here's a news flash for you: They got lucky. Yeah, that's right. Lucky. Just like every other successful startup genius who now makes more money off of his masterblogtion than you'll ever make with your startup. After you get over your hate/jealousy, you'll realize that this giant rolling shit-ball called twitter just got started and it's picking up a lot of shit on the way down. And by shit, of course, I'm referring to money and people. I, for one, have chosen to stand directly in front of this massive shit-ball with arms wide open, eyes to the heavens, hoping I get swallowed up and smeared in massive amounts of shit (money and people). Well, just money really, unless by people we're talking about hot women. I'm proud to be a twitter whore. Embrace the dark side.
tristan_juricek 17y ago
Does anybody know the kind of timeframes Twitter is looking at before they are expected to make some money? By my estimate (based on absolutely no knowledge or skill) it would seem that they're looking to do something in 3-5 years or so.

Now please refrain from telling us again how useless Twitter is. By now we know that some people don't actually like or use it.

jonknee 17y ago
The ability to raise $100m doesn't mean something is useful or will be a good business. It just means some people with money to invest think it will.
- onreact-com 17y ago
  Maybe some people throw away $100m but nonetheless I'm tired of some HN users bashing Twitter each time a twitter VC story likes this comes up.
  - hughprime 17y ago
    Whenever a twitter VC story comes up there's not much else to do except debate whether the company will ever be worth that much.
    - onreact-com 17y ago
      Last time it came up people were complaining how they don't use it and hate it. This is not a debate, it's nagging.
      - axod 17y ago
        So this time you decided to preemptively complain about that complaining? (Which hasn't happened in this thread yet) Regardless, $100m seems like an awful lot :/
  - jonknee 17y ago
    It's not that they want to throw it away, but that they might be wrong. People have been wrong with a lot more than $100m at stake. $100m of other people's money at that.

deleted 17y ago

[deleted]

hegemonicon 17y ago

This seems like alot to pay for a company that's raised funding twice before and still isn't anything resembling profitable.

unalone 17y ago
They've got time before they have to worry about profit. Something as large as Twitter is almost definitely monetizable, so it makes sense for people to invest now on the incredibly high chance that one day it makes insane amounts of money for its owners.
lacker 17y ago
I'd pay $1000 for one millionth of Twitter. (Hmm, when I put it that way it sounds crazy.)

The_Lost_Hacker 17y ago

Rejoice my fellow Twitter Whores!

The_Lost_Hacker 17y ago
I see I pissed off the HN whores. Look people, I hate twitter as much as the next holier-than-thou hacker, but you've got to admit that, even if you can't comprehend it, twitter is here to stay and apparently actually has some real value for real people. Yeah, I know you could implement it better in one weekend. Big fucking deal. Here's a news flash for you: They got lucky. Yeah, that's right. Lucky. Just like every other successful startup genius who now makes more money off of his masterblogtion than you'll ever make with your startup. After you get over your hate/jealousy, you'll realize that this giant rolling shit-ball called twitter just got started and it's picking up a lot of shit on the way down. And by shit, of course, I'm referring to money and people. I, for one, have chosen to stand directly in front of this massive shit-ball with arms wide open, eyes to the heavens, hoping I get swallowed up and smeared in massive amounts of shit (money and people). Well, just money really, unless by people we're talking about hot women. I'm proud to be a twitter whore. Embrace the dark side.

tristan_juricek 17y ago

Does anybody know the kind of timeframes Twitter is looking at before they are expected to make some money? By my estimate (based on absolutely no knowledge or skill) it would seem that they're looking to do something in 3-5 years or so.