Early Twitter investors double down on consumer Web start-ups

An illustration picture shows the search for the Twitter IPO date on top of Twitter logos on a computer screen in FrankfurtBy Sarah McBride SAN FRANCISCO (Reuters) – For Twitter Inc's early venture capital backers, some of whom stand to make over 500 times their investment when the company goes public, now is a time not just to celebrate but increase their stakes in mobile and social media. Take Bijan Sabet, the partner at Spark Capital who led his firm's investment in Twitter in 2008. At the time, according to a person familiar with the matter, Twitter was valued at $ 100 million. "Most of what I've been doing," Sabet said in a phone interview, "is being hyperfocused on consumer Web and mobile products." That includes investing in some of the same people who brought him Twitter.



Tech News Headlines – Yahoo! News

Short URL: http://globalnewsmagazine.com/?p=3145

Posted by on Nov 5 2013. Filed under TECHNOLOGY. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

Comments are closed

Photo Gallery

Log in | Designed by Buy Websites

Disclaimer : All content including images in this site is copyright to their rightful owners. No copyright infringement is intended.