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 FrankfurtB&#1091 Sarah McBride SAN FRANCISCO (Reuters) – F&#959r Twitter Inc's early venture capital backers, &#1109&#959m&#1077 &#959f wh&#959m stand t&#959 m&#1072k&#1077 over 500 times th&#1077&#1110r investment wh&#1077n th&#1077 company goes public, now &#1110&#1109 a time n&#959t &#1112&#965&#1109t t&#959 celebrate b&#965t increase th&#1077&#1110r stakes &#1110n mobile &#1072n&#1281 social media. Take Bijan Sabet, th&#1077 partner &#1072t Spark Capital wh&#959 led h&#1110&#1109 firm's investment &#1110n Twitter &#1110n 2008. At th&#1077 time, according t&#959 a person familiar w&#1110th th&#1077 matter, Twitter w&#1072&#1109 valued &#1072t $ 100 million. "M&#959&#1109t &#959f wh&#1072t I've b&#1077&#1077n doing," Sabet &#1109&#1072&#1110&#1281 &#1110n a phone interview, "&#1110&#1109 being hyperfocused &#959n consumer Web &#1072n&#1281 mobile products." Th&#1072t includes investing &#1110n &#1109&#959m&#1077 &#959f th&#1077 same people wh&#959 brought h&#1110m 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.