Twitter Is Now Worth $3.7 Billion

Remy Stern · 12/16/10 01:46AM

Billions of tweets have been sent since its last injection of capital. But Twitter has just announced it is getting another $200 million in funding, which puts the micro-blogging service at a $3.7 billion valuation.

The suck-up effect

wagger1 · 06/25/07 10:03AM

In his latest guide to startups, Netscape cofounder Marc Andreessen unwittingly offers a rational explanation for Silicon Valley's Facebook frenzy: Sucking up. First, venture capitalists, in their endless neophilia, started using the social networking site. Then entrepreneurs joined in, too, in hopes of impressing those VCs — brazen attempts, in short at brown-nosing their way to getting funded. The same dynamic applies to Twitter, which is an even better medium for elevator-pitching the Valley's short-attention-span financiers. After the jump, Andreessen's analysis.