Today, Twitter announced a third round of funding from Spark Capital and Bezos Expeditions. With the funding came new investment team members, Bijan Sabet and Jeff Bezos (yes, the Amazon.com guy).
On Twitter’s blog, they called the new round of funding the runway they need:
Twitter will become a sustainable business supported by a revenue model. However, our biggest opportunities will be worth pursuing only when we achieve our vision of Twitter as a global communication utility. To reach our goal, Twitter must be reliable and robust. Private funding gives us the runway we need to stay focused on the infrastructure that will help our business take flight. We will continue hiring systems engineers, operators, and architects, as well as consultants, scientists, and other professionals to help us realize our vision.
The new investors are very excited about Twitter. Perhaps they have the ideas for the new revenue model and I can’t wait to find out what that is. Aren’t we all curious about how Twitter plans on making money?
To me, Twitter has become a requisite part of my overall Internet experience and a normal part of my daily commications. I’m glad to see a third round of funding coming through.
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