@arrington: Twitter’s Raising More Money [rumor]
Mike says that Twitter’s working on raising another $50 million at a $1 billion valuation. They have around $30 million still in the bank after their last fundraising effort, which netted them $35 million at a $250 million valuation.
Fuller story here at Techcrunch – (http://www.techcrunch.com/2009/09/16/twitter-closing-new-venture-round-with-1-billion-valuation/ )
I’m convinced, now more than ever, that raising money is Twitter’s business model.
