Twitter Gets Funding from Union Square Ventures

Filed as News on July 28, 2007 5:43 am

Microblogging service Twitter has recently announced that it has raised funding from Union Square Ventures. In the announcement, neither Twitter and Union Square disclosed the amount of the undertaking, nor any specific business model they are looking into. Fred Wilson of Union Square Ventures stressed, though, that they are particularly interested with how Twittering is emerging as a new form of communication on the Internet.

Twittering is an emerging new form of communication on the Internet that changes the expectations associated with other forms of communication and yet it’s fundamentally different than blogging. Twitter provides a platform for banter that blogging doesn’t and it’s available in so many places via IM, mobile text messaging, or the Web that it induces a different sort of behavior. Twitter encourages people to adapt and invent behavior to suit their needs.

Twitter intends to use the funds to “grow [its] resources and focus on the important tasks ahead.” Twitter will continue to work with Charles River Ventures, and cites Marc Andreessen, Dick Costolo, Ron Conway, and Naval Ravikant as angel investors.

[via 901am]

Tags: ,

This post was written by

You can visit the for a short bio, more posts, and other information about the author.

Submissions & Subscriptions

Submit the post to Reddit, StumbleUpon, Digg or

Did you like it? Then subscribe to our RSS feed!

  1. E mavik.June 17, 2008 at 9:05 am

    Your words are your own, so be nice and helpful if you can. If this is the first time you're posting a comment, it might go into moderation. Don't worry, it's not lost, so there's no need to repost it! We accept clean XHTML in comments, but don't overdo it please.