Raising money for Twitter.

Going where VCs have yet to succeed.

What prompted this site

Share/Save/Bookmark

comments

10 Responses to “What prompted this site”

  1. zeroinfluencer on June 5th, 2008

    Looking forward to see if the communities are more powerful than the VC’s.

  2. Tom Himpe on June 5th, 2008

    How much money do you think Twitter actually needs?
    And why aren’t VC’s pumping money into Twitter, given the fact that Twitter has proven to be rather successful?

  3. Charles Frith on June 5th, 2008

    I think they should start again. No big deal to go off air for a free product. I also think they should talk to me about how to make money out of it. But I’m not cheap!

  4. alfie on June 5th, 2008

    it’s not about money. At all. It’s about systemic architectural issues that they’re doing their best to address, it simply takes time, they made some very bad choices early on.

    They’ve taken 5.4 million from a variety of investors, as well as Series C from Digital Garage for Twitter Japan.

    Sorry to say it, but this is a very silly idea (although entirely from the right place).

  5. alfie on June 5th, 2008

    errrr - are comments being held in a moderation queue? There’s no message given so it’s very unclear….

  6. alfie on June 5th, 2008

    ah - I just tried to leave a message with many links (to Twitters funding) - possible you can allow that through your spam filter?

  7. alfie on June 5th, 2008

    in short: you’re ignoring the 5.4 million dollars in funding and C series round from Digital Garage why now?

  8. admin on June 6th, 2008

    Thanks all.

    Tom - Surely Twitter will have to make money, or have a sound business model to make some money in the future before VCs will pile in there. As Alfie points out, there has been a fair chunk promised recently (annnounced after I’d started this going and I thought it was such a good idea I might still carry on), but things aren’t happening that quickly are they?

    We could go all Japanese and serveads, but I think Twitter realises that starting ads would alienate a lot of it’s users. I do actually think a modest subscription/payment model might work. This site might (or might not) give some indication about that in due course… People may well be less inclined to donate since all the VC funding was announced, but the principle might still be sound?

    Alfie - as for the comments, I’ll look into that. I’m not an expert coder (which I expect is pretty obvious), but will check my wordpress/dreamhost settings to see if I can speed things up. Also - just noticed no rss feeds on the comments. Will try and sort that too, but probably at the weekend. Got a day job to do now…

  9. Peter Cooper on June 6th, 2008

    You’re all under-estimating it a bit. Twitter has raised $15 million - http://gigaom.com/2008/05/21/twitter-series-b-funding-done-raises-15-mm/

  10. Charles Frith on June 9th, 2008

    Just to put things into perspective Xiaonei.com the Chinese Facebook raised 430 million dollars. Roughly speaking they have the same amount of community as Twitter.

    http://venturebeat.com/2008/04/30/xiaonei-the-facebook-of-china-raises-430m-better-funded-than-facebook/

Leave a Reply




  • What is the Twitterfund?

  • Twitter is fantastic. Let’s get that straight. It’s addictive, useful and fun.

    But it’s also highly tempremental. Sometimes it just doesn’t work. Which does no-one any favours.

    Following an original tweet from @zeroinfluencer I decided to do something about it.

    The challenge: to try and raise Twitter some money. By asking people who use it to make a small donation.

    On 1 September 2008 I’m going to hand whatever this site has raised over to Twitter.

    So please do contribute. And ask your friends to, too.

    Who knows whether or not we can have the same influence as the VCs (or the same amount of cash), but I hope we can influence the way Twitter develops for the better.

  • Some smallprint

    I am nothing to do with Twitter. I just like it. I promise to keep any money donated safe (or rather PayPal will) until I hand it over in September.

    You'll just have to trust me.

    But if anyone knows any proper legal reasons why I shouldn't be doing this - please let me know, and I'll stop.

  • RSS Tweets about the Twitterfund

    • An error has occurred; the feed is probably down. Try again later.