Twitter Secures 3rd Round of VC Funding

Ah HA! I’ve got it – I know what the Twitter business model is!! Just keep getting more VC funding!! This latest round, which Biz announced on the official Twitter blog yesterday, increased Twitter coffers by an additional $35 million, bringing their funding totals to more than  $55M.

Biz said that they weren’t actively looking for funding,  "because significant capital from last year’s partnership with Bijan and his team at Spark is still in the bank." [source] This new round came from interest from two firms who were attracted by Twitter’s phenomenal 900% growth.

Now, as you all know – I love Twitter. I’m a big Twitter evangelist, and I’ve made solid relationships with people that I never would have had the opportunity to meet "IRL".

That said, and despite the fact that Twitter maintains that it’s simply a robust communications utility/tool, I maintain that Twitter is a robust community and one that needs a community manager.

Biz did give me a touch of hope with this sentence:

We are now positioned extremely well to support the accelerating growth of our service, further enable the robust ecosystem sprouting up around Twitter, and yes, to begin building revenue-generating products. Throughout this year and beyond, our small team will grow much bigger to meet the challenges and opportunities ahead. [source]

So, with the phrase "ecosystem" and the fact that their "small team will grow", maybe, just maybe, the Twitter powers that be heard, finally agree and will begin to see their robust ecosystem for what it really is. A giant community, in need of a community manager and evangelist.

[image source: wikimedia commons]