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This article was published on February 14, 2009


Twitter receives new funding, promises “revenue” and will add staff.

Twitter receives new funding, promises “revenue” and will add staff.
David Petherick
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David Petherick

Scotsman David Petherick is a director & co-founder of several companies, and provides social media strategy & visibility services. Scotsman David Petherick is a director & co-founder of several companies, and provides social media strategy & visibility services. David became known as ‘The Digital Biographer’ after a 2007 BBC radio interview, speaks Russian, wears the Kilt, and is a co-author for the books 'Age of Conversation 2.0, & 3.0'.

Patrick showing our Fleck/Twitter integration trick
 @Jack @Patrick and @Biz

Twitter co-founder Biz Stone, in a post on the company blog entitled ‘Opportunity Knocks’, has announced a new round of funding from venture capitalists International Venture Partners and Benchmark.

No investment figure is confirmed in the blog, but several sources including AFP are citing figures in the region of $35 million.

His key statement regarding revenue models for the service, the subject of a great deal of speculation, was as follows:

“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.” — Biz Stone