Where Twitter Ranks in Venture Funding History
When it comes to hauling in venture capital, Twitter has vaulted into the ranks of some notorious losers–remember Webvan?
In just two years, Twitter has raised roughly $155 million in venture capital, including $135 million this year. That’s a staggering sum for a revenue-less company that operates on the Web where capital-efficiency is underscored and technology costs are falling.
It’s even more unbelievable when you look at where Twitter ranks in the annals of venture funding.