[Posted on June 25, 2008 - 5:41 PM]
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New Twitter investor Bijan Sabet (pictured) of Spark Capital says he had been talking to the company's founders since shortly after he began using the microblogging service more than a year ago. The venture capitalist also says he has continually raved about the service in blog posts. But signing on board as an investor has only made him more enthusiastic and eager to work closely with the company"We are a very good fit with the founding Twitter team. We believe in them, we support their vision and what they are trying to accomplish. We are in synch with their priorities and possibilities around monetization. And we love the product and the roadmap. I use the product everyday," says Sabet, who's other investments at Spark include Bug Labs, Eqal and Tumblr and who was behind Spark's first exit--a 2007 sale of multimedia distribution software maker thePlatform to Comcast Corp., a deal valued at north of $100 million.
"The capital raise will give them the ability to invest in technology improvements, adding more capabilities and ultimately building out the monetization components. I can't talk about the latter but we are excited about the possibilities here." -- Clifford Carlsen
See June 25 post from Tech Confidential
See Bijan Sabet's Twitter blog post of May 17, 2007
See Sabet's Twitter blog post of June 24
See April 18 post about Sabet from Tech Confidential
