Posted on 26 September 2009 by tibtv
WSJ reporting Twitter to raise $100M at $1B valuation. I give the whole company a 1 in 10 chance of success (defined as all investors making money) given the valuation it must maintain assuming this financing closes. I do wish fellow entrepreneurs the best in their ventures but I’m upset about this that you can see in a national speech I gave at the Commonwealth Club of California last month in which I confirmed these kinds of financings are sucking the oxygen out of Cleantech financings:
http://fora.tv/2009/08/05/Entrepreneurism_Begin_With_The_End_In_Mind_Jon_Fisher#_Did_Facebook_and_Twitter_Miss_Their_Window_For_Profit
Jon B. Fisher
http://www.jonbfisher.blogspot.com
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