If you're an internet entrepreneur and you could pick any company to invest in your startup, which one would it be?
Chances are Google would be at or near the top of the list. And for good reason: Google is not only the 800-lb. gorilla of the internet and one of the most prominent companies in the world, it has been fairly aggressive over the years in acquiring young startups, from hot consumer plays like YouTube to enterprise ventures like Postini.
Everybody knew that the economic crisis would have a profound impact on VC-backed technology startups. Many that had been able to raise lots of funding when times were good focused on growth instead of revenue, grew headcount rapidly and planned for M&A levels and IPOs that were a part of an economy that is now a fading memory.
With many VCs unwilling or unable to continue supporting portfolio companies that haven't found a way to support themselves, it was only a time before waves of startups started closing their doors and selling themselves at firesale prices as they ran out of cash.
Twitter, the popular microblogging service that has become a favorite
social media marketing tool, has signed a term sheet to raise more
venture capital money at a $250m valuation. That's according to a report
published this weekend by TechCrunch.
Thus far, Twitter has raised approximately $20 million in funding. The dollar amount of the latest round is not yet known.