In this article we will tell you about twitter funding founders as Twitter has raised yet another round of funding of over $35Mn led by Benchmark and IVP.Twitter,one of the fastest growing web services last year has raised yet another round of funding of over $35Mn led by Benchmark and IVP($21 million and $14 million respectively).The early investors of Twitter namely Union Square Ventures and Spark Capital have also jumped in this time but the funding amount is still under cover. With the latest update on Twitter blog,it seems that the entire Twitter team(29 folks) is happy with the overwhelming growth and future prospects and we can expect Twitter to show up a lot of cards to the world in near future,turning itself a good proposition as a 'Profit making business'. And now when Twitter has attracted more than $55Mn of cumulative investment so far,a stable business model is a 'Must have' for the micro-blogging service.On the contrast,the encouraging fact for Twitter is that they have secured enough funds in their bank that they can last for years without generating
In this article we will tell you about juicycampus shutdown reasons as recently Juicycampus has announced its shutdown.
JuicyCampus,a site that was all about juicy gossips and used to encourage students for posting juicy(sort of cyber-bullying) messages about their peers has officially announced its termination of services.JuicyCampus Founder Matt Ivester wrote a blog post on the company’s blog,announcing website's shutdown and pointing out the reasons for such a traumatic end to their ill-famed service.
Ivester pointed out 'poor revenues' being the major reason behind shutdown,despite steady usage and growth of the site among campuses.
Unfortunately, even with great traffic and strong user loyalty, a business can’t survive and grow without a steady stream of revenue to support it. In these historically difficult economic times, online ad revenue has plummeted and venture capital funding has dissolved. JuicyCampus’ exponential growth outpaced our ability to muster the resources needed to survive this economic downturn, and as a result,we are closing down the site as of Feb. 5, 2009.
Economic pressure is understandable but shutting down a website that's showing steady growth and user loyalty isn't a great idea at all