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Updated : Mar 11, 2018, 05:40 AM IST
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Twitter investors poised to reap rewards with IP
ZCZ
ANI (Business
Twitter investors poised to reap rewards with IP
New York, Sept 15 (ANI): New York venture capitalist Fred Wilson, a managing partner in Union Square Ventures, has become the earliest Twitter backers set to cash in on the company’s public debut, along with a few others
According to the New York Post, when Twitter was barely a twinkle in co-founder Jack Dorsey’s eye, Wilson, was one of the few investors to see its potential to change the world, and make a lot of money in the process
Wilson invested in Twitter in 2008, when its value was pegged at around 100 million dollars, the report said
Today, analysts say the IPO could value Twitter at a whopping 10 billion dollars, the report added
Along with Wilson, other early investors include Amazon boss Jeff Bezos, Ron Conway, Marc Andreessen and Twitter CEO Dick Costolo, the report further said. (ANI
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