Anybody see today’s New York Times, where Biz Stone (co-founder of Twitter) was interviewed and stated that they are not focused on making money. According to the Times:
Twitter, a company in San Francisco that lets users alert friends to what they are doing at any given moment over their mobile phones, recently raised an undisclosed amount of financing. Its co-founder and creative director, Biz Stone, says that the company was not currently focused on making money and that no one in the company was even working on how to do so.
Did we learn nothing from the last dot.com boom when investors threw money at anything new and flashy? I use and like Twitter, though have never seen an ad, paid a fee, or even seen a way to buy a Twitter hat or t-shirt (which I will be happy to buy!).
According to Stone:
“At the moment, we’re focused on growing our network and our user experience,” he said. “When you have a lot of traffic, there’s always a clear business model.”
So, they have a business model, but it is not involved with making money, or at least none in the near future. Of course, he is the one getting interviewed by the Times, and not me. I am sure there is something to be said about that, though I am not quite sure what . . .
Ahh, life is good!