The new values investment Twitter to 3.7 billion, which is more than three times its value, a few months ago. The new infusion of money means that the company can continue its aggressive hiring and had to float a PIT in the foreseeable future.
Investment is something of a departure for Kleiner Perkins, who has recently focused on alternative technology. It also represents a return to more traditional technological investments, after his legendary success investing in Google, Amazon, Genentech, Juniper Networks and Sun Microsystems, to name a few of its investments successfully.
140 Characters "Twitter tweets" took the social networking world by storm, and there is a consensus among the first users its usefulness is that start. Twitter also named Mike McCue and David Rosenblatt, successful entrepreneurs, to its Board of Directors. Former CEO of DoubleClick, Rosenblatt sold that company to Google for $ 3.2 billion. MCue supplier of speech recognition TellMe sold to Microsoft for $ 800 million. McCue also conducts Flipboard, Kleiner Perkins helps create formats magazines for iPad Apple investment.
"We privileged and excited Twitter lead investor's most recent round investments" Kleiner Perkins said in a statement e-mailed to Bloomberg news. "We expect to help the company to become the next great Treasury Internet."
Investment firm follows in the wake of naming Mary Meeker venture capital firm Morgan Stanley Internet analyst as a partner.
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