Funding Slows For Twitter-Related Startups
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Just over a year ago, we called attention to the big flow of funding going toward Twitter-related startups, noting that $23 million had been put into 11 startups hoping to make a business around the microblog over the preceding year. The trend has reversed itself over the last 12 months.
Research firm CBInsights says $10.4 million was invested in 10 Twitter-related startups over the last year, not counting Twitter itself. Not a drought, but certainly, as the market research firm says, a fairly dramatic drop, considering Twitter’s own growth during the same period.
SEE ALSO: Twitter Start-Up Funding, By The Numbers
The main theory for the decline, according to CBInsights: Twitter’s steady expansion into areas it had previously left to other startups—including mobile apps, URL shorteners, advertising and sharing—has scared some investors away.
Here’s the chart (via Mashable and GigaOm). The green line marks twelve months ago:
Posted In: Advertising, Money, M&A & Venture Capital, Venture Capital, Research & Metrics, Research, Companies, Twitter
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