22
2009
Fred Wilson Reveals Probable Twitter Business Model
My Internet Week NY review continues on Blonde 2.0 with installment #3. In the midst of my NY hustle, I had the chance to watch influential VC, Fred Wilson speak at The Millennium Broadway Hotel during the CM Summit organized by John Battelle and his guys over at Federated Media. Just a note on the CM Summit – it was absolutely an amazing two day event with many case studies of companies using social media and I thought one of the most well organized and educating conferences I have been to this year. Anyway, back to Fred. Wilson is the Co-founder of Union Square Ventures, blogger of AVC and active NYC philanthropist and he made his usual impeccable impact on the crowd.
Being an investor in Twitter, Fred’s talk touched on what he initially saw in Twitter before investing, what he thinks will happen next with Twitter as far as monetization, and what will eventually happen to Google as social media, like Twitter, Facebook, blogging and blog commenting grow at an imminently fast pace.
He delved specifically into 3 major points on what he thinks will be Twitter’s business model, while writing off immediately the usual ideas of charging people for its use and posting banner ads.
While only a bit of spatter was spent on his other investments such as Boxee and blog comment service, Disqus, he did manage to share with us his general investment thesis as well as enlighten us with his theories on how the “internet disrupts industries” and also entertain us with terms such as “social media ninja.” Hear all about it below:
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About the Author: Ayelet Noff
Ayelet Noff has over twelve years of experience marketing companies from various industries. She has been involved in the social media world before the term social media even existed. Ayelet opened Blonde 2.0 back in 2006. Before this, she was ICQ’s Marketing Manager for four years and also held various executive marketing positions in different startups. She is also a top blogger and currently writes for three different blogs: The Blonde 2.0 blog, The Next Web, and Socialmedia.biz. She holds an MBA degree from Tel Aviv University, and a BA in Politics from Brandeis University.
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