TweetDeck – New Funding

Iain Dodsworth’s London based TweetDeck has raised funding (led by seed funding house Betaworks) that could amount to up to  $500,000. TweetDeck is a free product that rides of the back of the micro-blogging social networking service Twitter.

TweetDeck organizes Twitter feeds into categorizes via the Twitter API and was until recently an Adobe Air desktop application in beta.

Just as with Twitter, we are all waiting to see which path to revenue this burgeoning area of social networking development takes. I’d love to see more than just the standard reliance on advertising revenues. Might there be room for virtual currency, brand partnerships or fee led enterprise level product development (which I gather is Dodsworth’s preferred route)? I wonder how an add-on app such as this as it starts out, gauges the viability of committing funds and resources to development, in the hope that the product that it follows will not decide to develop something of a similar nature. Is there something in the API agreement to give 3rd party developers reassurance? I used to wonder the same thing with all the Apple add-on products. Apple didn’t seem to buy-out many of  the companies that developed off their OS but somehow the ideas and products soon seemed to get incorporated.

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About Aristos Peters
I work rest and play in the digital space, with particular interest in digital startup companies and their need for seed, angel and VC investment. As a NED, I have worked with several start-ups, taking them through funding rounds and also work on investment acceleration and business growth helping companies to become investment ready. Currently about to launch the startup fundraising app D RISK IT (www.drisk.it).

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