TweetDeck – New Funding
January 28, 2009 Leave a comment
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.