Disclosure – I am biased and conflicted as a co-founder of Stocktwits an investor in Tweetdeck , and a tiny investor in Twitter.
When I think of Twitter, I think of one of my favorite movies ‘There Will Be Blood’:
Unlike Daniel who when looking at a map of his the oil territories asks his team – ‘Why Don’t I Own This’, Twitter says please take our API and ‘Please Drink From Our Cup.’
I wish I had a crystal ball for the endgame, but I don’t. I am excited to be in the action right now after Twitter closed on $35 million on Friday .
Through an investment in Betaworks (founded Summize which was purchased by twitter), I have a tiny investment in Twitter and I am a co-founder of Stocktwits which uses Twitter’s API. I am also an investor in Tweetdeck which is like a ‘social media’ control room and now that Stocktwits is integrated into Tweetdeck, the beginnings of a ‘Social Bloomberg’.
As Twitter loads it’s warchest, I have no idea what their plans are, but they have no idea what our plans are. There are blind spots everywhere.
The people who should not have blind spots when it comes to Twitter/Stocktwits/Tweetdeck are companies like Reuters, Dow Jones, Bloomberg, News Corp, CNBC, Verizon etc…I truly can’t believe that none of these companies have made an aggressive move into the space.
If Twitter is too expensive, Tweetdeck surely can’t be, nor Stocktwits. We are not talking 1999 prices to be in ‘The NOW WEB’ business. We are talking fractions of those prices. The upside is filled with uncertainty, but with the early traction and huge customer bases of the old media companies mentioned above, I wonder just how long it will be before someone makes an aggressive move. I mean Twitter, Tweetdeck and/or StockTwits are so simple to use and scalable in users, that even old media/telecom could not screw it up.
In the meantime, I must say, what a bunch of ‘Panzies’ old media has become. As for Telecom, they make me puke. We will be bailing both our soon with TARP at the rate they run their businesses.