Twitter: Raised Approx. $5mm at Approx. $20mm Valuation

Twitter didn’t announce a valuation or amount in the financing last week (led by Union Square Ventures), but Michael Arrington at TechCrunch says he “sniffed around” and concludes that Twitter raised $5 million on a $20 million valuation.  Our sources say that’s not an embarrassing estimate.  TechCrunch.

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