Twitter investor Fred Wilson’s post about too many Twitter developers simply “filling holes” instead of building killer apps became somewhat literal today. The company that has probably funded more hole fillers for Twitter than anyone else – Betaworks – has a huge hole outside of their office in New York. And that’s a picture of that hole.
OATV partner Bryce Roberts took the picture this morning while he was at Betaworks for a Bit.ly board meeting, and tweeted about it. “Yeah, I took that while I was in their office this morning for our bitly board meeting. Don’t make me regret posting it!” he said in an email.
Too late for that. Funny enough, Bit.ly is one of the hole fillers that Wilson pointed out – a URL shortener. As are many other Betaworks investments like Tweetdeck and, probably, Tweetup.
I say keep filling those holes, Betaworks. Your Summize hole-filler brought in a ton of Twitter stock, we heard. Maybe some of your newer investments will, too.
Bryce co-founded O’Reilly AlphaTech Ventures (OATV) in 2005. At OATV he focuses on consumer and enterprise software and services investments. Prior to OATV, Bryce sourced and lead a number of successful early stage investments at Wasatch Venture Fund, a Draper Fisher Jurvetson affiliate. In 2004, Bryce co-founded the Open Source Business Conference (sold to IDG) in order to spark a conversation around commercializing the highly disruptive technologies and services emerging from the open source community. Prior to Wasatch, Bryce was...
Founded in 2008, betaworks is a company of builders. A tightly linked network of ideas, people, capital, products and data brought together in imaginative ways to build out a more connected world. At first glance we seem to do many things. But first and foremost, we’re builders, seeking to create a more sustainable innovation model. The more we build, the more we learn, the more we get ideas for peripheral things, all related, connected – in a loosely...
Created in 2006, Twitter is a global real-time communications platform with 400 million monthly visitors to twitter.com, more than 200 million monthly active users around the world. We see a billion tweets every 2.5 days on every conceivable topic. World leaders, major athletes, star performers, news organizations and entertainment outlets are among the millions of active Twitter accounts through which users can truly get the pulse of the planet.