It looks like Tweetdeck just sold for $30m – so what does the founder have to say?

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Mentos: The Science Maker!

While TechCrunch has reported a rumour that UberMedia has just acquired TweetDeck, the company itself is staying tight-lipped. CEO Iain Dodsworth told me today “We’re not going to comment on acquisition rumours.” Heck, that’s his prerogative. That being said, we have very good sources that told us today that the deal was for $30 million, UberMedia’s largest deal yet. Bill Gross’ company, after buying EchoFon, another popular Twitter client, now controls 20% of the userbase of Twitter.

TweetDeck had raised a little over $5 million in funding. But it started from humble roots.

My first interview with TweetDeck’s Dodsworth was at TechCrunch 50 in 2008 in the form of a podcast I laughingly called Butcher’s Bunch (archive here). At the time Dodsworth explained how Tweetdeck had largely started out as a hobby project.

But it was clear that many, many Twitter users loved his interface onto Twitter. Suddenly you could filter people you followed into manageable groups. It was a God-send for journalists like me wanting to track the market. I even used it to break stories.

Not long after, in January 2009, Tweetdeck won $500,000 in Angel backing from Betaworks.

Tweetdeck was now on a roll. Even Mark Zuckerberg admitted to using it that March.

An iPhone app continued the traction, and the desktop air app just got better and better. A Chrome app and further improvement confirmed it as the most powerful Twitter client out there.

Personally I thught it would last longer as an independent, having recently launched it’s Deck.ly product, which felt like a push into the Tumblr space.

But hey, I guess you have to know when to hold them and fold them.

Last word from Dodsworth? He had no further comment, but he did say “The timing of GeeknRolla is perfect…”

Read that how you will. But it looks like he will reveal all there…

  • http://topsy.com/eu.techcrunch.com/2011/02/12/it-looks-like-tweetdeck-just-sold-for-30m-so-what-does-the-founder-have-to-say/?utm_source=pingback&utm_campaign=L2 Tweets that mention It looks like Tweetdeck just sold for $30m – so what does the founder have to say? -- Topsy.com

    […] This post was mentioned on Twitter by Mike Butcher, jeffespo, John Colley, MocaBear and others. MocaBear said: It looks like Tweetdeck just sold for $30m – so what does the founder have to say?: While’ TechCrunch has report… http://bit.ly/gQYlhB […]

  • http://twitter.com/NishCash Nish Cash

    I wonder what plans they have for TweetDeck. They must have a significant plant to profit from the purchase.

  • http://azeemazhar.com/ azeemazhar

    Well done to Iain.

  • Brad Patterson

    What is there business model that would attract an acquisition like this, especially in the face of competition like hootwuite which has made me a happy convertant.

  • http://twitter.com/maxniederhofer maxniederhofer

    I think the perspective of “20% of the userbase of Twitter” needs a bit more granularity. Since we run a fairly large-scale analysis of Twitter users at Qwerly, I’d argue (1) most Twitter users aren’t active, (2) most active Twitter users only consume and very rarely publish content and (3) most people don’t engage in conversations because they don’t know how to reply/retweet, etc. So the active Twitter userbase that actually engages with the content is perhaps 20 million users at best (is that worth the rumoured $10 billion?!).

    I’d guess that with Echofon, UberTwitter and now Tweetdeck, UberMedia controls a majority (?!) of active Twitter users’ engagement with the service. That’s something to ponder.

    Twitter has just stopped whitelisting applications for non-streaming API usage and previously started charging for streaming API usage via Gnip (and soon Datasift?). So the ecosystem is now drastically changing, with the platform itself discouraging the usage it previously allowed and a major ecosystem intermediary emerging in UberMedia.

    Where will this all lead? I’m not so sure, but all this doesn’t bode well for Twitter as a healthy, open alternative to Facebook.

  • http://www.140char.com/2011/02/140char-links-02132011/ 140Char » 140Char Links 02/13/2011

    […] It looks like Tweetdeck just sold for $30m – so what does the founder have to say? […]

  • http://eu.techcrunch.com/2011/04/19/do-i-hear-50m-the-bidding-war-is-on-for-tweetdecks-top-end-users/ Do I hear $50m? The bidding war is on for Tweetdeck’s top-end users

    […] in February we reported – pretty confidently – that UberMedia had acquired Tweetdeck for $30m, although no party had released any official statement. If true then this would have given […]

  • http://brettmbell.com/2011/04/19/do-i-hear-50-million-this-bidding-war-is-about-tweetdeck%e2%80%99s-high-end-users/ Do I Hear $50 million? This Bidding War Is About Tweetdeck’s High-End Users | BrettMBell.com

    […] in February we reported – pretty confidently – that UberMedia had acquired Tweetdeck for $30m, although no party had released any official statement. If true then this would have given […]

  • http://trendoloji.com/?p=1861 Ben 50.000.000 $ Hear musunuz? Bu İhale Savaş TweetDeck’s High-End Kullanıcıları Hakkında mu

    […] in February we reported – pretty confidently – that UberMedia had acquired Tweetdeck for $30m, although no party had released any official statement. If true then this would have given […]

  • http://www.txtjive.com/blog/?p=1067 Do I Hear $50 million? This Bidding War Is About Tweetdeck’s High-End Users | TxtJive.Com

    […] in February we reported – pretty confidently – that UberMedia had acquired Tweetdeck for $30m, although no party had released any official statement. If true then this would have given […]

  • http://www.qibug.com/2011/04/do-i-hear-50-million-this-bidding-war-is-about-tweetdeck%e2%80%99s-high-end-users/ Do I Hear $50 million? This Bidding War Is About Tweetdeck’s High-End Users | Tech stuff center

    […] in February we reported – pretty confidently – that UberMedia had acquired Tweetdeck for $30m, although no party had released any official statement. If true then this would have given […]

  • http://mobilebestapps.wordpress.com/2011/04/19/do-i-hear-50-million-this-bidding-war-is-about-tweetdecks-high-end-users-2/ Do I Hear $50 million? This Bidding War Is About Tweetdeck?s High-End Users « mobilebestapps

    […] is fascinating. Back in February we reported – pretty confidently – that UberMedia had acquired Tweetdeck for $30m, although no party had released any official statement. If true then this would have given […]

  • http://socialgraphproject.org/blog/2011/04/bidding-war-for-tweetdecks-top-users/ Bidding War for Tweetdeck’s Top Users | The Social Graph Project

    […] On Monday, the WSJ reported that Twitter is offering around $50 million for Tweetdeck- a company that reportedly has 11% of active Twitter users. This news comes after UberMedia had supposedly acquired Tweetdeck for $25-$30 million in February. Although no party had released any official statement at the time, TechCrunch quite confidently reported UberMedia’s acquisition. […]

  • http://eu.techcrunch.com/2011/04/22/how-a-tweetdeck-ubermedia-deal-could-cut-down-twitters-bird/ How a Tweetdeck, UberMedia deal could cut down Twitter’s bird

    […] scenario: Back in February we reported that UberMedia, had acquired Tweetdeck for $30m, although no party released any official statement at the time. If true then this would […]

  • http://www.makenoise.co.za/how-a-tweetdeck-ubermedia-deal-could-cut-down-twitter%e2%80%99s-bird/ How A Tweetdeck, UberMedia Deal Could Cut Down Twitter’s Bird | MakeNoise

    […] scenario: Back in February we reported that UberMedia, had acquired Tweetdeck for $30m, although no party released any official statement at the time. If true then this would […]

  • http://jetlib.com/news/2011/04/19/do-i-hear-50-million-this-bidding-war-is-about-tweetdeck%e2%80%99s-high-end-users/ Do I Hear $50 million? This Bidding War Is About Tweetdeck’s High-End Users | JetLib News

    […] in February we reported – pretty confidently – that UberMedia had acquired Tweetdeck for $30m, although no party had released any official statement. If true then this would have given […]

  • http://jetlib.com/news/2011/04/22/how-a-tweetdeck-ubermedia-deal-could-cut-down-twitter%e2%80%99s-bird/ How A Tweetdeck, UberMedia Deal Could Cut Down Twitter’s Bird | JetLib News

    […] scenario: Back in February we reported that UberMedia, had acquired Tweetdeck for $30m, although no party released any official statement at the time. If true then this would […]

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    So cheap, this is so called business.

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