The recent success the Twitter IPO is sparking serious investor interest in social start-ups according to Bloomberg. “Twitter’s numbers were a validation of what we were doing” said a representative of DataSift Inc., one of the many social platforms now seeking funding. “I could always tell when there was a big bit of Twitter news in the market because we’d have a few VCs calling us.”
DataSift raised $42 million in angel investments, led by the funding of Insight Venture Partners and their CEO Rob Bailey said that more than 20 different venture capital funds have reached out to DataSift as potential investors since Twitter revealed the size of its own data-licensing business. Definitely a ripe sector for innovation, investment and reward.