Twitter, a communications tool for marketers, self-promoters and journalists, is trying to raise a third round of venture capital Silicon Alley Insider reports cofounders Evan Williams and Biz Stone are looking for $15 million, valuing the company at $60 million. Current investors include Union Square Ventures and Charles River Ventures.

A source says Twitter signed a term sheet with Spark Capital a couple of weeks ago, and Spark partner Bijan Sabet was in San Francisco today visiting “a very special company.” Other hints on Twitter: cofounder Evan Williams remarked that he was walking down Newberry Street in Boston late last month. Spark Capital also tends to work closely with Union Square Ventures, one of the existing investors in Twitter.

[Source]

Twitter, a communications tool for marketers, self-promoters and journalists, is trying to raise a third round of venture capital Silicon Alley Insider reports cofounders Evan Williams and Biz Stone are looking for $15 million, valuing the company at $60 million. Current investors include Union Square Ventures and Charles River Ventures.

A source says Twitter signed a term sheet with Spark Capital a couple of weeks ago, and Spark partner Bijan Sabet was in San Francisco today visiting “a very special company.” Other hints on Twitter: cofounder Evan Williams remarked that he was walking down Newberry Street in Boston late last month. Spark Capital also tends to work closely with Union Square Ventures, one of the existing investors in Twitter.

[Source]