Twitter Buys Values of N

November 25th, 2008 at 12:00 am
 


rael dornfest

I never tire of saying this but Twitter is the epitome of the social web.  As such, it makes them an excellent example of a Silicon Valley startup, small, lots of interested buyers, still private, loads of cash.  This year Twitter raised a rumored $15 million from Jeff Bezos.  Twitter has been using the money to grow the company by buying other startups which they find useful.

Today they announced that they’ve bought another one, Values Of N, and more interestingly, closed it down.

Today we’re thrilled to announce that Twitter has acquired the assets of Values of n, which include an intelligent sticky-note application as well as a personal productivity application that works over email, SMS, and the Web. … Values of n will be shutting down existing products. However, the technology behind the scenes will live on and potentially re-emerge as part of Twitter’s systems, services, user experience, or open source libraries.

More importantly however, they acquired an engineer.  Rael Dornfest, the founder of of the company they just bought is now a Twitter engineer.

Rael Dornfest is a famously talented engineer, author, and entrepreneur. Before founding Values of n, Rael served as Chief Technology Officer at O’Reilly Media and is known for his pioneering work on RSS as well being the series editor of O’Reilly’s celebrated Hacks books.

So going back to Twitter being the epitome of the Silicon Valley Startup, they indeed are!  If you need a technology, buy it.  If you want talent, buy it.  As simple as that.