Twitter: Where’s the Meat

It’s good to see that Fred Wilson is so excited that Twitter has introduced some new tools to invite friends into the fold – good news for anyone who has been patiently waiting for a Twitter invitation or terribly anxious for a way to easily invite friends.

Putting aside why you’d ever want to use Twitter in the first place, maybe Twitter should be focusing some of its attention on creating a business model. Yes, it’s wonderful to have a large user base but if you can’t figure out a way to make money from them or advertisers looking to reach them, what does it matter?

Clearly, Twitter’s investors, which include Fred Wilson’s Union Square Ventures and Marc Andreessen, were thinking big picture when they put some venture capital (reportedly $5-million) into the company last month. Maybe I’m missing something that but I thought the idea of creating a business was to generate sales and profits. Then again, maybe this is a build it (a service) and they (revenue) will come situation but so far, I’m firmly in the show-me camp.

For a chorus of “I’m so happy Twitter is now more user-friendly views”, check out Techmeme. At least, blognation mentions the unclear business model.