Back in 2008, when Twitter had few users and even people in the technology sector were wary of its use, Boston venture capitalist Bijan Sabet gave the fledgling social media company millions of dollars.
Already avid users of Twitter back then, Sabet and his colleagues at Spark Capital grasped the potential of the 140-character communications tool when others dismissed it as a fad. Sabet was one of the venture world’s early believers in social media, and that faith has been rewarded with fortunes several times over.
And when Twitter goes public later this year, those holdings could be worth $640 million.
“You’ve got to have guts, and they have that,” fellow venture capitalist Neeraj Agrawal said. “If there’s any question about social media being a fad, that’s behind us.” Full story for BostonGlobe.com subscribers.
Michael B. Farrell can be reached at email@example.com.