How Twitter's owners and top executives say Twitter was founded is different than how Twitter was actually founded.
Mainly, the official version leaves out the role of a major cofounder. Some early Twitter investors also wonder if it also leaves out a scandal.
Twitter is now worth more than $5 billion – and climbing toward $10 billion on secondary markets – so it's worth setting the story straight.
The official telling of Twitter's founding goes like this:
Ex-Googler Evan Williams had a startup called Odeo. It was going to be a podcasting platform. Evan asked his friend, another ex-Googler named Biz Stone, to join him. When Apple launched iTunes, and made Odeo's podcasting platform irrelevant, Evan and Biz and an Odeo employee named Jack Dorsey decided to create something called Twitter instead. Odeo's investors didn't like Twitter, and Evan did them a huge favor by buying back all their stock and making them whole.
According to interviews with about a dozen early investors and employees, the story of how Twitter was actually founded begins with an entrepreneur named Noah Glass, who started Odeo in his apartment.
The story begins about six years ago...
continue reading on link below...
Read more: http://www.businessinsider.com/how-twitter-was-founded-2011-4?page=1#ixzz1JRLPkOLr
No comments:
Post a Comment