As I've mentioned before, the plan for Obvious is to build a series of products, which hopefully gain from being part of the greater whole. I also said, "When justified by growth, resource needs, and desire of the team, we will spin off growing properties to form their own entities...."
The time has come for Twitter to make that leap. We're happy to announce that Twitter is graduating from the home of Obvious and becoming its own company—appropriately named, Twitter, Inc.
What does this mean? By some measures, it's just a legal technicality. Because we haven't had time to devote to anything else, Twitter is the only thing Obvious does (except for some occasional maintenance on Odeo, which will continue until we transfer it to its new owner). And all the people who work for Obvious will continue to work on Twitter (albeit, in different capacities in some cases).
The reason for the shift is because, as Twitter continues to grow, it will gain less from being under the Obvious umbrella and perhaps even push that umbrella until it flips inside out. Which doesn't make the umbrella happy, and just gets in Twitter's way. Perhaps I took the metaphor too far. The point is, we have big plans for Twitter, and it should stand on its own.
The CEO of Twitter, Inc. will be Jack Dorsey. Besides being the genius behind the Twitter idea, Jack has shepherded the project from its humble beginnings to this day. The rest of the team (currently, seven others) will continue their roles.
My title is co-founder—in addition to board member and investor—so I'll continue to be closely involved and helping out in many ways for the foreseeable future. Twitter is still my main concern, and I have no desire to create distractions from that. But this does clear the way for Obvious to pursue new projects when the time is right.
Labels: twitter
28 Comments:
-Case, from NYC
Two reasons:
1. Investors can buy stakes of Twitter without having control over other Obvious Inc. products.
2. Seperate teams make it easier to develop other products.
So over the time, Obvious Inc. will become a holding organisation that test-tubes projects and spins them off if they have market potential.
Scilla Andreen
CEo & CO-Founder IndieFlix.com
wasup ??
just saw ur blog find it really kool,it really rocks man hey i've got this really kool!!nd krazyy kinda website check out the link below
http://www.bigadda.com/Boss/quiz.php?type=web&uid=308
it rockzzz.....
cheerrzzz..!!!!
I have created my blog at 9th July 2007.
Till today 10000 Visitors visited my blog.
my blog adress: www.softwaredownloadlink.blogspot.com
if you are agree then mail me at biplab4help@gmail.com
We would like to do an interview with you about your blog for
www.BlogInterviewer.com . We'd like to give you the opportunity to
give us some insight on the "person behind the blog."
It would just take a few minutes of your time. The interview form can
be submitted online at http://bloginterviewer.com/submit-an-interview
Best regards,
Mike Thomas
Whan i saw about your page, i think it has a great potential, i hope you grow as fast as you can, and if google makes and offer.. say.. we are going to think about it.. well i wish you the best and think in mexico as a good market..
I really liked your ideas and the philosophy behind setting up the company.
I have an idea about a potential application, but I have no software skills to write any program. Would your company develop programs based on my idea?
Rajdeep :)
You rock baby. I read about you in INC.
Any advice for me? I am a realtor (please, no real estate pokes) but more interestingly to you probably, I have a video virtual tour company called "VIRTUOO" pronounced virtue. www.virtuoo.com
I read that you are looking to invest in companies. I am looking for investors. We video homes for realtors and put them on our cable tv show in Temecula,CA for $149. We started in December and we have sold about 25 video tours.
Thanks and I'm gonna cut and paste this into an email to you,
George Hartline
www.virtuoo.com
Post a Comment
Subscribe to Post Comments [Atom]
Links to this post:
Create a Link
<< Home