June 29, 2011

Twitter Founder Biz Stone Leaving Microblogging Site

Twitter co-founders Biz Stone and Evan Williams are going to start devoting their time to The Obvious Corporation, which was a technology project that eventually helped spawn Twitter.

Stone told the Aspen Ideas Conference on Tuesday that he and Williams will continue to advise Twitter on strategic matters, despite spending their share of the time to revive Obvious.

Stone and Williams were both vague about what they intended to do with Obvious, apart from telling the conference they were excited about building projects that will improve people's lives.

"All the biggest ideas are obvious in retrospect," said Williams. "If we get as lucky as Twitter, that would be great."

Stone also went to his blog to share the news of his envision to start back up The Obvious Corporation.

"The Twitter crew and its leadership team have grown incredibly productive. I've decided that the most effective use of my time is to get out of the way until I'm called upon to be of some specific use," Stone said in a blog post. here

"Our plan is to develop new projects and work on solving big problems aligned along a simple mission statement: The Obvious Corporation develops systems that help people work together to improve the world."

"This is a dream come true!" Stone said.

Twitter was valued at $3.7 billion in a $200 million funding round led by venture capital firm Kleiner Perkins Caudfield & Byers. 


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