October 5, 2010
We were delighted to see the news today that along with the launch of the new Twitter, previewed on September 14th in San Francisco, the company has a new CEO. Why are we excited? New CEO Dick Costolo was previously the CEO of Feedburner, a Chicago-based startup that was influential in the creation of Tech Cocktail as they were one of the hottest startups in city during that time and our co-founder, Eric Olson, was a part of their team. Dick “The Wizard” Costolo also spoke at our last Tech Cocktail Conference back in May of 2008 sharing his perspective, knowledge and wit in a Q&A session on how to start and run a business.
Twitter co-founder Biz Stone tweeted the news about the change (below).
Former CEO and co-founder Evan Williams shared the news and struggles of a fast growing company by saying:
“The challenges of growing an organization so quickly are numerous. Growing big is not success, in itself. Success to us means meeting our potential as a profitable company that can retain its culture and user focus while having a positive impact on the world. This is no small task. I frequently reflect on the type of focus that is required from everyone at Twitter to get us there.”
If there is one thing that Dick Costolo exemplified at Feedburner, it was getting his team to focus. Dick led a lean team, which basically managed all of the publisher feeds for the entire free world, with laser sharp focus on customer service.
We give a hat tip to Evan Williams in realizing Dick Costolo’s strengths and applying him when the time was right, which appears to be now as Twitter looks to continue to roll out monetization options. Good luck to Dick Costolo – we are pulling for you and we look forward to watching you continue to take Twitter to new heights.
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