evan williams
Twitter CEO Evan Williams always seems to be where the action is. He sold his blogging company to Google in 2003. He chased the short-lived podcasting craze with another startup. That company accidentally spawned Twitter, the
microblogging service that's stolen the buzz from bloggers. It seems sensible that Williams would sell Twitter to Facebook, another social networking site that actually makes money. So why did he and his board turn down a $500 million offer from Facebook?
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Next Establishment
Preeminent among the magazine world's kingmaking power lists is
Vanity Fair's New Establishment, which appears in the October issue — on newsstands in L.A. and New York today, but not in the Bay Area for another six days. Silicon Valley gets similar short shrift: The names who make it there are predictable bigs like Steve Jobs and Larry Ellison, or Hollywood-crossover types like Jeff Skoll, eBay's first employee turned movie producer. Walt Mossberg, now employed by New Establishment perennial Rupert Murdoch, also squeaked in. The consolation prize
Vanity Fair offers:
Its "Next Establishment" list, reserved for the likes of Twitter's Ev Williams. It's a marvelous piece of New York media trickery — flatter the geeks by making them feel included, but corral them into a side room so the real power brokers aren't offended by comparison. True, the "Next Establishment" suggests that these are people who might matter in the future. But in saying that,
Vanity Fair's editors are also sending the message that right here, right now, its "Next" nominees are nobodies. On this year's list:
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explainer
I feel sorry for Twitter founder Ev Williams. The self-appointed A-listers who've flocked to his service are building an echo chamber worse than the blogosphere circa 1999. Today's pretend crisis: Williams has set an arbitrary limit that allows most Twitter users to follow no more than 2,000 other users' updates. The hip response is to claim that
of course you need way more than that. But seriously, why would anyone try to follow 3,000 Twits? I've summarized
Williams's lengthy post explaining the "follow spam" problem. He left out the part where it costs you money:
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acquisitions
Twitter
has bought Summize, a search engine which indexes Twitter messages. It's hard to imagine Summize going anywhere else. But this deal is not about "strategic fit" or any such nonsense. No, it's about how the cleverly lazy founders of Twitter have found a way around the biggest management headache of all: Hiring employees. Twitter's substantial downtime, and a subsequent blame game about whether former architect Blaine Cook was at fault, shows how often technological problems come down to people. We actually don't think Cook made bad technical decisions — but it's now pretty clear that he was more interested in moving on than staying at Twitter and arguing with founder Ev Williams about how to fix the site. At
$15 million, Summize might actually be a cheaper solution than trying to hire a conventional replacement for Cook.
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breakdowns
TechCrunch editor Michael Arrington has been
publicly losing his mind over Twitter's outages. Now it's his turn to have a server outage. Which makes us wonder: Will losing his TechCrunch fix drive Twitter founder Evan Williams around the bend? Somehow, we don't think so.
twitter
GigaOm
reports: that Twitter founders Biz Stone and Evan Williams "reached an agreement with investors today to raise $15 million in funding at around $80 million pre-money valuation. "It's not true," a VC involved in the deal tells us. "Nothing is done." Silicon Alley Insider's sources
concur.
twitter
Last we heard about microblogging service Twitter's latest funding round, Union Square Ventures partner Albert Wenger told us — and,
via Twitter, the world — that he was taking a lunch meeting at Twitter HQ. That was April 25. Despite rumors of an imminent deal, there's been no announcement. So why can't Wenger and his USV partner Fred Wilson close the deal? One theory: an
unexpected bidding war over a service that grows more mainstream every day. A source familiar with this type of funding situation explains: "You know that thing about failure is an orphan, success has a million dads? VCs want to buy the right to say Twitter was theirs." And for this crowd, Twitter's downtime problems are a bonus.
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