The Business Insider published a really interesting look at how a bunch of original Twitter investors feel about cashing out of the hot social media startup at its really early stages.
They sold out for $5 million five years ago, and now Twitter has reportedly received valuations of up to $10 billion. Yikes!
As you might expect, some of the investors have gone with the flow and seem to have accepted how life and startups work out. Others seem more bitter about missing out on a crazy growth opportunity.
Twitter is a funny beast. Unlike Facebook, which seems like everyone introduced to it early on knew it would be a huge success, Twitter seemed to skyrocket thanks to the early, passionate adoption by users, especially by journalists and civic-minded folks who started using it as a breaking news tool.
It gained momentum that completely surprised Twitter management.
So really, if you're to believe the narrative the tech press is currently spinning about Twitter, then it may be safe to say that Evan Williams, Biz Stone and Jack Dorsey are not only smart, they're also pretty darn lucky that they somehow managed to create a product that really resonates with people.
Smart AND lucky is a great combination for startups!