Twitter IPO: Who will get rich?

Advertisement
By Reuters | Updated: 4 October 2013 16:09 IST
Just about everyone in Silicon Valley has dreamed of striking it rich with a well-timed investment. Analysts estimate that when Twitter debuts on public markets, its valuation will hit around $10 billion. Here is a list of the number of shares owned by some of the people and investment firms that will benefit the most from Twitter's initial public offering:

Executive officers and directors
Evan Williams

56,909,847 shares, or 12 percent. Williams was Twitter's CEO until 2010, when current CEO Dick Costolo took the helm. He is now working on a publishing platform, Medium, which is dedicated to long-form content.

Benchmark
31,568,740 shares, or 6.7 percent. Venture firm Benchmark started investing in Twitter in 2009 when it was valued in the $200 million-$250 million range. This stake includes shares owned by partner Peter Fenton, who led the firm's investment in consumer-Internet play Yelp, holds a board seat at Twitter.

Jack Dorsey
23,411,350 shares, or 4.9 percent. Dorsey co-founded Twitter and still serves as its chairman. In 2009, he founded payments service Square and serves as its CEO.

Advertisement

Dick Costolo
7,589,608 shares, or 1.6 percent. A onetime improvisational comedian, Costolo took the helm of Twitter in 2010. He joined Twitter as COO the year before, after he and co-founders sold their web feed management providerFeedBurner to Google in 2007.

Advertisement

Adam Bain
1,722,350 shares, or less than 1 percent. Bain is the president of global revenue at Twitter. He was formerly the president of audience network at News Corp's Fox Interactive Media.

David Rosenblatt
283,333 shares, or less than 1 percent. Rosenblatt is the CEO of luxury online retailer 1stdibs.com and is a member of Twitter's board of directors.

Advertisement

The following groups own at least 5 percent
Rizvi Traverse Management
A closely held private-equity fund based in Michigan, Rizvi has made a name for itself by buying stakes in entertainment companies such as Playboy and movie producer Summit Entertainment. Last year, it led a $200 million funding round in Jack Dorsey's payments company, Square.

Spark Capital
Venture firm Spark started investing in Twitter in 2008. For a time, Spark partner Bijan Sabet served onTwitter's board.

Advertisement

Union Square Ventures
Venture firm Union Square started investing in Twitter in 2008. For a time, USV partner Fred Wilson served on Twitter's board.

DST Global
The investment firm founded by Russian billionaire Yuri Milner led a $400 million investment in Twitter in 2011. At the time, Twitter was valued at around $8 billion.

© Thomson Reuters 2013

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Twitter, Twitter IPO
Advertisement

Related Stories

Popular Mobile Brands
  1. Redmi 15C 5G Chipset Details Leaked, Could Launch in India at This Price
  2. Here's When the Nothing Phone 3a Lite Will Launch in India
  3. Vivo X300 and Teleconverter Kit India Prices Tipped Ahead of Launch
  4. Xiaomi 17 and Xiaomi 17 Pro First Impressions
  5. Poco F8 Series Will Be Launched Globally on This Date
  6. Oppo Find X9 Series Price in India Leaked Again Ahead of Debut
  7. OnePlus Ace 6T Launch Timeline Revealed; Will Sport This Snapdragon Chip
  8. Black Ops 7 Faces Backlash Over Alleged GenAI Use for In-Game Artwork
  9. Raktabeej 2 Arrives on OTT Platforms This November: All You Need to Know
  10. Indian Enterprises Increasingly Adopting AI for Internal Workflows: EY
  1. Bison Kaalamaadan OTT Release Date Confirmed: When and Where to Watch This Tamil Sports Action Drama Online?
  2. Samsung Galaxy Z TriFold Testing Commences in the US Ahead of Imminent Launch: Report
  3. Steak ‘n Shake Expands to El Salvador as Bitcoin Strategy Gains Momentum
  4. Samsung Galaxy Buds 4 Pro Leak Hints at Refreshed Design, Head Gestures Feature
  5. Redmi 15C 5G Price in India, Key Specifications Leaked Ahead of Launch: Here’s How Much it Might Cost
  6. India Begins AI Adoption: 47 Percent of Enterprises Use AI for Multiple Use Cases, Says EY
  7. Nothing Phone 3a Lite India Launch Date Confirmed: Expected Specifications, Features
  8. Call of Duty: Black Ops 7 Draws Flak Over Alleged GenAI Use as Steam Player Count Underwhelms
  9. Apple Ordered to Pay Masimo $634 Million in Apple Watch Patent Dispute
  10. OnePlus Ace 6T Launch Timeline Confirmed; Will Debut This Month With Snapdragon 8 Gen 5 SoC
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.