Evidence receipt / commitment
Published · transcript-backedDick Costolo: commitment
28 Oct 2020 Acquired Twitter (with Dick Costolo)
“If I remember correctly, we made it $600 million to the cap table, but Kevin and Mike get a lot more because we're going to throw in a bunch of stuff just for them.”
Source trail
Everything needed to verify it.
- Speaker
- Dick Costolo
- Attribution
- Verified speaker
- Claim type
- commitment
- Recorded
- 28 Oct 2020
- Publisher
- Acquired
- Episode
- Twitter (with Dick Costolo)
Transcript context
…What was the dollar amount you were talking about with them? A lot. It was over 10% of the company. It was well over 10% of the company. Whatever the valuation was at that time of Twitter, it was a lot. Maybe $600 million, something like that. If I remember correctly, we made it $600 million to the cap table, but Kevin and Mike get a lot more because we're going to throw in a bunch of stuff just for them. The crazy thing is that actually would have been a much better deal than what they did because when you went public the next year, 10% of Twitter would have been probably more than where Facebook stock was trading.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.