Learn from Biz Stone: One of the Brains behind Twitter, the Internet Networking Site worth Billions of Dollars
Twitter is arguably the largest social networking site after Facebook, and it’s only about 5 years old (while Facebook is about 7 years). In fact, current speculations on the sale of Twitter value the giant company at about $10 billion.
Yet, this micro blogging site (also known as web-based text messaging site) allows only 140 characters per post.
Presently, it has about 200 million users, and it is used by people all over the world.
Good ideas often appear stupid at first …
Isaac “Biz” Stone co-founded this micro blogging site (worth billions of dollars) along with Evans Williams who was the first CEO before Dick Costolo (the former COO).
He was also a great force in the founding of other internet giants like Blogger, Xanga (a blogging community) and Odeo (a Podcast publishing and aggregation site).
Talking about the initial idea to start ‘Twitter’, Stone said that “A lot of people thought it sounded stupid. Even some of our engineers weren’t interested. They said they’re not challenged. If you added video maybe I’d do it, they said.”
However, Jack Dorsey, Biz Stone and Evans Williams who had worked together at Blogger continued to develop more and more interest until Twitter was birthed.
Biz Stone is a graduate of Wellesley High School in Massachusetts. He was born on March 10, 1974, ever before the advent of the internet.
At present, he is the Creative Director of Twitter Inc, and he lives in Berkeley, California.
Based on Biz Stone’s profile on Linkedin, it is quite obvious he is an ‘Experienced Social Web Entrepreneur’ with writing, running, painting, movies, and creative problem solving as his hobbies.
His Linkedin profile reveals that he used to be a Senior Specialist at Google Inc., Creative Director at Xanga Inc and Designer at Little, Brown and Co.
Stone has his own idea of freedom of information …
Stone revealed his idea of freedom of information when he said “Twitter purposefully allows everyone access because information — both good and bad — should be allowed to flow freely.”
“Just speaking from a personal perspective, I’d rather have this bad stuff out there in public for other people to see and track and watch than for it to be happening and festering in secret, where people can’t see it,” he says.”
His idea is that, “there are things happening all around the world at any given point in time, and we find it incredibly meaningful work to foster this open exchange of information and to watch as people around the world do their thing and make the world a better place.”
His statement that ‘those who clamp down on Internet freedom may be able to hold back the full impact of their people’s yearnings for a while, but not forever’, reveals his business resolve and depth of understanding of the internet.
Surprisingly, this Twitter co-founder claims to enjoy reading other people’s tweets more than writing tweets.
He said “The first thing I do in the morning when I’m waking up is, I reach over and grab my iPhone and I just start scanning through tweets. What it does for me — I know right away that if something big is going on, in the world or in my area, someone will have tweeted about it. If nothing big is going on, at the very least I’m being reminded that people are up and doing things.
The interests of Great Internet Entrepreneurs like Biz Stone would often amaze you.
When asked about their Twitter monetization plans in 2009, Stone replied that “When we develop this monetization platform, it’s not going to just be for us. It will actually extend to all of these apps.” He said, “We don’t necessarily have to start making a lot of money right now, but the company wants to introduce its monetization plan with the idea of tweaking it”
You can easily see that they have a plan that carries a lot of people along. That’s why they always have loyal supporters. And usually, money is not their primary motivation. Even Zuckerberg of Facebook turned down offers from buyers several times.
In February this year, when Biz Stone was asked about the sale of Twitter, he replied “We’re very, very interested in building an independent company. We’ve proven beyond a doubt that Twitter is an important communication medium used around the world.”
Talking about recent politically distressed countries like Egypt, he remarked; “Twitter hopes to play the role as people of those nations can ventilate their grievance and keep in touch with the rest of the world. It’s important to credit the brave people that take chances to stand up to regimes. They’re the star. What I like to think of services like Twitter and other services is that it’s kind of a supporting role. We’re there to facilitate and to foster and to accelerate those folks’ missions.”
Additionally, Stone made reference to how their service benefits marketers when he said “ultimate goal for any company is how to make a better experience for your users, and that’s Twitter’s goal — to help them in that.”
What You Should Know About Biz Stone
Stone is extremely vast in blogging …
He has published a few books including Blogging: Genius Strategies for Instant Web Content and Who Let The Blogs Out?
Importantly, Biz Stone has been honored with many awards in the past:
- He appeared in ‘Time’s list of 100 most influential people’ for how humans’ social life has been shaped through Twitter.
- The International Center for Journalism in Washington DC, in 2010, also gave Stone ‘Innovation Award for outstanding work in the field of real-time information networking.’
- Inc Magazine once named him ‘Entrepreneur of the Year’
- And many more awards.
Biz Stone has definitely made a name for himself in the world of information networking on the internet.
Further Reading on Business Stories of CEOs and Founders
- Avoid Failure: Learn from Twitter Co-founder, Jack Dorsey Who Saw into Tomorrow
- Meet the Founder and CEO of Groupon.com, Andrew Mason, who Declined $6 Billion offer from Google
- Meet the Lady Millionaire, Ali Brown, Who Started Out Without a Coach or Mentor
- What Founding CEO & Cofounder of Skype, Niklas Zennström, Says About Business
- Meet GoDaddy CEO, Bob Parsons Who Said “I’ve earned everything I’ve ever received”