Twitter mafia: 150 alumni spawn 90+ startups
Bloomberg/Jeff Kowalsky
Jack Dorsey has been in an out of Twitter often enough to be
considered part of the Twitter Mafia. In addition to being chairman of the
company he co-founded, he is also co-founder and CEO of mobile payment startup
Square, which is valued at about $3.4 billion. He has also invested in a long
list of influential startups, including Instagram, Flipboard, Kickstarter and
Foursquare.
- Cromwell Schubarth
- Senior Technology Reporter- Silicon Valley Business Journal
- Email | Twitter | Google+
There are approximately 90 companies listed on the AngelList startup Web platform that have connections to Twitter. It's the latest Silicon Valley mafia to take form, carrying forward a pattern established with executives from Paypal, Google, Facebook and Yahoo scoring with one company and moving onto the next thing with an established business network.
AngelList is a great resource for tracking Silicon Valley mafias. It shows 1,157 companies that include nearly 2,100 founders and funders from Google. Facebook's 472 alumni show up with 210 startups there. PayPal's network includes 175 companies and 256 alumni.
Some of the numbers may be inflated because they may include companies acquired or funded by the big company mafioso, not just started by them.
Twitter itself is rich in Google alumni, with more than 10 percent of its 2,300-person work force estimated to be former employees at the Mountain View search giant, including co-founder Evan Williams. The accompanying photo gallery shows some notable members of the Twitter mafia and the companies they are involved in.
The only really big business that can be traced to the Twitter Mafia so far is Square, the San Francisco mobile payment company hatched by Twitter co-founder and Chairman Jack Dorsey. It's estimated to be worth more than $3 billion.
The Obvious Corp., an incubator and investment vehicle headed by Williams, fellow co-founder Biz Stone and former Twitter exec Jason Goldman, has helped to launch several startups. Those include blogging service Medium, public dialog platform Branch and goal achievement platform Lift.
Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.
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