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Twitter: The Real Founding Story

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7 years ago

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Twitter The Real Founding Story,Startup Stories,Entrepreneur Stories 2018,Real Story Of Twitter,Success Story of Twitter,Social Networking Site Twitter Story,Largest Social Networking Platforms,Twitter Success Story,Interesting Story About Twitter

Everything great starts off with that one single “Eureka” moment. Like Newton discovered Gravity when the Apple fell on him, so did Evan Williams, Jack Dorsey and Biz Stone, when they thought of Twitter. The official story of Twitter was that Evan’s came up with the concept in his apartment along with former Google employee, Biz Stone and investor, Jack Dorsey.

While the official story revolves around the three more known founders, one of the main founders, Noah Glass, was left out of the equation. It all began when the four founders started on working on their collaborative venture, Odeo,  in Glass’s apartment. Quite soon, they realised this idea could turn into something bigger and moved headquarters to William’s apartment.

As the idea progressed, so did the office space. Soon, the founders moved into a space for 14 people! In 2005, Odeo’s expansion was halted when Apple announced iTunes. Williams, who by now was Odeo’s CEO, asked his employees for a new direction to salvage the company. That is when Jack Dorsey’s light bulb went on and he came up with a social networking site based on a person’s “status.” Noah Glass developed the concept with Dorsey and presented the idea to the company.

It was over a year after that Williams’ presented the idea of Twitter as a social networking site to his employees. After taking ownership of Odeo, William’s first business decision was to change the name of Odeo to Obvious Corp. His second? To fire Noah Glass! In the initial days, Twitter was known as “twttr.” In fact, Glass was the one who came up with the name Twitter. Before he was fired, of course!

Jack sent the first message on Twitter on March 21, 2006, 9:50 pm. It read, “just setting up my twttr”. During the development of Twitter, team members would often rack up hundreds of dollars in SMS charges to their personal phone bills. While the initial concept of Twitter was being tested at Odeo, the company went through a horribly rough patch. The team was attacked with the brutal reality that Apple had just released its own podcasting platform, which essentially killed Odeo’s business model. It took a while for the realisation to sink in and once it did, the founders decided it was time to buy back the company from their investors.

What started off as 140 characters specific messaging service has now grown to become one of the largest social networking platforms. This user specific service has become so large now, the number of characters increased to 280. Further, users have created their own jargon to get their message across! Back then, no one even imagined that this platform would be worth $ 5 billion.

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Entrepreneur Stories

Tesla Secures Mumbai Facility as Key Step in India Market Entry

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2 weeks ago

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June 5, 2025

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Tesla has ramped up its India expansion by leasing a 24,565 sq ft warehouse at Lodha Logistics Park in Mumbai’s Kurla West. The five-year lease, registered on May 16, 2025, involves a total rent of over ₹24 crore, starting at ₹37.53 lakh per month with a 5% annual escalation. The facility includes two ground-floor units and 20 parking spots, with rent payments commencing June 1, 2025.

This warehouse will function as a key service center and garage for Tesla’s India operations, excluding bodywork and spray painting. The move supports Tesla’s preparations for its official market debut, expected in late 2025 or early 2026.

Tesla’s India rollout includes offices in Pune, flagship showrooms in Mumbai’s Bandra Kurla Complex (BKC) and Delhi-NCR, and co-working spaces in Mumbai. The new warehouse lease highlights Tesla’s commitment to building a robust infrastructure for sales, service, and delivery of electric vehicles and energy products across India.

While manufacturing plans are not yet confirmed, Tesla is reportedly exploring sites in Maharashtra for a potential assembly unit. The Mumbai warehouse lease marks a significant step in Tesla’s strategy to establish a strong presence in one of the world’s fastest-growing EV markets.

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Razorpay Partners with MeitY Startup Hub to Accelerate Deeptech Innovation in Tier II and III Cities

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3 weeks ago

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MeitY Startup Hub (MSH), under the Ministry of Electronics and Information Technology, has partnered with fintech leader Razorpay to support the growth of deeptech and emerging tech startups across India, with a special focus on those in Tier II and III cities. Through this collaboration, early-stage startups will gain access to Razorpay’s fintech infrastructure, mentorship, and resources via the Razorpay Rize program.

Startups in areas like AI, blockchain, robotics, and IoT will benefit from streamlined company incorporation support, expert mentorship, product credits, and guidance for applying to global accelerators such as Y Combinator. Selected founders will also join the exclusive Rize Community, connecting with peer networks and attending masterclasses.

MSH CEO Panneerselvam Madanagopal emphasized that this partnership will help founders scale faster by providing vital support in mentorship, capital access, and digital infrastructure. As India’s startup ecosystem surpasses 159,000 DPIIT-recognised startups, this initiative aims to give deeptech entrepreneurs the tools and networks needed to innovate for India and expand globally.

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PixelSky Capital Unveils INR 400 Crore Secondaries Fund

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2 months ago

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April 25, 2025

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Bengaluru-based investment bank IndigoEdge, in partnership with entrepreneur Hitesh Ahuja, has launched PixelSky Capital, a secondaries fund targeting INR 400 crore. The fund will invest in eight late-stage tech and consumer companies expected to go public within three to four years, with cheque sizes of INR 40–50 crore each. PixelSky has already invested in beauty retailer Purplle and aims to close a second deal by June 2025.

 

The fund focuses on secondary transactions, allowing existing shareholders to sell stakes to new investors, providing liquidity ahead of IPOs. Founders have committed INR 10–15 crore, with additional capital coming from domestic family offices and startup founders. Final close is expected by March 2026.

 

Led by Hitesh Ahuja, who sold his foodtech startup Yumlane in 2023, and IndigoEdge cofounder Zerin Rahiman, PixelSky marks IndigoEdge’s expansion from advisory and proprietary investments into fund management. The firm has facilitated over 150 transactions worth around $3 billion and invested INR 25–30 crore as a limited partner in multiple VC funds. PixelSky is currently evaluating about 20 companies before finalizing its portfolio

 

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