Posts from Jack Dorsey

Long Roadmaps

I interviewed Dennis Crowley yesterday at the NYU Entrepreneurs Festival. I tweeted out the livestream so I'm sure some people were able to catch it live. I hope they put the video up soon because Dennis was great and I think people will get a lot of value out of his thoughts on entrepreneurship, startups, and building a product and a company.

But this post is about something Dennis said about product roadmaps that really struck me. Dennis said that all the way back to Dodgeball, the predecessor company to Foursquare, he and Alex had a roadmap for the product that was years ahead of what they could actually build. When Dennis and Naveen decided to start building Foursquare, Dennis pulled out that roadmap and updated it to reflect the power of modern smartphones. And that roadmap goes way out, well beyond what Foursquare is today or what it will be in a year from now.

So when I asked Dennis about the moment when the Foursquare team watched the Facebook Places announcement, he said "I got up and told the team that any company can copy what we have built, but we just have to go on and build the things we want to build because nobody else has that roadmap."

That is the power of a visionary founder leading a team to build the things that are only in his or her mind. I recall Mark Pincus, in the early days of Zynga, tell me about a game he wants to build someday. Zynga still has not released that game. When Jack Dorsey came back to Twitter, he said he was finally going to build Twitter 1.0. Think about that. And think about what Twitter 5.0 is in Jack's mind.

The best founders have these long roadmaps.  If they can stay engaged in their companies, they can realize them over extended periods of time. There are so many reasons why this doesn't always happen. Founders leave. Companies are sold. But when it all comes together, the result is magical.

#Web/Tech

It's Ultimately About The Team

There's a culture of celebrity around founders in the tech business and certainly the Twitter founders are no exception. @jack, @ev, and @biz are celebrities and deservedly so. But you can't build a company all by yourself, or even as a trio. And Twitter has a relatively unsung near founder in @goldman who contributed so much to the company over the years.

At the end of the day, it takes a lot more than four people to build a company. And Ev's post today about Twitter says it so well. So I'll end with his eloquent comments about the team that built Twitter into what it is today:

Founders, in general, get an out-sized share of the credit for any successful company. There are hundreds of people at Twitter now, some of whom have been there for years and played critical roles. There are those whom you know by name and others you may never have heard of individually, but they have all contributed to the company’s success. I'd venture to say it's one of the finest teams ever assembled in the Internet industry, and it’s the accomplishment of which I’m most proud. Not just because they are people who are good at their jobs, but because they're good people.

When I was running the company, I felt very privileged that this amazing group had granted me leadership. (It practically brought me to tears on multiple occasions, during our all-hand's meetings, when someone demonstrated their unique and heartfelt awesomeness.) It was they who collectively helped Twitter mature from a quirky, wobbly toddler of a service with great potential but way too much attention for it's own good to an operation that is becoming—if not already has become in some areas—world class. And it is they who will take it to the next level, which will surprise us all.



#Web/Tech

Mastering The VC Game

My friend and fellow VC Jeff Bussgang has written an excellent book about entrepreneurs and VCs called “Mastering The VC Game.” If you are an entrepreneur who plans to work with VCs at some point in your career, you should read the book. It’s a fast read. You could easily read it in a cross country flight.

It’s full of stories about entrepreneurs and VCs and how they worked together. There is one about me and Jack Dorsey and Twitter that TechCrunch has excerpted today

I’m not feeling very well today, I think it’s allergies but I’m not sure. So I don’t have a lot in me right now. So instead of reading AVC today, go to Techcrunch and read the excerpt and then hopefully you’ll want to go to Amazon and buy the book.

Reblog this post [with Zemanta]

#VC & Technology