Twitter Inc. co-founders Biz Stone and Evan Williams said they take an additional step in return for the service of microblogging and devote their time to a company for the incubation of new ideas.
Obvious Corp. will focus on the "big problems" and help develop systems that "improve the world," according to the blog of the stone. The company will be run by Jason Goldman, a former leader of Twitter, Pierre said.
After the Twitter Foundation in 2007, Williams abandoned the role of Chief Executive Officer of the former product manager of Google Inc. (GOOG) Dick Costolo in 2010. Costolo and co-founder Jack Dorsey, also CEO of start-up of payments Square Inc., have led efforts this year to make the site more attractive to a wider audience by building features privacy and tools to download images.
"The crew of Twitter and his management team have increased incredibly productive," Pierre said on the blog. "I have decided that the most effective use of my time is to get the road until I am called upon to be of some particular use."
Obvious was created by Williams to buy a business to investors that Pierre and it does not have to sell about six years ago, said Pierre. The two began working together leaving Google in 2005.
The assets of the company Twitter included - allowing users to publicly write 140 characters messages to people that follow did not Pierre. Williams and Pierre, and Dorsey, now President of Twitter, continued in Obvious construction company. In 2007, the Group raised capital from outside investors and launched the service.
To contact the reporter on this story: Joseph Galante in San Francisco at jgalante3@bloomberg.net
To contact the editor responsible for this story: Tom Giles to the tgiles5@bloomberg.net
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