Twitter co-founders Evan Williams, Biz Stone switch Focus to the new company - Bloomberg

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

Twitter raises $ 200 million, adds 2 members of the Board of Directors (the Arizona Republic)

SAN FRANCISCO (AP)--Don't expect Twitter to be tweeting about a public offering soon. Popular online communications service has raised $ 200 million for its may maintain growth without Wall Street help.Kleiner Perkins Caufield & Byers, one of the most known Silicon Valley venture capital companies leading to investment, announced Wednesday. Twitter has also added two successful entrepreneurs, Mike McCue and David Rosenblatt, to its Board of Directors of directors.The funding was first reported by the technology blog, all objects association Digital.Twitter with Kleiner Perkins is likely to add to the plot on the design of a service potential which, every day, explosions in more than 65 million short messages or "tweets", limited to 140 characters.Kleiner Perkins Internet Paris last include investment in the search leader Google Inc. online, now worth approximately 190 billion and leading Web merchant Amazon.com Inc., now valued at approximately $80 billion.The venture capital company obviously think highly of Twitter, which began in 2007. 200 Million Twitter to 3.7 billion, $ 15 months ago 1 billion square equity values when raised society finally money capitalist corporations. Some Twitter increased previous donors their ante joined Kleiner Perkins in the last round.Twitter raised now about 360 million since its inception.With 2007 so cash provided by investors, Twitter management was able to concentrate on the hiring of workers and add more functionality instead of worrying about how to make money. Society, based in San Francisco, employs approximately 350 people more tripling its payroll since the beginning of year.Most revenues of Twitter until this has sunk the agreements gave Bing from Google, Microsoft Corp. and other Internet services improve access to its mail flow. For eight months, Twitter gradually led ads appear in the middle of his chatter.Twitter service not has not set a timetable to pursue an industrial property office which would allow current supporters cash investments and give others a chance to buy shares of the company. Its leaders, however, have repeatedly stated that they're not rushed to public.Selling society in a larger company remains a possibility, guiding new too.The nine members of the Council of Twitter, both have experience with the option.McCue of sale sale TellMe, a company specialized in voice recognition software to Microsoft for 800 million dollars in 2007. Another startup backed Kleiner Perkins, Flipboard, which transforms the links posted on Twitter and Facebook in a magazine for the iPad format now works. Apple Inc., the manufacturer of the tablet computer, recently oint Flipboard as its top app page the year.Rosenblatt iPad was CEO of service online ad DoubleClick Inc. when it was sold to Google for 3.2 billion in 2008. Current Twitter CEO Dick Costolo and previous Executive Director, co-founder Evan Williams, also already sold startups Google.In a tweet Wednesday, said Costolo new funding will allow "to grow to infinity and beyond Twitter."