![]() ![]() The company raised $25 million in January of last year from David Sze and Josh Elman of Greylock Partners, with participation from angel investors and "friends of Medium." The other well-known startup to come out of the ecosystem was blogging platform Medium, founded by former Twitter CEO Evan Williams. Namely, the company is not profitable. With such a valuation, though, it seems likely that the company will go public sooner or later. And Square hired former exec Sarah Friar as its new CFO last year.ĭorsey, however, scuttled those plans in February of 2014, due to problems with revenue. The rumors were making their rounds-supposedly of talks with banks, like Goldman Sachs and Morgan Stanley. The company was said to entertaining the thought of an IPO last year. Square is often-rumored to be heading toward an IPO. The company has raised more than $700 million, including a $150 million round this past October, valuing the company at $6 billion. The most successful of these, and the one you are probably thinking of first, is Square, which was founded by Jack Dorsey, who also happened to have co-founded Twitter. The venture capital database has identified a total of 15 companies, which "have been co-founded by employees that worked at Twitter prior to their IPO and which have gone onto raise funding." According to CB Insights, though, the next generation is being actually being fueled by Twitter. Facebook seems like a good one, as many of their early staff has gone on to found their own companies. Maybe it's time to identify a new "mafia," a group that is launching the current generation of startups and entrepreneurs. That is a very long time, especially in the tech world, where things most very quickly. ![]() All of them went on to found their own tech companies, as well as fuel the next generation of startups.īut PayPal was bought by eBay almost 15 years ago, all the way back in 2002. They included Peter Thiel, Reid Hoffman, Max Levchin, Keith Rabois and Elon Musk. We've all heard of t he the so-called PayPal Mafia, the group of entrepreneurs and angel investors who were founders or early employees of online payment service PayPal. 15 companies founded by ex-Twitterers have been funded, including Square, Medium and UrbanClap ![]()
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