Wednesday 20 January 2016

Former Twitter CEO Dick Costolo joins Index Ventures as partner, announces new fitness startup

Dick Costolo, former CEO of Twitter, onstage at the Code Conference in May 2015.


Six months after stepping down as CEO of Twitter, Dick Costolo has revealed his next moves after handing control of the social network back to Jack Dorsey.

In a couple of tweets this morning, Dorsey announces he's co-founding a new fitness-focused startup with Bryan Oki, a man who was formerly a co-founder and CEO of another fitness platform called Fitify.

The new startup is a "software platform that reimagines the path to personal fitness," and will be aimed at health professionals, coaches, and therapists working in the fitness realm.

At the same time, Costolo also revealed that he's joining as a partner at venture capital (VC) firm Index Ventures, which has bases in San Francisco and Europe.

It's perhaps interestingto note the medium used by Costolo to announce this news. While he did so on Twitter, he essentially used screenshots of an app that contained the full details of the news. This helps highlight one of the problems identified by Twitter's current CEO Dorsey — the long-standing 140-character restriction. This will likely be removed to some degree in the coming months.

Costolo joined Twitter as chief operating officer (COO) in 2009, before going on to replace Ev Williams as CEO a year later. Prior to Twitter, Costolo was a product manager at Google after the Internet giant acquired his company, FeedBurner, in 2007.

Former Twitter CEO Dick Costolo joins Index Ventures as partner, announces new fitness startup
from VentureBeat » Social Media Companies | Social Network News | VentureBeat http://ift.tt/1ZK33xK
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