Twitter founders: Innovation before business plan
In an interview with AllThingsD, Biz Stone and Evan Williams basically say "be patient"--Twitter's still a small start-up, and even business models take time.
Twitter's co-founders are singing a new song when it comes to explaining why they famously haven't put a business plan in place yet: it's too expensive!
Maybe I'm being a little bit mean there. But in a video interview with AllThingsD's Kara Swisher, the so-buzzed-it's-ringing-in-your-ears company's founders, Biz Stone and Evan Williams, said possible revenue strategies are currently in the process of getting bounced off the walls.
But, they said, it will invariably take some time because the company has a whole lot else to deal with--you know,and , which sort of makes you wonder when the plague of locusts will come along--and it's still a small start-up.
"We're doing a lot of research right now, and we're laying some groundwork," Williams said to Swisher. "We have very limited resources still--less than 40 people--and that's not very many to just manage the size of the service we have right now. So there's a ton of stuff we want to do on the product side, some of which we think are very complementary with revenue-generating stuff, but it's going to take us a while to experiment on that."
Translation: There aren't very many people on Twitter's payroll, and even though the company isby top-notch venture capital firms, it's not willing to burn through its funding at the risk of being short-sighted on innovation. Twitter has, however, started .
Stone chimed in, "The idea of recognizing the difference between profit and value, and defining value...for us, value is making a great service, making a great user experience, putting out a good network, a robust network worldwide, and focusing on features and feature development, those types of things. That's value for us. And profit will come later, when those things are achieved."
It's so adorably Silicon Valley of them.