

20VC: Twitter Co-Founder Biz Stone on The 3 Stages of Wealth, The Return To Twitter in 2017 and the Associated Missions and Challenges & Why Silicon Valley is not an "Insiders Only" Universe?
Jan 8, 2021
In this engaging discussion, Biz Stone, co-founder of Twitter and Medium, shares insights from his tech journey and investment ventures. He reflects on how wealth amplifies personal identity and the lessons he's imparting to his son about money. Biz recounts returning to Twitter in 2017, addressing low morale and leadership challenges. He emphasizes that Silicon Valley is a mindset, not just an exclusive club, and discusses the importance of mentorship and embracing risk in entrepreneurship.
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Accidental Entrepreneur
- Biz Stone's path to entrepreneurship was accidental, starting with book cover design and evolving to web development.
- Saying "yes" to opportunities and collaborating with people he enjoyed working with led him to co-found Twitter.
Long-Term Commitment
- Commit to projects for at least 10 years to weather challenges.
- True passion helps overcome external negativity and fuels perseverance.
Wealth as an Amplifier
- Wealth amplifies existing personality traits, not changes them.
- Positive traits become more pronounced, while negative ones intensify.