Hoffman: Reid Hoffman missed early Twitter investment after passing on Odeo
“Which is also one of the reasons I missed the early investment, because I didn't invest in Odeo, but by the time they were going with Twitter, it was already gone. And I missed it.”
Odeo's $5M pre-product seed round eliminated agility against Apple's podcast entry
“We made the mistake of actually raising too much money pre-product, really even pre-product, we raised five million dollars, which was a terrible mistake because it allowed us to grow the team to the point where We just weren't nimble enough to easily pivot”
Founders should build for themselves unless exceptionally skilled at user research
“One of my fundamental rules, I can believe, is if, unless you are really good at user research, Build, build products for yourself.”
Kevin Systrom and Jack Dorsey paired to build Odeo's desktop podcatcher
“We also had Kevin Systrom, founder of Instagram. Was working for us as an intern. So, Kevin and Jack paired to write our, I think our installable podcatcher, as we called them.”
Odeo board rejected Williams' offer to return remaining $3M in funding
“I actually went to the board. I think we had three of the five million dollars left. And said, I can't sell you on the future of this company. Maybe we should just give the money back and go away. And the board was like, well, we didn't invest in podcasting. W…”
Initial Twitter hackathon prototype included an audio feature that Williams removed
“I do remember a conversation where at first there was a version of what became Twitter presented that had audio, and I remember asking, what if it didn't have the audio piece?”
Stubblebine refused Hatching Twitter interviews to write his own book
“You know, for the book Hatching Twitter, I'm the only person at Odeo who refused to be interviewed for that book, and basically I did it so that I could write my own book one day.”
Stubblebine: Twitter's early turnover was team upgrading, not co-founder feuds
“It wasn't that the co-founders were feuding at the, or that there was any sort of scandal. It was just, they're constantly trying to upgrade the team in order to keep up with what Twitter ended up being, which, you know, obviously had nothing to do with where …”
Stubblebine: Jack Dorsey was the only reliable employee at Odeo
“The you know, the whole team was really chaotic, and I mostly spent time dealing with other people's problems, and Jack was the only reliable person.”