Peter Fenton
Peter Fenton
allowed built business entire massive people took twitter utility web
What Google did in Web 1.0 was take a feature, which was search, and built an entire business around that utility. In Web 2.0, Twitter took a feature, which is sharing, and built a utility that allowed people to do that on a massive scale.
benchmark biggest exact flat model paid partners six versus
My biggest mentor has been the Benchmark partnership. We have six partners and a flat structure, and everyone is paid the exact same paycheck. It's a team model versus an individual model.
author directly lies power
In open-source in general, the power lies in connecting the author of the software directly to users, eliminating the middleman.
customers level near source
In open source, you really have to be near the watershed to have an impact on the source code. Customers want to be near the key contributors to the code, not a level removed.
angst opportunity response towards
The one I have the most angst towards would be YouTube. We had an opportunity to invest, and I just got nervous about the media industry's response to the unlicensed content on the site.
broke changes companies defined elite emerges group profoundly rise rocky shape technology twitter viewed
The rise of Twitter defined 2011. Once every 5-7 years, a company emerges that changes not just the technology industry, but the world... after what some viewed as a rocky start, in 2011 Twitter broke through into the elite group of companies that profoundly shape our world.
firm invest time tried twitter venture wary
We actually tried to invest in Twitter in April 2007, right when it launched. At the time, the company was wary of having a classic, tier-one traditional venture firm involved.