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Twitter’s former CEO is starting a new company

by Jacob Kleinman | December 7, 2015December 7, 2015 3:00 pm PDT

twitter dick costolo

Dick Costolo, who stepped down from his position as Twitter CEO earlier this year, has been brewing new business ideas. The comedian-turned-tech exec says he plans to launch a new company by spring 2016.

Speaking to Re/code for a recent podcast, Costolo revealed plans for his return to the industry. He didn’t offer any specifics, but claimed the new company would introduce software to a field that’s still in need of modernization.

“I don’t want to do something that I feel like I’ve done before,” he said. “I want to do something in a different space.” He added that the new project won’t be for enterprise, suggesting some sort of consumer-focused product.

Costolo announced plans to leave Twitter back in June as the company continued to struggle against bigger rivals like Facebook and upstarts like Snapchat. Twitter co-founder Jack Dorsey took over as an interim CEO at the time before accepting the position full time in October.

You can listen to the full interview, which also includes Costolo’s thoughts on Dorsey, diversity, and his role as a consultant for HBO’s Silicon Valley, via the source link below.

Re/code

Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...

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