Below is an excerpt from "Technological Trends, Financial Capital, and the Dynamics of Disruption" podcast published 2018.
@cdixon.eth: Yeah. Well, look, I mean, you know, it did live through that period. And I was on the board of the company during that time. And I very much wanted to see an open platform. I mean, if you read the blog posts that I wrote when we invested in Twitter, it’s still on
usv.com — I wrote about the API and the open ecosystem and all this stuff that was getting built on top of Twitter. That’s what I wanted Twitter to be. But we had an advertising attention-based business model. And the truth of the matter was, there were other people who were out there running around buying up third-party Twitter clients. And inside Twitter, we saw that, and we’re like, we can’t have that. Like, we can’t let somebody go get half of our user base by acquiring all these third-party clients, and then taking them onto a new network, and then we’ve just lost half of our users. Particularly when we have a tension-based business model.
https://x.com/GergelyOrosz/status/1999241496005066755
