Twilio 2010 board deck offers peek at now-public firm’s early days
Twilio is finest identified for its communications API, which permits builders so as to add messaging, voice or video to their apps with only a small slice of code. The corporate’s instruments are utilized by prospects like Lyft, Airbnb, Salesforce, Field and Duke College.
The previous startup went public in 2016 at $15 a share. Yesterday Twilio’s inventory closed at $113.90, giving the corporate a market cap of about $15.6 billion (after a horrendous week on Wall Road). It’s simple to take a look at its worth (amongst different measures) and declare Twilio a profitable public firm. However identical to each former startup on the market, its ascent wasn’t all the time so sure.
Based in 2008, Twilio was as soon as a tentative early-stage firm feeling its means ahead out there with an unproven product and extra future potential than precise outcomes. Not too long ago, the corporate’s CEO Jeff Lawson shared a Twilio board deck from March 2010.
Naturally, we learn via it — how may we not? — however we additionally determined to research it for you, pulling out what we realized and utilizing the snapshot of Twilio’s historical past for example how far the corporate has come within the final decade.
The presentation’s unique time stamp lands after Twilio’s Collection A and simply earlier than its Collection B, permitting us to see an organization molting from a hatchling to one thing extra sturdy that might stand by itself two toes. The corporate raised $12 million six months after the deck was introduced.
To get everybody on the identical web page, we’ll begin with slightly historical past, after which get into the deck itself. Let’s go!