As expected Twitter’s S-1 was just released, which states that the company is looking to raises as much as $1 billion in a public offering. As with every S-1 filing, the company reports its majority shareholders. According to this table, founder Evan Williams owns 12 percent of the company before the offering. Benchmark and the firm’s partner and board member Peter Fenton owns 6.7 percent. Fellow founder Jack Dorsey owns 4.9 percent and CEO Dick Costolo owns 1.6 percent.
Other stock holders that own 5 percent or more of the company include Rizvi Traverse (which is reportedly backed by Chris Sacca), Spark Capital, Union Square Ventures and DST. It’s not clear how much each investor owns specifically.
Union Square Ventures and Spark Capital were Twitter’s earliest institutional investors, as was Charles River Ventures, who is not listed in the table and may own less than five percent of the company. Benchmark came in at Twitter’s Series C funding.
We’re hearing from a source that Rizvi could own as much as 15 percent of the company. We’re hearing that after Rizvi, Williams is the next largest single shareholder followed by Benchmark, Spark, USV and then DST.
Other things to note from the chart: revenue chief Adam Bain holds less than one percent of the company, as do board members Peter Curie, and David Rosenblatt.
In terms of salary, Costolo makes $200,000 per year; Bain also makes $200,000, and SVP of engineering Christopher Fry earn $145,513 yearly.
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via TechCrunch http://feedproxy.google.com/~r/Techcrunch/~3/rgywtGD6qSc/
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