Running Twitter Inc. sounds like any entrepreneur's dream: Cash flows freely. The press is smitten. Celebrity users abound. But CEO and co-founder Evan Williams is said to be on the verge of being ousted from his microblogging paradise.
These should be Williams' glory days. Twitter is booming. The service recently announced 105 million registered users, which is roughly ten times its estimated user base from a year earlier when skeptics commonly derided the social network as a wasteland of lunch diaries from narcissists and cat pictures from shut-ins. In one year, traffic to Twitter.com more than doubled to 90 million people per month.
Williams, a painfully shy college dropout from Nebraska, has clearly won over Silicon Valley's cloistered fraternity of venture capitalists. Prospective investors competed so fiercely over Twitter's last funding round that the company was able to raise $100 million at a reported $1 billion valuation.
For Williams, this is the big one — the creation with the momentum to change the world forever, and to score for him a much more impressive jackpot than the $50 million in reported pre-IPO shares Google gave in exchange for his publishing system Blogger.com.