# Twitter's pitch deck

> Twitter's pitch deck: 64 slides, and the funding round we observed afterwards.

Source: https://millionrounds.com/decks/twitter (Millionrounds; every figure on the page links to its filing or article)

T **Twitter** Pitch deck 1 / 64 Read in the app

Pitch deck

# Twitter's *pitch deck*

The deck, and the 8 rounds we watched Twitter raise afterwards, with the investors each report named.

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64 slides 4.6MB US

Read the deck Free account. The deck belongs to Twitter, so reading it needs one; everything on this page is public.

What is in it

## The deck, slide by slide

Each slide by what it argues. 64 slides against a median of 13 across the 1,712 decks we hold.

*median*

- 1 **Cover**
- 2 **The ask**
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16 **Go to market**
- 17 **Product**
- 18
- 19
- 20
- 21
- 22 **Product**
- 23 **Product**
- 24 **Problem**
- 25
- 26
- 27 **Go to market**
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40 **Product**
- 41 **Traction**
- 42 **Validation**
- 43
- 44 **Product**
- 45
- 46 **Financials**
- 47
- 48
- 49 **Business model**
- 50
- 51 **Roadmap**
- 52 **Roadmap**
- 53
- 54
- 55
- 56 **Business model**
- 57 **Roadmap**
- 58 **Market**
- 59
- 60 **Market**
- 61
- 62
- 63
- 64 **Financials**

Cover The ask Go to market Product Problem Traction Validation Financials Business model Roadmap Market

What happened next

## $1.2B across 8 rounds

**8** rounds observed **$1.2B** reported in total **Jul 2007** first we saw **Sept 2011** most recent

- Sept 2011 Secondary **$400M** [Employee Stock Option Fund (ESO Fund)](https://millionrounds.com/fund/eso-fund) Reported by techcrunch.com
- Aug 2011 Series G **$400M** [Alwaleed Bin Talal](https://millionrounds.com/fund/jason-calacanis)[Chris Sacca](https://millionrounds.com/fund/chris-sacca)[DFJ Growth](https://millionrounds.com/fund/dfj)[DST Global](https://millionrounds.com/fund/dst-global)[Digital Sky Technologies](https://millionrounds.com/fund/digital-sky-technologies)[Lowercase Capital](https://millionrounds.com/fund/lowercase-capital)[T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Reported by masshightech.com
- Dec 2010 Series F **$200M** [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) Reported by techcrunch.com
- Jan 2010 Series E **$5.2M** No investor was named in the report. Reported by altassets.net
- Sept 2009 Series D **$100M** [Benchmark](https://millionrounds.com/fund/benchmark)[Insight Venture Partners](https://millionrounds.com/fund/insight-venture-partners)[Institutional Venture Partners](https://millionrounds.com/fund/ivp)[Morgan Stanley](https://millionrounds.com/fund/morgan-stanley-investment-management)[Spark Capital](https://millionrounds.com/fund/spark-capital)[T. Rowe Price](https://millionrounds.com/fund/t-rowe-price) Reported by blog.twitter.com
- Feb 2009 Series C **$35M** [Benchmark](https://millionrounds.com/fund/benchmark)[Charles River Ventures](https://millionrounds.com/fund/crv)[Digital Garage](https://millionrounds.com/fund/digital-garage-tse-4819)[Institutional Venture Partners](https://millionrounds.com/fund/ivp)[Spark Capital](https://millionrounds.com/fund/spark-capital)[Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) Reported by techcrunch.com
- May 2008 Series B **$15M** [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions)[Digital Garage](https://millionrounds.com/fund/digital-garage-tse-4819)[Kevin Rose](https://millionrounds.com/fund/kevin-rose)[Spark Capital](https://millionrounds.com/fund/spark-capital)[Timothy Ferriss](https://millionrounds.com/fund/timothy-ferriss)[Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) Reported by techcrunch.com
- Jul 2007 Series A **$5.0M** [Brian Pokorny](https://millionrounds.com/fund/brian-pokorny)[Charles River Ventures](https://millionrounds.com/fund/crv)[Chris Sacca](https://millionrounds.com/fund/chris-sacca)[Dick Costolo](https://millionrounds.com/fund/dick-costolo)[Greg Yaitanes](https://millionrounds.com/fund/david-beyer)[Jason Port](https://millionrounds.com/fund/jason-port)[Lowercase Capital](https://millionrounds.com/fund/lowercase-capital)[Marc Andreessen](https://millionrounds.com/fund/marc-andreessen)[Naval Ravikant](https://millionrounds.com/fund/naval-ravikant)[Ron Conway](https://millionrounds.com/fund/ron-conway)[SV Angel](https://millionrounds.com/fund/sv-angel)[Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) Reported by techcrunch.com

[Everyone who backed Twitter](https://millionrounds.com/company/twitter)

Form D

What they told the regulator

## Twitter filed 2 Form Ds with the SEC

The company reporting its own raise, rather than a journalist reporting it.

**$98M** sold under the offering **Jan 2010** most recent filing

1 / 64

The deck itself

## Read Twitter's full pitch deck

All 64 slides, each read for what it argues and set against the decks that raised at the same stage. The cover is shown here; the rest is read in the app.

Read the deck *→* Free account. The deck belongs to Twitter.

## Investors who claim them

Firms listing Twitter on their own portfolio page: the firm's own account rather than a round we watched. Weaker than an announcement, much stronger than a list somebody sold us.

[**Digital Currency Group** VC firm](https://millionrounds.com/fund/digital-currency-group)[**Richard Yoo** Angel](https://millionrounds.com/fund/richard-yoo)[**Galaxy Ventures (Galaxy Digital)** VC firm](https://millionrounds.com/fund/galaxy-ventures-galaxy-digital)

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[Browse all 1,712 decks](https://millionrounds.com/decks). We hold no record of where this file came from or on what terms. If it is yours and you would rather it were not here, [tell us](https://millionrounds.com/corrections?deck=twitter) and it goes.
