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In Musk and Twitter, one aspect of the business life of the world’s richest man has been revealed.
The private messages exchanged in the inner circle take us into the process of conceiving the idea.
The messages were released as part of proceedings between the two parties in Delaware Chancery Court.
The revelation of these private messages is no doubt one of the reasons that led the billionaire to return to the table his offer to acquire the platform for 44 billion dollars. And to ask that Twitter (TWTR) He dropped the legal action in exchange.
You can read them here.
Here are the messages Musk exchanged with his tech brethren about Twitter.
Some validity to some good understanding of messages: Parag Agrawal is the CEO of Twitter. Morgan Stanley is the bank that advises Musk, and Jared Birchall is the billionaire’s adviser.
SVP stands for Special Purpose Vehicles.
David Sachs, co-founder of PayPal, general partner of venture capital firm Kraft Ventures
On April 26, the day after the Twitter deal was announced, Sachs met with Field.
Bags: Justin Amash (former congressman libertarian and good at free speech) asked for your introduction. “I believe I can be helpful to the next Twitter group — thinking about how to handle speech and moderation, how that relates to governance ideas, how to navigate the right government (including future threats to Section 230), etc. — and I’m interested in connecting with Elon.” I would like to meet (I don’t have a direct way to meet him) I believe that my experience and experience can be useful, and my general vision fits the stated goals. thank you. .” Please contact him. LMK.
Musk: I don’t own Twitter yet.
Bags: Understood.
Then on April 28:
Musk: Are you and/or would you like to invest in a private equity case?
Musk: Fund
Bags: Yes but I don’t have a vehicle for it (Craft is a venture) so either I have to set up an SPV or I have to do it personally. If it’s the latter, my rate will be relatively rat-nuts, but I’m happy to get involved to support the cause.
Musk: It’s for you.
Bags: Okay cool, let me know.
Bags: I’m personally in and I’ll pick up an SPV if that works for you.
Musk: Sure
Joe Lonsdale, co-founder of Palantir Technologies, 8VC
On March 24, Lonsdale wrote to Musk, two weeks before he was announced as Twitter’s largest shareholder.
Lonsdale: I love your ‘Twitter Algorithm Should Be Open Source’ tweet – tomorrow I’m speaking to over 100 House members at a retreat on GOP policy and this is one of the ideas I’m pushing to reign in crazy big tech. I feel less crazy myself now that I can quote you 🙂 Public squares shouldn’t have arbitrary draft censorship.
Musk: Absolutely
Musk: What we have now is hidden corruption!
On April 4, Lonsdale tweeted his congratulations to Field after his share was announced.
Lonsdale: Nice to see the share on Twitter – awesome. “Backdoor guy” they say haha. Hope you can make an impact. I bet the board doesn’t even get a full report or see a report of the censorship decisions and small cabals, but they should – the graphists on the board might want a plausible deniability.
On April 16:
Lonsdale: Haha even Governor DeSantis just called me saying how can I help you and he’s pissed off at that board and the people are rooting for you. Let me know if you or someone close to you wants to chat with him. It would be great to see you if you are around this weekend or the next few days.
Musk: Haha cool
Jason Calacanis, Angel Investor, Podcaster.
On April 14, when Musk made his bid to acquire Twitter for $44 billion at $54.20 a share, Calacanis appeared to hesitate and mock the company.
Calacanis: You should raise your offer
Calacanis: $54.21
Calacanis: The perfect counter
Kalakanis: You can easily clean out bots and spam and make the service available to many users – removing bots and spam is a lot more complicated than what Tesla’s self-driving team is doing (based on hearing the last Border Case meeting).
Kalakanis: And why should blue check marks be limited to celebrities, press and celebrities? How democratic is it?
On April 15
Calacanis: Behind the envelope… Twitter revenue per employee: $5B rev/8k employees = $625K rev
Google revenue per employee in 2021: $257B rev/135K employees = $1.9M
Apple revenue per employee in 2021: $365 rev/154k employees = 2.37 million per employee in fiscal 2021
Calacanis: Twitter revenue per employee 3k instead of 8k: $5B rev/ 3k staff= $1.66m rev per staff in 2021 (higher industry standard)
Musk: Crazy potential for improvement
Calacanis: Day Zero
Kalakanis: Let your boys spend their days
Calacanis: 2 days a week office requirement = 20% voluntary departure
Kalakanis: I mean the product roadmap is more than clear.
Calacanis: Premium features abound… and Twitter Blue has exactly zero.
Kalakanis: Which committee has a list of dog noise characteristics in blue?!? It’s worth paying to get rid of.
Musk: Yeah, how crazy!
Calakanis: Maybe we don’t tweet on Twitter DM.
Musk: I was thinking that haha
Musk: Nothing different from what I’ve said publicly so far.
On April 16:
Musk: Btw, Parag is still on a ten-day vacation in Hawaii.
Kalakanis: There is no reason to cut short… on your first visit as general manager
Kalakanis: (!!!)
Calacanis: Shouldn’t he be in the war room by now?!?
Musk: Does it count as making occasional buzz calls while sipping fruity cocktails at the Four Seasons?
Calacanis and Mook will exchange a lot in the coming days.
On May 13, Musk wrote to Kalakanis:
Musk: What’s going on with your marketing and SPV to randos? This is not good.
Kalakanis: Not Randos, I have the biggest angel syndicate and that’s how I invest. We’ve done over 250 deals and know everyone. But I
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