J
Jeff Causey
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If you were wondering what former Twitter CEO Dick Costolo may be up to since leaving the social media platform last year, the tech luminary resurfaced with a couple tweets announcing two big moves he is making as 2016 begins to unfold. In his first announcement, Costolo reveals he is partnering with Bryan Oki to create a new company focused on building a “software platform” to support the personal fitness market and users. In his second announcement, Costolo announced he will be joining venture capital firm Index Ventures as a Venture Partner to help provide funding for promising entrepreneurs.
Costolo did not indicate what the new fitness platform will be called. However, in his post he indicates that he hopes to “go beyond measurement to motivate and drive improvement and make the road to personal transformation fun and social.” He indicates the field has plenty of connected devices and trackers along with specialized studios, programs and professionals all working to help people become more healthy. One problem though is that there is a lot of fragmentation in the market and Costolo hopes to build something that is agnostic and will work across all of the options out there. His partner, Bryan Oki, has considerable experience in the strength and conditioning fields leading to his position as director of CrossFit and then helping as a co-founder and CEO for Fitify Inc., a health and wellness consulting firm.
If the new fitness focus does not work out for Costolo, he will have his new investment in Index Ventures to fall back on. Costolo indicates he has become familiar with the work of Index Ventures through a friendship with Danny Rimer, one of the company’s partners who founded their London office in 2002 and then helped co-found the San Francisco office in 2012.
source: Dick Costolo (Twitter)
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