Twilio — Fueling the Future of Communications
by Josh Stein, DFJ Partner
DFJ would like to congratulate Twilio founder and CEO Jeff Lawson, and the team at Twilio, on reaching a significant milestone this week — the successful completion of their initial public offering.
Communications tie us together — both with each other, but also with the services that we use in our everyday lives.
Ride sharing services like Uber and Lyft are made easier when customers can coordinate with the driver. Support systems like Talkdesk and Zendesk combine voice, texts, and apps to deliver callers from phone tree hell. Whatsapp, Box, and EMC use SMS (Short Message Service) to be more secure with two-factor authentication. eHarmony users take that first step towards finding a match by exchanging texts, without having to give out their phone numbers.
Each example shows the power of communications to deliver effective and delightful customer experiences — and all of them, along with those made by 28,000 other companies, rely on Twilio’s Cloud Communications Platform to make it work.
DFJ would like to congratulate Twilio founder and CEO Jeff Lawson, and the team at Twilio, on reaching a significant milestone this week — the successful completion of their initial public offering. Jeff and the Twilio team rang the bell at the NYSE this morning, Thursday, June 23, 2016.
Twilio’s shares trade under the ticket symbol NYSE:TWLO, officially making it both the first traditional venture-backed IPO of 2016 and also the 24th recipient of DFJ’s Golden Frisbee, awarded to companies who realize value in excess of $1B.
DFJ is a relatively small and recent investor in Twilio. We wrote our first check in 2013, when Jeff was kind enough to invite us to participate in the company’s Series D financing.
Since that time, we’ve been honored to have a front row seat to watch Jeff build an exceptional company. Exceptional, not just in terms of their financial metrics and their technology platform, but even more so in terms of the strong and inspirational corporate culture (we highly recommend checking out Twilio’s Nine Values).
We’ve been very fortunate to work with Twilio’s other investors and would like to give a special nod to Union Square Ventures, Bessemer Venture Partners, 500 Startups, and K9 Ventures who had the good sense to invest at the company’s earliest stages and have been exceptional partners and supporters for Twilio.
Congratulations to Jeff and his team for taking a very important step in their larger journey to enable the next generation of developers to create innovative solutions with Twilio’s building blocks. Borrowing a phrase from the company, “We can’t wait to see what you build!”
Josh Stein is a partner at DFJ