Dick Costolo
Description
Dick Costolo, widely recognized for his tenure as CEO of Twitter, has transitioned into a prominent figure in the venture capital landscape, primarily through his firm, 01 Advisors. Co-founded with former Twitter COO Adam Bain, 01 Advisors distinguishes itself by combining strategic capital with deep operational expertise. Launched in 2019, the firm aims to leverage Costolo's extensive experience in scaling technology companies to guide promising startups through critical growth phases. This hands-on approach reflects a commitment to fostering long-term success beyond mere financial investment.
01 Advisors primarily targets growth-stage companies, typically engaging in Series B, Series C, and later-stage rounds. Their investment philosophy centers on identifying companies with strong product-market fit that are poised for significant expansion but could benefit from seasoned operational guidance. Costolo and Bain bring a wealth of knowledge in areas such as product development, engineering, and go-to-market strategies, offering portfolio companies invaluable insights derived from their experience leading one of the world's most impactful social platforms. This advisory model is designed to accelerate growth and mitigate common scaling challenges.
The firm's typical investment range for a first check is between $5 million and $10 million, reflecting their focus on providing meaningful capital injections to companies ready for their next phase of growth. However, 01 Advisors demonstrates flexibility, with the capacity to deploy as little as $1 million for earlier opportunities or as much as $20 million for highly compelling, later-stage ventures. This broad range allows them to participate in a diverse set of deals while maintaining their focus on high-potential companies. Their portfolio includes several well-known and rapidly growing technology companies, underscoring their ability to identify and support future industry leaders.
Investor Profile
Dick Costolo has backed more than 30 startups, with 1 new investments in the last 12 months alone. The firm has led 1 rounds, about 3% of its total and boasts 6 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Seed, Series C rounds (top funding stages).
- Majority of deals are located in United States, Canada.
- Strong thematic focus on Artificial Intelligence (AI), Software, Big Data.
- Typical check size: $1M – $20M.
Stage Focus
- Series A (33%)
- Seed (30%)
- Series C (10%)
- Series Unknown (7%)
- Pre Seed (7%)
- Series D (3%)
- Series B (3%)
- Debt Financing (3%)
- Angel (3%)
Country Focus
- United States (97%)
- Canada (3%)
Industry Focus
- Artificial Intelligence (Ai)
- Software
- Big Data
- Saas
- Analytics
- Enterprise Software
- Machine Learning
- Developer Tools
- Information Technology
- Apps
Frequently Asked Questions
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