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Summary:

Two of the early investors of Twitter — Fred Wilson of Union Square Ventures and Bijan Sabet of Spark Capital — are leaving Twitter’s board of directors. This is the latest shake-up in the long list of shake-ups at the San Francisco–based company.

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Two of Twitter’s earliest investors — Fred Wilson of Union Square Ventures and Bijan Sabet of Spark Capital — are leaving Twitter’s board of directors. This is the latest shake-up in a long list of shake-ups at the San Francisco–based company. Fortune’s Dan Primack in a tweet postulates that the “Twitter board shakeup reflected in who was offered cash-out on last VC round.” Twitter recently raised a whopping $800 million from a variety of investors, including DST Capital, and it is now valued at over $8.4 billion.

Twitter statement: “Bijan Sabet and Fred Wilson both played important and greatly appreciated roles in our success. Both saw what Twitter could become before most anyone else. We look forward to their continued input as both investors in the company and passionate users of the product.”

  1. It’s absolutely expected the lead new investor(s) in a large round will take the board seats of earlier round investors. (Even if the earlier investor didn’t take money off the table) It’s not a “shake-up” in any bad/negative way, it is just making room.

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