Former Twitter CEO Dick Costolo to launch fitness startup

Former Twitter CEO Dick Costolo to launch fitness startup

Former Twitter CEO Dick Costolo has announced that he is set to launch a fitness startup this year. Costolo had resigned from his CEO position in June last year, and was replaced by Twitter co-founder Jack Dorsey.

Although Costolo, 52, has no role in Twitter’s management team, he used Twitter to announce the development of his new startup. In a couple of tweets on Tuesday, he revealed that he is starting the new venture in partnership with Fitify CEO Bryan Oki.

“We’re building a software platform that reimagines the path to personal fitness,” Costolo wrote. “This platform will go beyond measurement to motivate and drive improvement and make the road to personal transformation fun and social.”

Costolo’s fitness startup is claimed to deliver the “easiest and most flexible way” to enthusiasts. Several connected devices and wearables have already been emerged on a new space that offers fitness-centric features to masses. Thus, the ex-Twitter chief is planning to use the same space for his new venture.

Apart from announcing the new fitness startup, Costolo said that he is joining Index Ventures as a venture partner. He will invest in new startups through his new position and will work with existing portfolio companies.

“Having the opportunity to work with the great team at Index while also embarking on my own new venture makes the beginning of 2016 a very special time for me, and I can’t wait to dive in,” he concluded.

Michigan alumn Dick Costolo is one of the renowned faces in the technology world. He served as the CEO at Twitter for nearly five years. Also, he co-founded web management platform FeedBurner in 2004.

Costolo joined HBO show Silicon Valley as a consultant after leaving Twitter. And now, he is all-set for a new future ahead.

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