Brief
Published:
Twitter co-founder Biz Stone and Pinterest co-founder Evan Sharp raise new funding for their social media startup West Co..
The startup launched an invitation-only version of its first app, Tangle, in November. Today, the Financial Times has reconstructed more details based on comments made by Stone and Sharp, as well as regulatory documents and job postings.
The company has reportedly raised $29 million, with Spark Capital leading its seed round.
Sharp, the company’s CEO, described West Co as emerging from the question: “What could I build that could help address some of the terrible devastation to the human mind and heart that we have wrought over the last 15 years?”
The answer, at least in its initial form, is an app that asks users: “What is your intention for today?” Users can share their goals with their friends, hoping to help them “plan with intention, capture the reality of their days, and see the deeper threads that shape their lives.”
Stone told the FT that the app could change significantly before it is fully launched to the public.
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