Twitter co-founder Biz Stone is joining Spark Capital (which was an early investor in Twitter) as a strategic advisor, according to Spark Capital partner Bijan Sabet.
Sabet writes that In this role, Biz will help us think through and evaluate new investment opportunities. Additionally he will provide us with valuable insight about our current portfolio companies as well. Sabet actually led Spark’s investment in Twitter and serves on the company’s board.
We heard last week, Stone is also taking a step back from Twitter to re-team with Ev Williams and Jason Goldman (both of whom recently left their full-time duties at Twitter) to re-start The Obvious Corporation. The new venture plans to develop new projects and work on solving big problems aligned along a simple mission statement: The Obvious Corporation develops systems that help people work together to improve the world.
Because of his role at the Obvious Corp.; we’re assuming Biz’s work at Spark Capital will be part time. Spark, which just participated in Foursquare’s massive round, also recently raised a new fund.
Check out our Sarah Lacy’s in-depth conversation with Sabet earlier this year here.