The report also revisits the circumstances of Agrawal's exit from Twitter. Musk, who became Twitter's largest shareholder in 2022, initially intended to join the board but later withdrew. Musk's acquisition of Twitter was marked by controversy, including disagreements over the number of bots on the platform and allegations that Twitter had distorted data. Agrawal was CEO of Twitter from November 2021 until October 2022 when he was fired by Musk.
Key takeaways:
- Ex-Twitter CEO Parag Agrawal is building an AI startup and has raised about $30 million for the venture.
- The startup aims to create software for LLM developers, with funding led by Khosla Ventures and participation from Index Ventures and First Round Capital.
- Agrawal was ousted from Twitter after Elon Musk's acquisition of the company in 2022, which was renamed to X.
- Musk became Twitter's biggest shareholder with a 9.2% stake in 2022, and his takeover was marked by a series of dramatic events, including a dispute over the number of bots on the platform.