Biz is one of the co-founders of Twitter and there is a packed lecture theatre.

You have to be on the look out for mistakes that aren't actually mistakes. Ev saw this at blogger too. The little side project can blow up big and 'be the thing'.

'Creativity is a renewable resource' and he's telling a story about a job shifting boxes he had when he was a student. Designed a book jacket he 'sneaked' into a pitch -"What the box guy?" - which led to him being recruited to work at the company.

Humour and playfulness are essential for success
It's hard to make a start-up work without a sense of humour.

Social alchemy is taking place
Over the last 10 years people have moved to more communication being public - openness delivers value.

This new transparency is leading to positive global impacts from the open exchange of information - this is what we believe at Twitter.

We've come to learn this as we see things happen across the world - Twitter is about being more informed, becoming more engaged and then becoming more empatheic. This leads to a greater sense of what it means to become a global citizen.

The started a company which was about podcasting - but Apple introducing podcasting into iTunes turned them off; especially as they weren't passionate about 'listening to geeks talk for an hour and a half.

The first interface design for Twitter #svco listening to @biz twitpic.com

Twitter is fun but it's not useful - and Ev said 'neither is ice-cream'
A lot of geeks in the Bay area started using it and criticising it. But we just wanted to have fun.

Rudimentary communication by individuals - that then looks like 'flocking'

Twitter is about the triumph of humanity, not the triumph of technology
Example of using Twitter for earthquake alerts.

Other examples of Twitter use - Mumbai; picked up from analysing trends on Twitter. Then the protests in Iran. The use of Tweets in the Moldovian protests.

Organisations and companies adopted Twitter quickly

Comcast began using it to look at what people (bloggers) were saying about them. Huge companies using it for realtime responses to customer compliants. Each contact is a marketing opportunity.

Local businesses are using it for realtime promotion of products - example of hot cookies straight out of the oven.

what's inspiring to us is that little businesses and entrepreneurs can benefit from twitter, not just big companies - Biz Stone #svco

Companies are beginning to build companies on Twitter - it's a very rich ecosystem. We are launching new features - which we broadcast to platform developers - and they need to be able to take advantage of new features.

"We are one of the few internet companies that has mobile in its DNA"

Biz Stone: deciding to take on a global issue doesn't mean you need to be arrogant enough to think you're going to solve them #svco

It's not just altruistic - it's also about being a company that people want to work with because of what it does.

Now he's sharing some things about Twitter - things they as new hires to 'assume'

#1 We can change the world, build a business and have fun
#2 We don't know what's going to happen
#3 There's a creative answer to every problem
#4 There are more smart people outside the company than within
#5 We will win if we always do the right thing for our users
#6 We can do better
#7 The only deal with doing is the win-win deal
#8 Your co-workers are smart and have good intentions
#9 We all have room to grow
#10 We're just getting started

"2010 will be a revenue year but we have plenty of time as we raised enough capital"

"It's a fundamentally different model from Facebook - but yeah I guess they are our closest competitors"

when Twitter goes to market we will work out a way to share the value thru the whole twitter eco-system @biz #svco

[I asked a question and so stopped blogging for a bit - apologies]

[Event ended - thanks for watching]