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CNBC Excerpts: First on CNBC: Twitter Co-founder Biz Stone on CNBC's "Squawk Alley" Today

WHEN: TODAY, FRIDAY, MARCH 13TH

WHERE: CNBC'S "SQUAWK ALLEY"

Following are excerpts from the unofficial transcript of a FIRST ON CNBC interview with Twitter Co-Founder Biz Stone on CNBC's "Squawk Alley" today. Following are links to the video of the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000361591&play=1 and http://video.cnbc.com/gallery/?video=3000361613&play=1.

All references must be sourced to CNBC.

STONE ON SUPER

The plan for Super is really just to make something fun because if something is fun people will use it and if a lot of people use it then it becomes important. I consider Super to be an evolution in social communication.

STONE ON A DIFFERENT WORLD

When we first started Twitter we had to claw our way you know claw our way to the first million people to use the service and then along comes these other services that build off of Twitter and they just they have a million registrants in a day you know. It's a totally different world.

STONE ON DICK COSTOLO

The reason why Evan and I hired Dick in the first place is because we admired his leadership skills. We've known him at least 15 years and we've know him to be a great leader a really funny guy and that was always a key hiring personality at Twitter was, "are they funny?"

STONE ON VALUATIONS

There might be some companies that are overvalued just because they can; because there are a lot of dollars in the VC world right now. And you know when you go to raise money, and you say, "well we need 3 million dollars," and they say, "don't you mean 30?" There are plenty of valuable companies and you know everybody knows not all of these companies are going to make it and all the VCs know it too. So you know it's a mixed bag, but anyone with common sense can tell value when they see it.

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