Twitter CEO Dick Costolo Gives New Grads Advice to Be 'Bold'

Dick Costolo, Twitter CEO
Francois G. Durand | Getty Images
Dick Costolo, Twitter CEO

Twitter CEO Dick Costolo gave a pretty hilarious commencement speech on Saturday at the University of Michigan.

Costolo got his bachelor's degree in computer science at the school. Yet, despite having three job offers from tech companies upon graduation, he instead opted to move to Chicago to chase his dream of becoming an improv comedian.

In his speech, Costolo shared some of his wisdom about chasing dreams, his failed attempts at professional improv and the path that ultimately led him to Twitter. Costolo's big advice to the graduates was to make bold bets, live in the moment and do something they love.

"When you are doing what you love to do you become resilient because that is the habit you create for yourself," he said. "You create a habit of taking chances on yourself and making bold choices in service to doing what you love."

(Read More: Twitter #TV Will Be Better Than Twitter #Music )

Costolo's advice is also very applicable to anyone in the startup community, said Fred Wilson, managing partner at Union Square Ventures, in a blog post on Sunday.

Watch Costolo's full speech in the video below.