Musk’s Twitter Fix-It Team Fades Out as Billionaire Says Transition Is Almost Done

Elon Musk told a court in Delaware on Wednesday that his reorganization of Twitter Inc. is almost done, and he’ll spend less time on the company by the end of next week. The team of lieutenants he assembled to help with the transition is already inching toward the door.

The group of trusted advisers that were by Musk’s side as he navigated his first few weeks as Twitter chief — including venture capitalists David Sacks, Jason Calacanis and Sriram Krishnan — have been less visibly active at the company over the last week or so, according to people familiar with the matter. None of the men spoke at an all-hands meeting at Twitter San Francisco headquarters last week, and they’ve dialed back their own tweeting after initially enthusiastically using the platform to cheer for the changes that Musk was making.

During the early days of the transition, Musk’s right-hand men were everywhere: Sacks, who worked with Musk at PayPal Holdings Inc., discussed ideas with Twitter’s product team, while Calacanis, a former scout for the venture firm Sequoia Capital, met with advertisers and marketers. Krishnan, who previously worked at Twitter, helped Musk identify product and engineering leaders — Behnam Rezaei, who has been running engineering under Musk, had worked closely with Krishnan. All three were seen in the office in the days immediately after the deal closed.

At first, they eagerly discussed their involvement, including tweeting about it and, in the case of Calacanis and Sacks, discussing it on the podcast they host with fellow investors Chamath Palihapitiya and David Friedberg. Calacanis, Krishnan and Sacks were added to Twitter’s internal Slack messaging account, according to a person familiar with the situation, along with two other VCs who have taken a more low-key public role: SpaceX board member Antonio Gracias, founder of Valor Equity Partners; and Sam Teller, Musk’s former chief of staff and now a venture partner at Valor Equity.