Jim McKelvey, who owned the company (which archived documents onto CD-ROMs) and who today is Jack Dorsey’s partner in Square, recalls that first meeting in 1992. “I was sitting at a terminal entering all this data, and this kid walks up behind me, with his arms straight at his sides. He was like [McKelvey speaks in a robotic voice], ‘Hi, I’m Jack.’ I said, ‘Yeah, I’ll be with you in a minute,’ and I turned around and completely forgot about him until I had to get up to pee. Jack was in exactly the same position. He’d been motionless for 45 minutes.”
McKelvey took Dorsey on as an intern and learned that this awkward teenager could swiftly master most computing tasks. When McKelvey began to worry his company could get killed by an online competitor, he found that Dorsey was the only one on his small staff who agreed on the need to migrate the business onto the fledgling Internet. McKelvey hired several freelancers for the project. “One guy asked me, ‘What’s my job title going to be?’ I said, ‘Assistant to the summer intern.’ He was basically a stick figure. I said, ‘Just do everything this kid says.’ ”
(Source: vanityfair.com, via longreads)
Jack Dorsey’s sketch from 2006 of what would become Twitter (via Jack’s Flickr)
Well, we finally have a glimpse at “Square,” the new mobile payments venture coming from Twitter co-founder and chairman Jack Dorsey. As expected, it’s a little hardware add-on that can turn an iPhone into a credit card reader.
The funny part: Details about the small-business-oriented project have been on the Web for months. It was just that nobody had put two and two together until some eagle-eyed folks at Engadget realized that a URL on a screenshot of the “Square iPhone Payments Venture” first reported by Coolhunting matched a domain registered to Dorsey.
Caroline McCarthy at C|Net
Twitter just closed a massive funding round that reportedly has given it a billion-dollar valuation. Meanwhile, co-founder and chairman Jack Dorsey is making investments of his own: he’s one of the undisclosed angel investors in geolocation start-up Foursquare, quite a few sources have told CNET News.
via jack