They showed him the door. We decided we would start a company together. Host when did you come to that conclusion . You talk about your work as a glassblower. When did you realize payments were a problem he had just been kicked out of or its somebody i needed to standm in better the first time, so my first suggestion was lets go to San Francisco and get even. It was like spike motivated. But jack to his credit said why dont we do something more positive and start a new company so that was the impetus and then we were looking for a problem and the only thing we determined was our company was going to be sort of focused on ive got my phone here, ive got to use it as a prop. These things. Are we going to focus on these things because the iphone had just come out and we knew it was going to b be entertained. We hired an engineer from apple and that gave us two weeks to figure out what we were going to do. We were stretching for ideas and i went back to my studio. I am a glassblower. I make
And they show them the door and we were hanging out and talking. And decided we would start a company together. We were kicking around ideas. He didnt have an idea so we were looking for problems to solve. And came up with the problem of how merchants got paid. When did you come to that conclusion . Talking about your work as a glassblower when you realize payments were a problem for small merchants. That was funny because jack was just kicked out of twitter and my first reaction is he was like a little brother. I felt like i needed to stand up for what they did at twitter to have the first time was completely file. My first suggestion was lets get even with those guys it was just spite motivated. But jack to his credit said lets do something more positive and start a new company. So that was the impetus. Then we were looking for a problem the only thing we determined was our company would be focused my phone is a prop. These things focus on these things because the iphone had just com
I hired jack when he was 15. A High School Student. Came to work for a company that i actually still have. Then he went off to college. We kept in touch. And then he got kicked out of twitter. The first time. And they showed him the door and he came back to st. Louis and we were hanging out talking. Decided wed start the company together. We then were kicking around ideas. So we started looking for problems we could solve. Came up with the problem of how got paid. You talk in the book about your work as a glassblower. Talk about that moment that you realize that payments were a problem for small merchants. As i said, jack had just been kicked out of twitter. He was sort of like a little brother to me. Someone i felt i needed to stand up for. What they did to him at twitter the first time was completely vile. So my first suggestion was lets go to San Francisco and get even with those guys. It was lex fight motivated. But jack, to his credit, said why dont we do something more positive a
In your book new innovation you tell the story about gas blower to team up with the founder of twitter to build a multibillion dollar payment company. In the book you talk about perfect problem so when did you realize these were a perfect problem . Its funny. I needed a way to delineate problems and if you think about the worlds problems you have the ones that are solved it can come to fruition but somebody already figured it out. So we just dont have the way to do it. That Stimulus Group in the middle to solve the problems that have not yet been solved. That is the focus. So in other words you are looking for a way to solve a problem that has not been done so you have to do something new. You dont get to copy. So jack dorsey and i come i hired him when he was 16 a High School Student to help me with a company that i still have. I dont run any of my companies. They manage themselves. We started working together through when he went to college. We kept in touch but then he was kicked ou
The one seemingly everlasting, huge, super stores on the outskirts of cities may have reached the end of their shelf life. What additional context to them chains are closing down completely. Its becoming more and more difficult to invest. How do they compete . How are they able to survive . Big super stores are not doing well. An entire sector is struggling. The. The big retail chains control 70 percent of Food Supplies in europe. The agricultural and industrial sectors are directly impacted by this decline. To use that, these conversations can be very aggressive and the big Food Retailers are rushing to save what they can as the competition is already kicking off. Amazon wants to control the distribution of most of the goods in the world. And food is a huge part of the worlds economy to talk to the all total of the units, 1200. 00. And they say that they have good intentions and then theres no risk to us pocket for the home phone. So tell me, how can we trust, such as genuine williams