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Transcripts For CNBC Mad Money 20240712

The in that canasdaq at 2. 3 the stocks are all flavors and sizes and including stocks that is rallying the same time from a certain perspective this move looks like it is driven by contradictory theories about the future take the election. Today the market trended both trump and biden are going to win. Seemingly impossible let me give you both perspectives on the republicans side, the president is feeling better and theyre betting a big bound. Trump is expected to leave walter reed medical at 6 00 p. M. We are monitoring the situation and keep you updated maybe he can make a come back and win the election thats the argument he started making today you should not worry so much about covid because we got great drugs that can beat this thing on the democratic side, biden has been getting strong pollings, much better than hillary clinton. A landslide victory. Thats some real possibility the democrats want this election to be a referendum on covid. Even the president is fine, the white hou ....

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Transcripts For CSPAN2 After Words Jim McKelvey The Innovation Stack 20240713

Group in the middle of solvable problems that have not yet been solved. Thats what i call the perfect problem because that in fact is the focus of what i think entrepreneurship is. In other words, you are looking for a way to solve the problem that is solvable but has not been done. Youre going to have to do something new but you dont get a copy. What happened with jack, jack dorsey and i i hired jack when he was 15, he was a High School Student, came into work at a company that i still have and i dont run any of my companies they just sell them, this ones been around for 30 years and jack and i worked together and he went off to college and he got kicked out of twitter and the first time i guess. And they showed him the door and he came back to st. Louis and we were heading out and talking. And we decided we would Start Company together. So then we were kicking around fo ....

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Transcripts For CSPAN2 After Words Jim McKelvey The Innovation Stack 20240713

Perfect problem. So he needed a way to sort of delineate problems. If you think about the world problems, you got the ones who are salt so that we can cover the solution. And may be a problem that symbiosis already figured out. Then you have the ones that are one reason or another are so lovable. We just dont have the ways to do it. But then theres a group in the middle of solvable problems that have not yet been solved. Jim so that is what i call the perfect problem because that in fact, is the focus of what i think the leadership is. In other words we are looking for a way to solve a problem that is solvable but has not been density going to have to be doing something new and you dont get a copy it. So what happened with jack, jack dorsey and i, while i hired jack when he was 15. It was a High School Student and came into work at a company that actually still have. I dont run any of my companies but i also never sell them. ....

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Transcripts For CSPAN2 After Words Jim McKelvey The Innovation Stack 20240713

Problems that havent yet been solved. So thats what i call the perfect problem because that, in fact, is the focus of what i think entrepreneurship is. In other words, you are looking for a way to solve a problem that is solvable but hasnt been done. You had to do something you and you dont get to copy. And so we were then taken around for ideas and you do not have an idea and i didnt have an idea so we started looking for problems that we can solve and came up with the problem of how they got paid. When did you come to that conclusion, you talk in the book about your work, tummy about that moment that payments were a problem for small merchants. It was funny because as i said jack had been kicked out of twitter and my first reaction to that was jack was like a little brother to me, somebody felt like i needed to stand up for and what they did to him at twitter the first time was completely bile. So my first suggestion was lets go to S ....

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Transcripts For CSPAN2 After Words Jim McKelvey The Innovation Stack 20240713

Steve told the story of going from a glass blower in st. Louis teaming of the founder of twitter to build a multibillion payment company. In the book you talk about a lot about perfect problems. When did you realize that Small Business payments were a you are going to have to do something new and you cannot copy. I hired jack when he was 15, he was a High School Student came into work at a company that i actually still have. I dont run any of my companies but it also dont sell them. This ones been around for 30 years. He goes off to college, we kept in touch. And then he had kicked out of twitter, the first time,. [laughter] they showed him the door and he came back to st. Louis and he came back we were hanging out and talking and decided to start a company together. We are then kicking around ideas he didnt have an idea and i didnt have an idea suisse are looking for pr ....

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