How This Company Beat Amazon
Money Rehab with Nicole Lapin
Originally aired 1.23.23
Jim McKelvey and Jack Dorsey created the payment tool Square to fix a problem small businesses had with credit card transactions. In the early days of Square, Amazon made a competing tool. For most small businesses, that usually means the beginning of the end. But not for Square. Jim and Jack did the unthinkable: they beat Amazon. Jim tells Nicole how they did it through what Jim calls Innovation Stack.
Find Jim's book The Innovation Stack here: jimmckelvey.com/books
All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Brokerage services for alternative assets are offered by Dalmore Group, LLC, member FINRA & SIPC. Brokerage services for treasury accounts offering 6-month T-Bills are offered by Jiko Securities, Inc., member FINRA & SIPC. Banking services are offered by Jiko Bank, a division of Mid-Central National Bank. Securities investments:*Not FDIC Insured; No Bank Guarantee; May Lose Value.*
Brokerage services for Regulation A securities are offered through Dalmore Group, LLC, member FINRA & SIPC. Risks at [public.com/disclosures/alts-risk-and-conflict-of-interest-disclosure](public.com/disclosures/alts-risk-and-...)
See public.com/#disclosures-main for more information.
Raw Description
<p>Originally aired 1.23.23</p><p>Jim McKelvey and Jack Dorsey created the payment tool Square to fix a problem small businesses had with credit card transactions. In the early days of Square, Amazon made a competing tool. For most small businesses, that usually means the beginning of the end. But not for Square. Jim and Jack did the unthinkable: they beat Amazon. Jim tells Nicole how they did it through what Jim calls Innovation Stack. </p><p>Find Jim's book The Innovation Stack here: https://www.jimmckelvey.com/books/</p><p><br></p><p><em>All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Brokerage services for alternative assets are offered by Dalmore Group, LLC, member FINRA & SIPC. Brokerage services for treasury accounts offering 6-month T-Bills are offered by Jiko Securities, Inc., member FINRA & SIPC. Banking services are offered by Jiko Bank, a division of Mid-Central National Bank. </em><strong><em>Securities investments:</em></strong><em> </em><strong><em>Not FDIC Insured; No Bank Guarantee; May Lose Value. </em></strong></p><p><em>Brokerage services for Regulation A securities are offered through Dalmore Group, LLC, member FINRA & SIPC. Risks at public.com/disclosures/alts-risk-and-conflict-of-interest-disclosure</em></p><p><em>See </em><a href="https://public.com/#disclosures-main"><em>public.com/#disclosures-main</em></a><em> for more information.</em></p>
Show Notes
Originally aired 1.23.23
Jim McKelvey and Jack Dorsey created the payment tool Square to fix a problem small businesses had with credit card transactions. In the early days of Square, Amazon made a competing tool. For most small businesses, that usually means the beginning of the end. But not for Square. Jim and Jack did the unthinkable: they beat Amazon. Jim tells Nicole how they did it through what Jim calls Innovation Stack.
Find Jim's book The Innovation Stack here: jimmckelvey.com/books
All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Brokerage services for alternative assets are offered by Dalmore Group, LLC, member FINRA & SIPC. Brokerage services for treasury accounts offering 6-month T-Bills are offered by Jiko Securities, Inc., member FINRA & SIPC. Banking services are offered by Jiko Bank, a division of Mid-Central National Bank. Securities investments:*Not FDIC Insured; No Bank Guarantee; May Lose Value.*
Brokerage services for Regulation A securities are offered through Dalmore Group, LLC, member FINRA & SIPC. Risks at [public.com/disclosures/alts-risk-and-conflict-of-interest-disclosure](public.com/disclosures/alts-risk-and-...)
See public.com/#disclosures-main for more information.
Raw Description
<p>Originally aired 1.23.23</p><p>Jim McKelvey and Jack Dorsey created the payment tool Square to fix a problem small businesses had with credit card transactions. In the early days of Square, Amazon made a competing tool. For most small businesses, that usually means the beginning of the end. But not for Square. Jim and Jack did the unthinkable: they beat Amazon. Jim tells Nicole how they did it through what Jim calls Innovation Stack. </p><p>Find Jim's book The Innovation Stack here: https://www.jimmckelvey.com/books/</p><p><br></p><p><em>All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Brokerage services for alternative assets are offered by Dalmore Group, LLC, member FINRA & SIPC. Brokerage services for treasury accounts offering 6-month T-Bills are offered by Jiko Securities, Inc., member FINRA & SIPC. Banking services are offered by Jiko Bank, a division of Mid-Central National Bank. </em><strong><em>Securities investments:</em></strong><em> </em><strong><em>Not FDIC Insured; No Bank Guarantee; May Lose Value. </em></strong></p><p><em>Brokerage services for Regulation A securities are offered through Dalmore Group, LLC, member FINRA & SIPC. Risks at public.com/disclosures/alts-risk-and-conflict-of-interest-disclosure</em></p><p><em>See </em><a href="https://public.com/#disclosures-main"><em>public.com/#disclosures-main</em></a><em> for more information.</em></p>