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456: How to Build an Unbeatable Business with Square Co-Founder Jim McKelvey

456: How to Build an Unbeatable Business with Square Co-Founder Jim McKelvey

FromThe Foundr Podcast with Nathan Chan


456: How to Build an Unbeatable Business with Square Co-Founder Jim McKelvey

FromThe Foundr Podcast with Nathan Chan

ratings:
Length:
64 minutes
Released:
Apr 21, 2023
Format:
Podcast episode

Description

Jim McKelvey was a glassblower when he created the idea for the payment platform Square (now Block, Inc.). He was furious that he couldn’t accept certain credit cards as an artist and contacted a former colleague and Twitter co-founder Jack Dorsey to solve the problem. What took three weeks to build became a three-year journey of creating Square into a banking disruptor inspired by McKelvey’s frustrations. In the 15 years since McKelvey teamed up with Dorsey, Square has grown into a billion-dollar business and beat the world’s best company at absorbing startups—Amazon. 

Listen to Nathan and Jim discuss:

Hitting it off with Dorsey when he was his summer intern

Realizing how many laws they were breaking with Square

Convincing the banking industry to accept Square 

Taking on Amazon and winning

Researching unbeatable companies throughout history 

Why he wrote the book The Innovation Stack


How to pitch a product

Why it’s better to copy than innovate

His new foundr course

Plus, excerpts from our live community event 

And much more innovation advice...


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Magazine
Released:
Apr 21, 2023
Format:
Podcast episode

Titles in the series (100)

We interview hard to reach entrepreneurs. (Mark Cuban, Seth Godin, Tim Ferriss, Tony Robbins, Barbara Corcoran, Daymond John & many more). Unlike most podcast interview series Nathan Chan literally started from knowing nothing. He was just an average guy working in a 9-5 job he utterly hated. He knew nothing about entrepreneurship, nothing about startups, nothing about marketing, and nothing about online or how to build a business. So from launching Foundr Magazine he's gone out and spoken to some of the most successful entrepreneurs and founders in the world in the world to find out exactly what it takes to become a successful entrepreneur, so YOU can learn from them. Why this podcast? Because we're asking the same questions you want to know as an entrepreneur on their journey to building an extremely successful business. We're on the front-lines facing the daily battles you are. How do I get more customers? How do I scale my business? I want to start a business, but just don't know where to start? How did this person get millions of customers and make millions of dollars and have a such a massive impact on the world? Some of these entrepreneurs are very well known, and some not known at all and that’s the cool part! Here we will share with you our best interviews from Foundr magazine showcasing this persons processes, failures, critical lessons learnt and actionable strategies showing YOU how to build a successful business. This is NOT your AVERAGE everyday entrepreneurship podcast.