Jim McKelvey

11 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Feb 23, 2026 by Jim McKelvey · across every show →

On the record as a speaker too: Jim McKelvey's record, appearances and statements → this page counts the times other people say the name.

Everything said about Jim McKelvey, oldest first

Feb 23, 2026
Assertion Not checkable as stated
McKelvey lived on a $25 weekly budget while founding Mira
“My budget was 25 dollars a week. Food, clothing, and transport. That was what I lived on.”
Jim McKelvey Feb 23, 2026 ▶ 21:08 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
Feb 23, 2026
Assertion Supported
Amazon surrendered its payment product and mailed Square readers to merchants
“And it failed so badly that Amazon gave us all their soon-to-be former customers and mailed them a Square reader and said, we're out, go to Square.”
Jim McKelvey Feb 23, 2026 ▶ 1:05:34 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
Feb 23, 2026 positive
Insight
McKelvey learned his value was making superior engineers more productive
“And that's probably the thing I learned best in college, which was I can go into a group of people who are way better than me, and I can make them more productive.”
Jim McKelvey Feb 23, 2026 ▶ 9:00 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
Feb 23, 2026 positive
Assertion Not checkable as stated
McKelvey's first trade show CD-ROM generated $70,000 in profit
“And the first one I did, I made 70 grand. Guy Raz: On one product, on one CD. Jim McKelvey: On one. Guy Raz: 70 grand profit. Jim McKelvey: 70,000 dollars of profit, and that was with the trade association actively suing me and trying to stop me.”
Jim McKelvey Feb 23, 2026 ▶ 24:04 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
Feb 23, 2026
Assertion Contradicted
Make Magazine's first issue perfectly described Square's card reader design
“If you want to know the real story, just get the first issue of Make Magazine. It's publicly available. It describes exactly what we were building, and I knew that when I went to Bob.”
Jim McKelvey Feb 23, 2026 ▶ 57:47 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
Feb 23, 2026
Disclosure
McKelvey wrote 'The Debugger's Handbook' as a freshman spite project
“So freshman year, out of stubbornness, I wrote what was basically a spite book. I rewrote the textbook for my intern to computer science class from the perspective of a student, and that book turned out to be pretty popular and actually got me a publisher.”
Jim McKelvey Feb 23, 2026 ▶ 6:16 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
Feb 23, 2026 neutral
Assertion Not checkable as stated
McKelvey funded his first startup using his glassblowing studio profits
“Well, I mean, I, that's allowed me to start my other company. My venture capital came out of the studio.”
Jim McKelvey Feb 23, 2026 ▶ 13:14 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
Feb 23, 2026 neutral
Disclosure
McKelvey maintained a $1,000-per-day production rule as a glassblower
“My rule was a thousand dollars a day. Every day I work in the studio, I make a thousand dollars.”
Jim McKelvey Feb 23, 2026 ▶ 13:04 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
Feb 23, 2026 neutral
Assertion Supported
Square was originally named Squirrel and had an acorn-shaped card reader
“Originally the company was called Squirrel, because we thought squirrels, you know, were cute and saved nuts and thought that was a good payment name. Turns out it was a good payment name, and another company had a payment system called Squirrel, so we pivoted…”
Jim McKelvey Feb 23, 2026 ▶ 49:47 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
Feb 23, 2026 neutral
Assertion Not checkable as stated
Square's early credit card readers cost 97 cents to manufacture
“And each reader cost you how much? 97 cents.”
Jim McKelvey Feb 23, 2026 ▶ 49:20 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
Feb 23, 2026
Insight
Interdependent 'innovation stacks' protect novel inventions from giant corporate copiers
“If you invent something truly new, you're not inventing one thing. You're inventing a stack of things, and that invention becomes its own protection. And as long as you behave properly, I mean, it turns out there are a bunch of rules that if you follow these r…”
Jim McKelvey Feb 23, 2026 ▶ 1:06:40 Square: Jim McKelvey. He Lost a $2,000 Sale, Then Built a $10 Billion Company
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