Cash App

“I was like, hey, we gotta build, like, this platform for payroll. It's like, you know, the last giant money movement thing that hasn't really come with the needle in a long time.”

“The thing Cash App did right was like 10 things, not one. Like it was, there were like 10 things that Actually best in class, like insane talent density, insane focus, very strong at fraud... The reason it's differentially successful in the market today is the…”

“Or rather it was the cut through the clutter differentiator. There were like, actually like a lot of other sort of long tail of things that were doing those different, but it was like instant was the thing where, you know, When someone says, Hey, why are you b…”

“One of the muscles that like we really just spent a lot of time building Cash App was going really, really deep into like the regulatory sort of wallpaper of the problems we were trying to solve. And so we, you know, we would have sessions where we'd be sittin…”

“Being different is not enough because it's very easy to build a thing that's different from what exists today because you just have to look at what exists today and build something else. And being better is not enough because It's also easy to say, Hey, I'm go…”

“When I joined, Cash Hub was like, 11 or 12, and it wasn't much more than that for like a year.”

“When I joined Cash App was probably sub-fifty K, Actives, like people moving money. Today, I think it's north of fifty million actives on a monthly basis with all different types of money movement, like Bitcoin, P to P card stocks. And I think it's something l…”

“Like, for, like, three or four years in the United States, the fastest and lowest cost way to move money in the country between any two people who had bank accounts was CashApp. And I think that kind of changed in 2017 when PayPal, Venmo, Apple Cash, et cetera…”

“We went through Between plastic, the overlay, the paper, the envelope, and the like finishes, easily a thousand combinations before we got to like the first version of cash card that we shipped.”

“You know, I remember even in the early days, people used it to pay each other as a peer to peer money transfer system. And that's why we built Cash App and that was really successful on the back of that.”

“We had a lot of momentum in each of these silos, be it cash app, be it after pay. Be it square or even title or music streaming service. And no one was really talking to each other. No one was really aligned on technical strategy on what we even wanted to be f…”

“I don't think that things have Progress far enough that it's really impacted in a fundamental way how you would, how many people you would need to sort of build an app of the scale of cash app, for example.”