“JD and Usha and many people from the White House were kind enough to come to my father's funeral last summer, and so we flew back to D.C., and they were nice enough to take me.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Jackie Reses
Opinion
Reses: Claims of systematic industry 'debanking' are an absolute crock
“Okay, I don't believe there was debanking. I think it's a crock of shit. I think it's an absolute crock of shit.”
Jackie ResesMay 28, 2026▶ 42:25She Bought a Bank for $56M. It's Now Worth $1.5 BILLION · Sourcery with Molly O'Shea
Opinion
Reses: Jack Dorsey is never wrong on product ideas, only timing
“And so sometimes he's wrong on timing, But he's never wrong about the idea, and so following his instincts is a great way to follow what to expect in consumer products.”
Jackie ResesMay 28, 2026▶ 35:01She Bought a Bank for $56M. It's Now Worth $1.5 BILLION · Sourcery with Molly O'Shea
AssertionNot checkable as stated
Reses: Square nearly delayed its Bitcoin launch over SEC accounting disputes
“And so we almost got held up that first quarterly earnings period because we couldn't get accountants in the SEC to agree that we were accounting it correctly and then actually get it in the numbers in order to launch the product.”
Jackie ResesMay 28, 2026▶ 33:15She Bought a Bank for $56M. It's Now Worth $1.5 BILLION · Sourcery with Molly O'Shea
Opinion
Leading Square HR while Jack Dorsey ran Twitter was Reses's worst job
“Like, honestly, the worst job I ever had was being the head of HR at Square. So I ran these financial services products, and I ran HR. And the HR job at Square Could have been okay, but for the fact that Jack is running Twitter, and any time that there was dra…”
Jackie ResesMay 28, 2026▶ 36:18She Bought a Bank for $56M. It's Now Worth $1.5 BILLION · Sourcery with Molly O'Shea
AssertionSupported
Reses: Yahoo and Alibaba stopped speaking despite Yahoo's 40% stake
“If you remember, there was this dynamic where Carol Bartz had been in this contentious fight with Jack Ma that was widely chronicled, and the two companies stopped talking to each other, even though Yahoo owned 40% of Alibaba.”
Jackie ResesMay 28, 2026▶ 3:17She Bought a Bank for $56M. It's Now Worth $1.5 BILLION · Sourcery with Molly O'Shea
Opinion
Masayoshi Son focused purely on high-level approval, leaving execution to others
“Masa would almost just assume that everyone else would do it, and he would take the big picture concepts of it and just decide whether he was comfortable with it or not. And so it's almost the opposite of the way I work. I can't even fathom operating like that…”
Jackie ResesMay 28, 2026▶ 12:12She Bought a Bank for $56M. It's Now Worth $1.5 BILLION · Sourcery with Molly O'Shea
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