Jim McKelvey
14 statements across 1 episodes · 6 bullish · 1 bearish · 1 people on the record · first statement Apr 5, 2021 by Jim McKelvey · said 2 times in 2 episodes since 2021 · 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.
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brought up most by Nathan Latka (2)
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2021 2 mentions in 2 episodes 1 per episode
Everything said about Jim McKelvey, oldest first
Apr 5, 2021 positive
Apr 5, 2021
Apr 5, 2021
Apr 5, 2021 positive
Square intentionally sacrificed card reader reliability for attention-grabbing novelty
“We made a critical decision at the company to release a card reader that was actually too small to do the job it was supposed to do, but got your attention in a way that nothing on the market had ever done. And I believe that attention was super important. And…”
Apr 5, 2021 negative
Apr 5, 2021 positive
Apr 5, 2021 positive
McKelvey: Put 99% of focus on feedback over protecting ideas
“So I put 99% of the emphasis on getting feedback and one percent on protecting ideas. I've literally never seen an idea stolen. Okay. I mean, I've seen ideas copied. I see it all the time. But I've never seen somebody outrun the entrepreneur. Most people who a…”
Apr 5, 2021
Jack Dorsey opposed Square's iconic hardware, preferring a camera scanner
“I said, we need to build a piece of hardware, and Jack thought I was crazy because he said, we don't want to build hardware. Hardware is a terrible business, and it'll slow us down, and we can just use the camera on the phone”
Apr 5, 2021 positive
Apr 5, 2021 neutral
McKelvey: Applying copying strategies to unprecedented problems leads to failure
“If you're on one side of that line, a totally familiar set of behaviors, which is the behaviors of copying, are optimal and appropriate. But if you're on the other side of that line, those behaviors will get you in deep trouble.”
Apr 5, 2021 positive
Jim McKelvey: Every market offers billion-dollar opportunity at the bottom
“It turns out in every market, I believe there's opportunity at the bottom. And if you want to, you know, you want a new business, billion dollar business idea here, I'll give a hundred away right now. Just look where the market ends.”
Apr 5, 2021
McKelvey: Square was inspired by losing a glass sale to an Amex card
“Jack Dorsey and I, who had been friends for years and worked together on another company that actually I still own he and I were going to start a new company. We didn't have an idea. I'm a glass blower, so I work in a grubby studio and I sell stuff that nobody…”
Apr 5, 2021 neutral