There have been so many great and successful entrepreneurs in our generation. With the amount of technology and innovation happening in today’s society, there is almost no limit to what the mind can dream up. Jack Dorsey is known for many things, one of them being his creation of “Square”. This is a product that revolutionized the way people do business whether it be at a small hot dog stand or paying a friend for pizza.
Jack Dorsey was born in 1979 and quickly realized his love for science and programming. His most notable work, along with Square, was becoming the co-founder of Twitter while attending New York University.
Square is a product that had the ability to change the transaction world as we know it. This small, square shaped device is something that attaches to smartphones and tablets. It is then able to accept payments from credit and debit cards. Even though this product was released in 2010, it is still a fairly new concept. The idea behind it is simplicity.
Jack Dorsey saw the market changing and had the mind to see where he could take it. He saw a problem among small businesses and solved it. Almost everyone today has a credit or debit card but it could prove difficult for a one man business to accept anything but cash. Jack Dorsey created this product for the purpose of making the lives of small business owners and entrepreneurs more simple. Turns out, simplicity sells. Square Inc. is now valued around 3.3 billion dollars which is not too bad for a 38 year old.
Tom, this idea is so unique. I know I wouldn’t have been able to think of something like this, even though the problem it solves is so evident! I will have to think about getting one for my phone so my friends can pitch in for pizza!