How Jack Dorsey Took Advantage Of The Financial Crisis To Launch His Startup

Here’s a talk Twitter cofounder Jack Dorsey gave at the 99% conference, via Fred Wilson. Jack talks about learning from Twitter, and launching his new startup Square.

One of the keys to building a good startup is taking advantage of luck, says Jack. In the case of Square his luck was the financial crisis. When the economy collapsed, Jack says it “allowed us to seek out the people we needed to talk to at the banks, at the government, at the card brands,” because “they were in survival mode looking for innovation new business models.”

This part of the talk starts around the 7:30 mark in the video below, but the whole thing is pretty entertaining and just 16 minutes.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.