Hack The Entrepreneur: Passive Income |business Ideas | Marketing

495: How to Build a Billion Dollar Company | Jim McKelvey of Square

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Synopsis

Get a free 30-day trial of FreshBooks right now, no credit card required. Go to Freshbooks.com/HACK and enter HACK THE ENTREPRENEUR in the how did you hear about us section. My guest today is Jim McKelvey, a business person turned glassblower turned entrepreneur turned billionaire -- who has become a philanthropist, investor, and now an author. He's started a handful of companies, many that are still in business decades later. As he will tell you, every company he has started has also removed him from his leadership role. Although this doesn't sound like something to be proud of, Jim will tell you that this is one of the reasons for his success. After spending the better part of three decades innovating and building businesses, we mostly know him as the co-founder and designer of Square -- those little white squares we see plugged into phones and used to take credit card payments. Back in 2008, Jim, along with his soon-to-be Square co-founder Jack Dorsey, having just been removed as the CEO of Twitter decided