New Episode - Sam Wen
"Everybody was just interested in doing what it took to ship. The 1st version of the server was written by Jack. So Jack Dorsey, this billionaire, well-known person, sits down, writes some Python to integrate with Authorized.NET in order to make payment processing work."
Welcome to this new episode of Explore! ??
Today, I sit down with Sam Wen , the co-founder of Square and partner at Green Visor Capital Management Co., LLC .
Topics in today's episode ??
Thank you to OpenVC for supporting this podcast. ??
What is OpenVC? It’s a free fundraising platform used by 10,000 founders and 5,000 investors (VCs, angels, family offices). Some features on the platform are: a fundraising CRM, AI pitch deck analytics and open rate tracking. Use the code: "EXPLORE” to upgrade to OpenVC Premium and get a 20% discount. ????
Tune in and discover the story behind a $38B company.
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Timestamps:
00:00 Introduction and Guest Background
01:20 Early Career and University Days
02:45 First Job at Boeing
05:20 Transition to Square
09:31 Founding Square and Early Challenges
14:40 Square's Product Development
28:48 Fundraising and Market Strategy
39:39 Competing in the Payment Industry
41:53 Driven by Design: The Early Days of Square
42:19 Competing with Giants: Amazon and PayPal
43:03 The Simplicity of Square's Hardware
45:03 Square's Legal Challenges and Industry Impact
46:27 The Philosophy Behind Square's Product Development
54:15 Square's Partnership with Starbucks
55:48 The Intensity of Working at Square
58:21 Reflecting on the Square Journey