His popular Quotes
“Everything we do is about getting people to be more open, more creative, more courageous.”
Born in St. Louis, Missouri, on November 19, 1976, Jack Dorsey became involved in web development as a college student, founding the Twitter social networking site in 2006. Since that time, Dorsey has served as CEO, chairman of the board, and executive chairman of Twitter. He also launched the successful online payment platform Square in 2010.
Inventor of Twitter Jack Dorsey was born in St. Louis, Missouri, on November 19, 1976. Growing up in St. Louis, Dorsey became interested in computers and communications at an early age and began programming while still a student at Bishop DuBourg High School. He was fascinated by the technological challenge of coordinating taxi drivers, delivery vans and other fleets of vehicles that needed to remain in constant, real-time communication with one another. When he was 15, Dorsey wrote dispatch software that is still used by some taxicab companies today.
Creation of Twitter
After a brief stint at the Missouri University of Science and Technology, Dorsey transferred to New York University. In the tradition of computer science entrepreneurs such as Bill Gates, Steve Jobs and Mark Zuckerberg, he dropped out of college before receiving his degree. Instead, Dorsey moved to Oakland, California, and in 2000 started a company offering his dispatch software through the Web. Shortly after starting his company, Dorsey came up with the idea for a site that would combine the broad reach of dispatch software with the ease of instant messaging.
Dorsey approached a now-defunct Silicon Valley company called Odeo to pitch the concept. “He came to us with this idea: ‘What if you could share your status with all your friends really easily, so they know what you’re doing?'” said Biz Stone, a former Odeo executive. Dorsey, Stone and Odeo co-founder Evan Williams started a new company, called Obvious, which later evolved into Twitter. Within two weeks, Dorsey had built a simple site where users could instantly post short messages of 140 characters or less, known in Twitter parlance as “tweets.”
On March 21, 2006, Jack Dorsey posted the world’s first tweet: “just setting up my twttr.” Dorsey was named the company’s chief executive officer. He removed his nose ring in an attempt to look the part of a mature Silicon Valley executive, though he kept his boyish, mop-like haircut and abstract, forearm-length tattoo whose shape represented, among other things, the human clavicle bone. Co-founder Evan Williams replaced Dorsey as Twitter’s CEO in October 2008, with Dorsey staying on as company chairman.
Twitter was initially derided by some as a tool for the shallow and self-centered to broadcast the minutiae of their lives to the universe. Late-night comedy host Conan O’Brien even featured a segment called “Twitter Tracker” that mocked users of the service. In its early days, the site also suffered from frequent service outages. But as celebrities and CEOs alike began tweeting, Twitter was no longer the brunt of so many jokes. Suddenly the head of the “microblogging” movement, Twitter became a powerful platform for U.S. Presidential candidates Barack Obama and John McCain in 2008, as a method for updating their supporters while on the campaign trail.
Twitter vaulted to international prominence after the June 2009 presidential elections in Iran, when thousands of opposition supporters took to the streets to protest the claimed victory of incumbent Mahmoud Ahmadinejad. When the government blocked text messaging and satellite feeds of foreign news coverage, Iranian Twitter users flooded the site with live updates. A U.S. State Department official even emailed Dorsey to request that Twitter delay its scheduled maintenance so that protesters could keep tweeting. “It appears Twitter is playing an important role at a crucial time in Iran. Could you keep it going?” said a State Department spokesman, describing the call. Twitter complied.
In 2010, Twitter had more than 105 million users who together tweeted some 55 million times a day. Dorsey, however, had set his sights on other projects. He became an investor in the social networking company Foursquare and launched a new venture, Square, which allows people to receive credit card payments through a tiny device plugged in to their mobile phone or computer. Twitter may have already revolutionized the way that people communicate, but Dorsey isn’t done yet. “In terms of technology, we’re going to see a better and more immediate experience around the everyday things we do in life,” Dorsey said.
In November 2013, Dorsey saw his personal fortune grow tremendously thanks to Twitter’s initial public offering. The company’s stock had a starting share price of $26, but the price quickly rose to $45 during its first day of trading. Within hours, the value of Dorsey’s approximately 23.4 million shares made him a billionaire. He already began discussing the possibility of an IPO for his other company, Square, in 2014
Tatooed entrepreneur Jack Dorsey is running two tech heavyweights for now: Twitter and Square. At Twitter, cofounder Dorsey was appointed interim CEO in June after the departure of Dick Costolo. Dorsey is also heading payments company Square, which he cofounded in 2009; Square confidentially filed for an initial public offering in July under the Jumpstart Our Business Startups (JOBS) Act. A self-taught computer coder, Dorsey dropped out of New York University in 1999, became a certified masseur and dabbled in fashion design before gravitating fully to tech. In 2006, with Ev Williams, Biz Stone and Noah Glass, he cofounded Twitter and was the company’s chief executive until 2008, when he shifted into the chairman’s seat. Dorsey, whose father worked for a company that developed mass spectrometers and mother was a homemaker, derives the bulk of his fortune from his roughly 3.5% stake in Twitter. Square, which makes hardware and software that enable smartphones to process credit card payments, was valued at $6 billion in late 2014 following a fundraising round that included Singapore’s sovereign wealth fund and Goldman Sachs. The company is expected to go public in the fall of 2015.