Jack Dorsey Makes Money Just Pitching His Ideas

square card reader 0 Jack Dorsey Makes Money Just Pitching His IdeasMost startups would be more than happy to shell out a few bucks if it meant getting a meeting with top tier VCs. 

But not Jack Dorsey. When he was going around the country pitching his mobile payment platform, Square, the VCs were paying him. He explained during a recent talk at Stanford,

In a month we built a very early prototype of what is now known as Square, which is a credit card reader that plugs into the audio jack of your iPhone or your Android or you iPad… I could actually swipe a card and generate an electronic receipt via email and then send it out to a person. And I loved this because I would go around to all these angel investors and VCs and charge them $5 or $50 to show them my new idea. I made $600 from that by the way. It was awesome.

Peep the whole talk here.

[h/t Dan Primack]

bpopper [at] observer.com | @benpopper