Most 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.
[h/t Dan Primack]
bpopper [at] observer.com | @benpopper
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