{"id":1087,"date":"2021-06-22T23:54:00","date_gmt":"2021-06-22T15:54:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=1087"},"modified":"2025-01-10T14:43:27","modified_gmt":"2025-01-10T06:43:27","slug":"introducing-jack-dorsey","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/22\/introducing-jack-dorsey\/","title":{"rendered":"Introducting Jack Dorsey, the low-key Silicon Valley leader"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/22\/introducing-jack-dorsey\/#You_had_better_know_him\" >You had better know him<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/22\/introducing-jack-dorsey\/#His_quick_bio\" >His quick bio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/22\/introducing-jack-dorsey\/#Jacks_special_traits\" >Jack&#8217;s special traits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/22\/introducing-jack-dorsey\/#Related_articles\" >Related articles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/22\/introducing-jack-dorsey\/#Related_biography_books\" >Related biography books<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"You_had_better_know_him\"><\/span><strong>You had better know him<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you don\u2019t know who he is, I suggest you read down quickly to get to know this person. He is one of the most underrated and influential entrepreneurs in Silicon Valley.<\/p>\n\n\n\n<p>About Jack. Dorsey and Bitcoin, I suggest you refer to my other blog post &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/06\/jack-dorsey-bitcoin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Jack Dorsey, a fanatical supporter of Bitcoin<\/a>&#8220;.<\/p>\n\n\n\n<p>Figure 1: Jack. Dorsey attending the U.S. Congressional hearing in 2018 (photo taken from Wiki)<\/p>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"His_quick_bio\"><\/span><strong>His quick bio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Jack Dorsey started programming when he was 14 years old; after dropping out of New York University, he ran to start a business.<\/li>\n\n\n\n<li>In 2006, depicting the most primitive prototype that appeared on Twitter (ticker: TWTR), and with other people founded and officially launched Twitter, Jack Dorsey is the main programmer. The competitiveness of Twitter is that it is a social network outside the powerful influence of Facebook (ticker: META), and it has developed another unique and irreplaceable social network. There are only  Weibo (ticker: WB) has a similar status. He was deprived of the position of chief executive in 2010, and was forced to leave the company he founded shortly after. In 2015, under the extreme crisis of the company&#8217;s chaos and no leader, he was unanimously elected back to the company&#8217;s CEO.<\/li>\n\n\n\n<li>In 2010, Jack Dorsey founded Block (ticker:XYZ) to provide small hardware devices that iPhone users can swipe their cards anytime and anywhere (see Figure 2 below), defeating Amazon&#8217;s (ticker: AMZN) ambitions in this field, all the way it has developed into one of the most influential financial innovations today and PayPal (ticker: PYPL).<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"750\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2021\/09\/1-6.jpg\" alt=\"\" class=\"wp-image-1093\" srcset=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2021\/09\/1-6.jpg 750w, https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2021\/09\/1-6-300x300.jpg 300w, https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2021\/09\/1-6-150x150.jpg 150w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 61vw, (max-width: 1362px) 45vw, 600px\" \/><\/figure>\n\n\n\n<p>Figure 2: Block\u2019s iPhone credit card dongle<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In 2020, he took the lead in donating US$ 1 billion in property to prevent the COVID-19 pandemic from all walks of life in Silicon Valley, accounting for 28% of his personal assets. It is the highest donation amount among the rich in Silicon Valley.<\/li>\n\n\n\n<li>Meditation, exercise, fasting, eating only one meal a day, learning to sew, and walking 8 kilometers to work every day regardless of rain or shine.<\/li>\n\n\n\n<li>Extremely fanatical supporter of Bitcoin. <\/li>\n\n\n\n<li>The first tweet from 15 years ago was auctioned off in the form of NFT and donated to the African Charity Foundation.<\/li>\n\n\n\n<li>Breaking through everyone&#8217;s glasses, it acquired Tidal music streaming company founded by Jay-Z, planning to integrate it with the Block&#8217;s ecosystem and become a financial tool for music creators.<\/li>\n\n\n\n<li>He does not have a fixed office or seat in the company. Usually only use smartphones to work; he is an extremely laissez-faire and fully authorized chief executive of his subordinates.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Jacks_special_traits\"><\/span><strong>Jack&#8217;s special traits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Jack Dorsey has the following distinct personal characteristics that have contributed to his success and achievement:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Think long-term than the average person: Twitter, mobile payment, and more convenient bitcoin transactions are three ready-made examples.<\/li>\n\n\n\n<li>Good at using network effects to promote his ideas: The rise of Block is spontaneously spread by word of mouth by users (at the time, Facebook and Twitter were not as influential as they are today).<\/li>\n\n\n\n<li>He don&#8217;t care about the opinions of most people, and dare to be different: It seems that he is correct in many places. He said long ago that Block (not the Twitter he co-founded!) will eventually change the way people communicate. In addition, he also stated that Bitcoin will become the native transaction currency of the Internet.<\/li>\n\n\n\n<li>Persistent personality, can stand the test: to be a trusted leader, this is very different from most celebrities.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"198\" height=\"132\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2022\/09\/jack-wiki-1600x1200-1.jpg\" alt=\"Jack Dorsey\" class=\"wp-image-14131\"\/><figcaption class=\"wp-element-caption\">credit: wiki<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/12\/01\/what-is-metaverse\/\" target=\"_blank\" rel=\"noreferrer noopener\">What is the metaverse? any related companies? Are there any related companies?<\/a> &#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/03\/02\/bitcoin-etf-spot\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin ETF spot trading approval has far-reaching impact<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/12\/28\/coinbase-and-binance\/\" target=\"_blank\" rel=\"noreferrer noopener\">How do Coinbase and Binance make money? Advantages comparison<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/10\/what-is-a-nft\/\" target=\"_blank\" rel=\"noreferrer noopener\">What is a non-fungible token (NFT)? Any related stocks?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/06\/20\/what-is-web5\/\" target=\"_blank\" rel=\"noreferrer noopener\">What is Web 5?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/02\/20\/what-is-web3\/\">What is Web3? What are the related companies?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/22\/introducing-jack-dorsey\/\">Introducting Jack Dorsey, the low-key Silicon Valley leader<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/06\/jack-dorsey-bitcoin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Incredible Bitcoin fanatical supporter, Jack Dorsey<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/12\/you-should-know-the-company-square\/\">You should know the company Square (rebraned to Block)<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/08\/16\/why-acquired-afterpay\/\" target=\"_blank\" rel=\"noreferrer noopener\">Is Afterpay Worth Block (Square) $29 Billion M&amp;A?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/16\/the-most-popular-news-credit-method-bnpl\/\">The most popular news credit method BNPL<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"has-medium-font-size wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_biography_books\"><\/span><strong>Related biography books<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There is no Jack Dorsey&#8217;s  biography in the market. Readers who are interested in him, can learn about Dorsey&#8217;s biography through the following two books:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.amazon.com\/Things-Little-Bird-Told-Co-Founder\/dp\/1455528722\" target=\"_blank\" rel=\"noreferrer noopener\">Things a Little Bird Told Me<\/a>&#8221; by Twitter co-founder Biz Stone<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.amazon.com\/Innovation-Stack-Building-Unbeatable-Business\/dp\/0593086732\" target=\"_blank\" rel=\"noreferrer noopener\">The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time<\/a>&#8221; by Block co-founder Jim McKelvey<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Introducting Jack Dorsey, the low-key Silicon Valley leader. If you don\u2019t know who he is, I suggest you read down quickly to get to know this person. He is one of the most underrated and influential entrepreneurs in Silicon Valley.<\/p>\n","protected":false},"author":1,"featured_media":14131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[91,221,65,222,29,106,86,68,674,71,113,117,83,28],"tags":[227,267,562,4,265,342,1419],"class_list":["post-1087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneur","category-board-of-directors","category-business-books","category-ceo","category-china-stock-market","category-consumer-banking","category-digital-asset","category-insight-second-level-thinking","category-nft","category-out-of-the-ordinary","category-payment","category-social-network","category-startup","category-us-stock-market","tag-amzn","tag-jack-dorsey","tag-mvrs","tag-pypl","tag-twtr","tag-wb","tag-xyz"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/1087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=1087"}],"version-history":[{"count":35,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/1087\/revisions"}],"predecessor-version":[{"id":33189,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/1087\/revisions\/33189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/14131"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=1087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=1087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=1087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}