Jack Dorsey was 29 and unemployed … then he built Twitter

Jack Dorsey was 29 and unemployed … then he built Twitter

October 10, 2013 – 12:14PM

Will Oremus

Jack Dorsey: Turned down for a job at a shoe store shortly before Twitter. Photo: Flickr/Jack Dorsey

The New York Times has published an excerpt from tech reporter Nick Bilton’s forthcomingbook about the early days of Twitter. Those in search of juicy anecdotes and a Zuckerbergian anti-hero figure in the Twitter origin myth will not be disappointed. I won’t keep you in suspense: it’s Jack Dorsey. In the course of Bilton’s excerpt, Dorsey goes from a shiftless New York University drop-out with a nose ring to a backstabbing climber to a disastrous manager to being forced out of Twitter and considering a job at rival Facebook to … well, just read the thing. But what stuck out to me about Dorsey, amid the parallels to Steve Jobs and Mark Zuckerberg, was that his is a more quintessential Silicon Valley rags-to-riches story than either of theirs. And it’s a quintessentially millennial story at that. Jobs was out of Reed College just a couple of years before founding Apple at age 21. Zuckerberg founded Facebook from a Harvard dorm room at age 19. Dorsey, on the other hand “was a 29-year-old New York University drop-out who sometimes wore a T-shirt with his phone number on the front and a nose ring”, writes Bilton. “After a three-month stint writing code for an Alcatraz boat-tour outfit, he was living in a tiny San Francisco apartment. He had recently been turned down for a job at Camper, the shoe store.” Then Evan Williams, the Blogger co-founder and then chief executive of Odeo, the start-up that would become Twitter, walked into the coffee shop where Dorsey was blaring punk rock on his laptop headphones. “Dorsey, who was shy after battling a speech impediment as a child, was reluctant to introduce himself personally. Instead, he opened his resume on his computer, deleted any signs of his desire to work for Camper shoes, found Williams’ email address online and sent a message to see if Odeo was hiring. Williams, whose investment in Odeo had turned him into the company’s CEO, soon called him in for an interview. He and [co-founder Noah] Glass, both college drop-outs themselves, preferred rabble-rousers to Stanford grad students and Dorsey, with his nose ring and dishevelled hair, seemed like a perfect fit.” Dorsey was hired, worked with Glass to develop Twitter, brutally betrayed Glass, and eventually remade himself as the dashing public face of the hottest social-media start-up since Facebook. He’s now Twitter’s chairman and the CEO of Square, the mobile-payments company. When he tweets that he’s in New York, Michael Bloomberg tweets “Welcome back!” Good thing he didn’t get that gig at Camper shoes.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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