In this discussion, tech visionary Jack Dorsey delves into the evolution of Twitter and its impact on real-time communication. He shares his insights on the importance of open protocols for social media's future and critiques traditional monetization strategies. Dorsey emphasizes user empowerment through algorithm control, while also exploring Block's mission to democratize financial tools. Additionally, he discusses the transformative potential of Bitcoin as a native currency and reflects on his entrepreneurial journey, highlighting the essential traits for success.
Jack Dorsey highlights Twitter's transformative role in connecting citizens to governmental processes through real-time information sharing.
Dorsey emphasizes the importance of continuous learning and resilience in entrepreneurship, driving tech innovators to adapt their ideas effectively.
Deep dives
The Genesis of Twitter
The inspiration for Twitter emerged from a childhood fascination with how cities function and a desire to visualize people's actions within them. The journey began with programming and dispatching, which revealed the potential for information sharing about urban life. A pivotal moment occurred during Barack Obama's State of the Union address, where the immediacy of receiving a tweet from a senator while watching a national event highlighted Twitter's ability to connect individuals to broader political processes. This experience underscored how Twitter transformed abstract governmental functions into a tangible reality experienced directly through devices.
Entrepreneurship and Learning
Jack Dorsey emphasizes that the essence of entrepreneurship lies in the act of building and the willingness to adapt and learn beyond one's initial desires. His journey reflects a necessity to develop various skills, such as programming and business management, to sustain the creations he valued. He points out that many entrepreneurs do not enter the field with the aim of becoming CEOs but are driven by their desire to share and refine their ideas. This flexibility and commitment highlight the importance of continuous learning and resilience in the entrepreneurial landscape.
We've curated a special 10-minute version of the podcast for those in a hurry.
Here you can listen to the full episode: https://podcasts.apple.com/no/podcast/block-ceo-twitter-evolution-bitcoin-and-digital-freedom/id1614211565?i=1000691288472&l=nb
In this episode of In Good Company, Nicolai Tangen sits down with tech pioneer Jack Dorsey to explore the evolution of social media and the future of digital finance. The co-founder of Twitter (now X) and Block shares his insights into how Twitter emerged, why he believes open protocols are crucial for social media's future, and his vision for Bitcoin as the Internet's native currency. Dorsey discusses his entrepreneurial philosophy and the importance of algorithmic choice in technology. What would social media look like if Bitcoin had existed when Twitter started? Tune in for a fascinating discussion where technology, money, and personal development come together.
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don't miss our Highlight episodes every Friday.
The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen, Sebastian Langvik-Hansen and Pål Huuse. Background research was conducted by Sara Arnesen.