Q: Is Twitter the next big Internet business?

Jack Dorsey:

I think it's huge because never before have we have such access to that immediate information. And then once we have that information, we can actually participate and interact with it. I mean, it spans and is at the intersection of every single medium, and every single media- it's a great way to point to video, to images, to text, to websites- any media that you can imagine, it can point to and carry in real time. And the only- the only other technology I know that's done that well is the web itself, so I put it on the same league as the web.

Q: What was your initial business plan?

Jack Dorsey:

I'd just want to build stuff that really simplifies our base human interaction. Twitter was around communication and visualizing what was happening in the world in real time. Square was allowing everyone to accept the form of payment that people have in their pocket today, which is a credit card.

So we've built the simplest way to accept credit cards, and it's just this little, tiny device that we give away for free, and you just download some software from the App Store, and you plug it into your mobile phone or your iPad, and suddenly you can take a credit card.

Q: Is Twitter the next big Internet business?

Jack Dorsey:

I think it's huge because never before have we have such access to that immediate information. And then once we have that information, we can actually participate and interact with it. I mean, it spans and is at the intersection of every single medium, and every single media- it's a great way to point to video, to images, to text, to websites- any media that you can imagine, it can point to and carry in real time. And the only- the only other technology I know that's done that well is the web itself, so I put it on the same league as the web.

Q: What was your initial business plan?

Jack Dorsey:

I'd just want to build stuff that really simplifies our base human interaction. Twitter was around communication and visualizing what was happening in the world in real time. Square was allowing everyone to accept the form of payment that people have in their pocket today, which is a credit card.

So we've built the simplest way to accept credit cards, and it's just this little, tiny device that we give away for free, and you just download some software from the App Store, and you plug it into your mobile phone or your iPad, and suddenly you can take a credit card.