Friday, December 11, 2009

Square: The Most Profitable Product to Demo Ever!

Posted By on Fri, Dec 11, 2009 at 8:35 AM

​Square and Twitter founder, and Local Boy Made Good Jack Dorsey was interviewed by Loïc Le Meur, at the LeWeb conference in Paris this week where his on-stage demo didn't go so well when Le Meur's card didn't swipe the first few times and network issues caused problems sending the transaction for processing.

Tech Crunch founder Mike Arrington asked an obvious question: just how much has Jack made from the transactions conducted just from the demos he's done for Square? The answer? About $650.00, most of which has gone to the charity Charity Water. 

Other highlights of the interview (video embeded after the jump): 
  • Dorsey revealed that the target for the Square public launch is March of next year.
  • He confirmed that the Square dongle would be free
  • One of the cities that Square is being beta tested in is St. Louis.
  • And he gave some more insights on the origins of Twitter, he actually made a prototype of it back in 2000 using a Blackberry and email, and none of his friends were impressed at all. 
Dorsey seems to be enjoying Paris here are a couple of photos from his Twitter Stream:

And here is the video of Dorsey's interview at LeWeb:

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