Jack Dorsey was born on November 19, 1976 in St. Louis, MO. åÊHe went to high school at Bishop DuBourg where he began computer programming. åÊDorsey attended Missouri University of Science and Technology briefly before transferring to New York University. åÊSometime during all the computer training, Dorsey became certified as a massage therapist interestingly enough. åÊIn any case, while at NYU Dorsey must have gotten the script from the likes of Bill Gates, Steve Jobs, and Mark Zuckerberg because he dropped out of college and moved to California to make his mark.
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The story famously goes that Dorsey was fascinated by emergency medical services and taxi cab dispatch communication. åÊIn fact, to this day Dorsey designed open source software is still used by many taxi companies. åÊDorsey seems to have an eccentric background. åÊHe previously sported a nose ring, was into the punk scene, and took fashion design classes. åÊWhen he started Twitter he nixed the nose ring and was given an ultimatum regarding weekday fashion classes. Evan Williams, one of the co-founder’s of twitter reportedly told Dorsey, “You can either be a dressmaker or the C.E.O. of Twitter but not both.”
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Originally Dorsey approached ODEO executives Noah Glass, Evan Williams, Biz Stone about his idea of easily creating short status updates. åÊ The group started a new company that would later become Twitter. åÊWithin a couple of weeks Dorsey had coded the basic framework where users could post simple short messages of 140 characters or less. åÊIn 2006, Dorsey sent out the first tweet, “just setting up my twttr.”The early days of Twitter have been written about with some controversy. åÊEvan Williams took over as CEO of the company in 2008 and Dorsey was given a role as chairman. åÊTwitter’s importance came into sharp focus when a State Department official reached out to the micro-blogging company during the 2009 Iranian election requesting the site delay schedule maintenance to allow protesters to continue giving updates since the Iranian government had blocked news coverage.In 2011 Dorsey returned to Twitter as the Executive Chairman. åÊHowever in the meantime Dorsey developed Square that allowed users to to take credit card payments with a simple device that plugged into a headphone jack.In November of åÊ2013 Twitter had an IPO that ended up making Dorsey an overnight billionaire. åÊDorsey owned 5% of Twitter’s outstanding shares or 23.4 million shares. åÊThe stock price rose to about $45 per share making Dorsey’s approximate net worth $2.2 billion. åÊDorsey also owns 29% of Square that has revenue of $220 million and was recently valued at $3.25 billion. åÊDorsey would have had even more equity in the company but he released 10% of his shares to increase the equity available for employee compensation.Dorsey has not been too ostentatious with his spending. åÊHe splits his time 7:1 between San Francisco and New York City – a place he has publicly said he would like to be mayor of some day. åÊHe did recently purchase a cliffside abode in the Bay Area for a reported $10 million. åÊThe mansion is a modern James Bondesque 50s-style lodge with a retractable glass roof.Dorsey has been named Innovator of the Year by the Wall Street Journal and comes in on the Forbes List as the 929th richest person in the world.