At Square, we got our tech up and running in three weeks, but it took us 18 months to get licenses, banking relationships and everything else we needed to be able to move money. We had to partner up with major companies to do it.
Sentiment: NEGATIVE
I believe that every business and company takes two years to establish.
It often takes a couple of years to get a script right and then takes a couple of years to get financing together.
It took us three years to build the NeXT computer. If we'd given customers what they said they wanted, we'd have built a computer they'd have been happy with a year after we spoke to them - not something they'd want now.
When I started in the business in 1999 and 2000, we had companies that were going public in two, three or four years.
None of our family businesses were focused on technology. It was '93 when I came out of law school, and the Internet was taking hold. So I started New World Ventures.
When when my first feature opportunity came along, I wasn't prepared, but we did it in about 17 days.
You have to be very fast-thinking, creative, and mobile. It is key to making a business move.
I could imagine, some number of years from now, starting my own company. But not yet. Not for a while.
Originally, I was in both software and in online computing. The first innovation really was sort of at that time that we're marrying the telephone and the computer so that people wouldn't have to drive to the computer center. We didn't have $1,000 computers.
It took 35 years, but the time was well spent and I think I have established a good stake in the future.