jack dorsey and noah glass. thatwork for a company produced podcast in early 2005. it was in san francisco. the company was failing. noah and jack had been out drinking. jack had this idea that you could build something that would what you to tell people you were doing in real time. , his cofounder's company, he had the idea that they would be able to share with their friends. you could connect with your friends. he was going through a difficult private time. they thought that twitter would make you feel less alone. that was the genesis of the idea. everyone had a different concept of what it was. >> how did the name twitter come about? >> a lot of people probably do not know the counter who was pushed out early on. he was one of the most influential people. they came up with this idea, and they had a lot of other people's ideas from the podcast company. they were essentially building what would become twitter. there were different iterations of it. they could not come up with a name. there were several names thrown around. "friends "status" and stalker" and one that

the creation myth for twitter is that jack dorsey founded it alone and came up with the idea when he was a very young boy. and while jack had an incredible amount of influence in what twitter was, it was almost a dozen people who had influence in what it became. and noah was, i think, one of the biggest driving forces in the beginning days. very quickly there became a power struggle over who got to run this thing, who got to feed it, who got to decide what it looked like and what it did. there's a moment in the book where i explain where jack goes to evan williams who's financing the company and says that if noah glass stays, jack will leave. and jack was a very important programmer at the time, and so evan had no point but to fire him. >> host: what is jack dorsey today? >> guest: jack is worth more than a billion dollars today. he runs a company called square. he's still involved in twitter as a chairman. and he is, you know, he spends times with celebrities, he's featured on the cover of magazines, but he also tells a story that excludes noah glass from the founding of it and noah,

we usually think of jack dorsey 's square. what are you seeing as far as mobile payments?he next generation? >> square will certainly -- square certainly continued to make news in 2013. we are talking about an ipo. we will see their revenues, transactions of about 400 million in revenue. that is a good size company. are many companies nipping at their heels. which ones are catching your eye? >> square has probably made the biggest impact on merchants. but the battle for the consumer is still raging. no clear winners. the number of people who use square at starbucks is pretty small. and the biggest up and comer is a company called coin, which did a fundraiser campaign to launch a new product that is a device that looks like a credit card, but has electronics inside that lets you exhort -- load your existing debit and credit cards onto your their card. -- onto their card. >> basically, it makes your life simpler. >> it thins out your wallet. a couple of years ago companies like google's were saying, you can ditch your wallet. a more realistic view is a company like going or

meet jim, businessman, cofounded the mobile payment company snare with jack dorsey, and now he's alsoatch maker. >> we saw this huge need in st. louis that were over a thousand job openings, and we found at the same time new people who had programming skills wh who couldn't get these jobs. >> he started "launch code," an initiative that he funds himse himself. >> we take programmers and place them in jobs. a programmer gets meshed with a working professional in a new business and they work together as a team. >> he started "launch code" at the end of september. he invited local companies to apply and the response was overwhelming. the program identified small and large companies to participate in the initial first round. >> i had a lot of connections in the start up community and i knew they would be strong supporters. every company we talked to said yes, sir. getting a decision out of monsanto in three months is great, we got a decision in three days. >> reporter: standard means are human resource departments or traditional head hunters many business owners have specific program need

. >> the real moment it actually started was with two gentlemen, one jack dorsey and the other was noah glass they worked at a company which was a podcasting company in early 2005, 2006. it was in san francisco. and the podcasting company was failing and noah and jack had been out drinking and jack had this idea that you can build something that would allow you to kind of say what you were doing and in a pitsdzy kind of way. i'm drinking or eating or at the park. nd noah, his cofounder, he had the idea that you could be able to share with your friends and be able to connect with your friends. he was going through a very difficult time and he thought that this thing called twitter that they created would make you feel less alone. and that was the genesis of the idea. but everyone had a different concept of what it was once it started to grow. recognizes the gentlewoman from florida, ms. ros-lehtinen, cheers and applause] i told you this was a tough crowd. mr. vice president, dear friends, colleagues, welcome to health action 2014. the theme for our conference and indeed the theme for our

a guy named jack dorsey, one of the founders of twitter, he sent president rouhani a tweet saying basically mr. president, glad you're using twitter, but can the people of iran actually read your tweets? president rouhani in his style wrote back very casually, good evening, jack, in a tweet, then basically didn't answer the question. >> what's behind the government's desire to censor social media? >> reporter: some believe that the censorship of these social networking sites in particular stem from the 2009 protests which took place all over iran after president ahmadinejad's last heavily contested election. and twitter especially was used to help get the word out about rallies and marches and events. it's believed that part of the government's desire to censor the internet is so that they can stop that kind of -- what they think of as dissent from getting out there. >> you said you met a man there who was part of those protests. >> reporter: said lelaz, a prominent iranian economist and journalist. we went to talk to him principally to talk about the impact of sanctions on the economy. but

. >> i was speaking with the cofounder of square with jack dorsey and he is a glassblower.about his art has actually informed science and the way he approached a technology company. really interesting stuff. exciting eventy on tuesday, microsoft chairman bill gates will be joining "in the loop" for a special conversation with michael bloomberg and betty liu. that will be 9:30 a.m. eastern on "in the loop." ♪ >> welcome to lunch money. get the menu today. in tech, tim cook goes to china. he says great things are coming for china mobile companies. life after sports. chuck e. cheeze gets a new life, but will parents ever like him? the nba going to london, and it is getting a new commissioner.

jack dorsey recently spoke out about it saying it is really disappointing.here is a social responsibility that all companies have and we can carry that torch. on the late edition of "bloomberg west," i spoke with cory johnson, gavin newsom, the lieutenant governor who was elected mayor of san francisco back in 2003. i asked him what does it mean "carry a torch"? what is twitter's responsibility? >> twitter in particular, because i was mayor at the time we started negotiation. they got a nice tax break that encouraged them to locate in the market area of san francisco. they fulfilled their commitment and our expectations have been exceeded because of their success and the area is beginning to truly change for the better. i think the responsibility, obviously comes from tremendous success. there is no one better, by the way in this city than the marc benioff founder of salesforce.com. he gets this better than anyone. it is right to celebrate all the success of the companies and the tax benefits. >> is it fair to get all of those tax benefits? >> i think it was

. >> i was speaking with the cofounder of square with jack dorsey and he is a glassblower. he talks about his art has actually informed science and the way he approached a technology company. really interesting stuff. we have a really exciting event on tuesday, microsoft chairman bill gates will be joining "in the loop" for a special conversation with michael bloomberg and betty liu. that will be 9:30 a.m. eastern on "in the loop." >> this week on "political capital," the president unveiled government surveillance changes, but how far do they go? deputy national security advisor ben rhodes is our guest. plus will congress push for new iran sanctions, we'll ask margaret and john. and who to expect when jack dimon hit davos. i'm julianna goldman in for al this week. we begin the program with ben rhodes, thanks for joining us.

that aside, i recently spoke with jack dorsey and i spoke to him about it with respect to internationalpansion. as we discussed yesterday, companies around the world use square -- >> more than 80 companies not in the u.s. >> what he told me is that they are working on it, they are talking about it. i talked to him about valuation and this was only back in september, and back then square had a $3.25 billion valuation. i asked him about how when he is raising money he thinks about valuation. it puts quite a bit more pressure on to have a bigger exit. take a listen to what he had to say. >> just fairness. the market decides. we have conversations with investors and we talk about what we would like to see and where we are going to build and how valuable it is to us and what we think the value of the company is, and they give us feedback them and it is an honest conversation, and we want a fair deal for both sides. >> so, i guess, good for both sides. >> deciding in his favor, and that is nice. when i'm curious about is what is next for the company. they seem to be moving into more of a part

jack dorsey has spoken out on this issue, and he has said it really is disappointing, and it weighs onking about income inequality in general, and the most important thing is that there is a conversation about it, that there is a social responsibility, and we can certainly carry that torch. what responsibility does the company like twitter have? >> twitter, i was mayor at the time we started the negotiation, and they got a nice tax break to locate in the south of market underserved part of the city, and they fulfilled their commitment, and our expectations have been succeeded because of their success, and that area is beginning to change for the better. responsibility comes from tremendous success, and there is no one better in this city than the founders of salesforce.com, mark, and there are all of the tax breaks and everything. >> is it fair? >> i think it was the right thing for the city to do at the time, and i think it has paid great dividends, and there is a legacy. that said, guys like mark did not necessarily seek out -- twitter and other companies are getting it, but a lot of

. >> jack dorsey. >> i love jack. >> he was your summer intern. >> it is hard to not just want to hug he came to work with me when he was 15 years old. he is less shy now. he is a wonderful guy. he is hard-working and brilliant and i love him. >> when he was 15 years old, was there anything about him that ade you think he could be billionaire founder of multiple companies, famous? did he seem special? >> we called him jack the genius of round the office. he always did his work great. that is one of the reasons we stayed friends for 20 years, and one of the reasons we started square. >> marissa mayer. >> successful. also blonde hair. >> very blonde. >> i'm very interested in what she is doing. when you talk about people who work at yahoo! now, they are so much more excited to work there than they were before marissa mayer. i think the story has yet to be told. we just don't know yet if what she is doing is working. i think they are getting a lot of attention. she has put out some new products, but nothing revolutionary yet. i think the jury is still out. >> that was a long word associa

its backers include jack dorsey, ed williams and bono.s medium, also co-founded by biz stone, but it takes a very different approach, rejecting character limits in favor of long form writing with tools to share, curate and find content. in a sign of how it could eventually make money, in december it struck a partnership with espn to build a place for soccer fans to read and write about the sport ahead of the world cup. medium is considering raising about $20 million which shouldn't be hard considering who its founders are and that financing could fuel its growth this year. brian? >> thank you very much. >>> now, let us talk more about the deal that shocked a lot of people yesterday. google paying $3.2 billion for thermostat and smoke detector maker nest. great products but they are expensive. what exactly is google doing? joining us, john steinberg, john forte is here. in the past few months, google bought robot companies, data intelligence companies, a wind turbine company. are they going to become the ad-driven behavioral robotic thermo

one of them was jack dorsey, the other was noah glass. they were close friends who o,rked at a company called ode a podcasting company in 2005. the podcasting company was failing. they had been out drinking one noah and jack had been out drinking one night and jack had this idea that you could build something that would tell what you were doing at the moment, a very pithy thing like i'm a i'm drinking, i'm eating, or i'm at the park. and noah glass, his cofounder at this company had the idea that you could be able to share with your friends and connect with your friends. he was going through a very difficult time at the time, noah was, and he thought that this thing called twitter that they created would make you feel less alone. that was the genesis of the idea, but everybody had a different concept of what was once it started to grow. >> new york times tech reporter nick bilton looks at the origins of twitter tonight on the communicators at 8 p.m. eastern on c-span2. on c-span,rrow here live coverage of president obama's state of the un

. ♪ >> the real moment actually started with two gentlemen, one was jack dorsey and the other was a closeend. they worked at a company that was a podcasting company in early 2005. it was in san francisco. the podcasting company was failing. no and jack had been out drinking. -- noah and jack had been out drinking. of -- d an idea his cofounder of this company had the idea that you could be able to share with your friends and be able to connect with your friends. he was going through a very difficult time at the time. this thing called twitter would make you feel less alone. that was the genesis of the idea but everyone had a different concept of what it was once it started to grow. looks at then origins of twitter tonight on "the communicators," at 8 p.m. eastern on c-span 2. bama c-span launched its first schoolbus in 1983, raising awareness on how c-span covers politics and government. today, 20 years later, the c-span bus continues on the road festivals,ok education events, and schools. look for us on the road and online on our website, c-span.org. you can also follow us on twitter, al

but then you get to other levels of debate, jack dorsey at twitter. mark zuckerberg. career sort of a below the radar screen to many at google. now very much on the radar screen at yahoo! if you were only to evaluate her on her yahoo! years, i could argue i suppose and many might that it's way too early to decide whether she deserves to be in the top 25 or not. but certainly if you go back and look at her days as employee number 20 at google, instrumental in the development of their search tools, you'd have to say that maybe she deserves a very serious look. but there are lots of interesting choices here, carl. >> tyler, i was just going to jump in and say, too, what's so interesting about this is it's -- it's a snapshot in time. inevitably. you know, there are companies, people on that list today that didn't even really exist, there are services especially in the tech world that we didn't even use just, you know, four or five years ago that have become so influential as to disrupt the entire phalanx of people who were previously seen as the tech thought leaders and a

jack dorsey's company putting square into the stoergs res as .a couple of questions to him as well. that's a big commitment for a retailer, i think. >> some would argue though they're just having to swim upstream to some degree. in the end you do need people to come and buy a coffee in your store. >> how much can you amazon hot coffee, right? you can't deliver it with drones. out can't ship it overnight. but they are trying to do is stuff with ek press payments. they are trying to do stuff where you can order in advance. i think they have to think bold the way they bezos does. could it be a situation you order from the app and as you walk passed the store on your way to work they hand you the cup of coffee? could they do delivery to office buildings with charts? >> her eyes lit up on everything you said. >> i certainly wouldn't turn that down. if they wanted to deliver it to me overnight i would accept that. >> these are the decisions they have to figure out. he's very candid about it. he talked about this being the first holiday season where onl

one was jack dorsey and the other was glass and they were two very close friends and they worked at a company called audio which was a podcasting company in early 2005/2006 in san francisco. the podcasting company was failing and they had been out drinking one night. jack had this idea that they could build something that would allow you to say what you were doing at a moment in time in a picky kind of way like i'm drinking or i'm eating or i'm at the park and noah gloss is the co-founder. he had the idea that you could be able to share with your friends and be able to connect with your friends and he was going through a difficult time at the time, noah was and he felt this thing called twitter that they created would make him feel less alone. that was the genesis of the idea but everyone had a different concept of what it was once it started to grow. >> ellen hillary began their careers at the university of arkansas. hillary came a year later. hillary clinton's career began right inside this building, the leffler law school at the university of arkansas where she was a professor. she

gentlemen, one was nok dorsey, the other was glass, they were two friends and work at a company called -- a podcast company in early 2005. it was in san francisco. failing, noahs and jack had been out drinking one night. jack had this idea that you could build something that would allow you to say what you were doing at a moment in time, in a very pithy way. eating."nking," "i am his cofounder had the idea that you could be able to share with your friends and connect with your friends. he was going through a difficult thought this thing called twitter they created would make you feel less alone. that was the genesis of the idea. everyone had a different concept of what it was. nickew york times's" bilton,, tonight on the communicators on c-span2. >> a look at how the federal reserve might try to use a future financial crisis and how the agency should deal with critics. this is part of a brookings institute discussion from earlier this month, the panel runs about one hour 10 minutes. for those kind words and for making this possible. i want to thank the panelists of here and those who will speak later. they put a lot of work into writing papers for this thing and then w

jack dorsey and noah glass. thatwork for a company produced podcast in early 2005.