Jim McKelvey didn't start out as a mobile payments visionary, he was an entrepreneur and glass artist who needed a convenient way to take payments for his work. But the company he founded in 2008 became a major disruptive force at the point of sale—with rumors that it'll hit $1B in revenue this year—and newly launched Square Cash is taking on PayPal and banks in the P2P payments arena.
Hear what the Square Co-Founder has to say about "The Future of Mobile Payments" when he takes to the conference main stage Card Forum & Expo on April 25. Still a director at Square, McKelvey has turned much of his attention to venture investing and advising tech startups, with a particular passion for fintech and St. Louis. He professes not to be focused on whether Square will complete its rumored IPO this year, telling Bloomberg TV just after Christmas, "What Square's trying to do is solve problems for merchants. As long as we have the resources to solve real problems we'll be doing the right thing."
He goes on, thumbing his nose a little at the VC world. "What's the exit strategy? We're all going to be dead. The exit strategy is a huge distraction. And if you look at that you're asking all the wrong questions," McKelvey said.
Want a sneak peak at what McKelvey gets excited about? View the BloombergTV interview. Or, crack a smile at these nuggets of wisdom he let fly during the show.
"Don't think because you've got money to invest you know what you're doing."
"My biggest mistake has always been chasing opportunity. What I do instead these days is I look for problems."