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James Mckelvey

Co-Founder & Director, Block

Search every verified James Mckelvey interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a February 2026 podcast appearance, Square co-founder Jim McKelvey discussed the challenges of building the company, which later became Block. He described Square as competing not only with other startups but also with "regulations, middlemen, entrenched networks, and monopolies designed to keep outsiders out." McKelvey said the hardest part of building the company was "the system around the product" rather than the product itself. McKelvey also reflected on the company's early struggles, stating that he and his co-founder changed the tone of investor meetings by openly acknowledging what they did not know and the risks involved. He described being "forced to invent something that had never been invented before," which he said led to creating what he calls an "innovation stack" — a series of inventions that were not obvious but became necessary. McKelvey added that he would not use a time machine to change the past, even to save his mother, calling it "too dangerous."

Recent appearances

Verified interview transcripts

Notable quotes

“It was illegal when we started; in the first week I found 17 rules or laws we were violating — OFAC, KYC, the card networks — and getting compliant took us a long time.”

“The motivation for the book was that Amazon copied Square when we were a startup — and when Amazon copies you as a startup, you die.”

“It's going to keep getting better and people are going to get more access, more products, and the AI is going to make it possible for you to get the advice that a rich person used to be able to only get and now everybody can get it. So, hopefully it will lead to a greater democratization of access to financial tools.”

“St. Louis was a phenomenal city a 100 years ago. It's been in decline my entire life. It gets worse every year. And there are a bunch of reasons for that, but primarily because we never learned how to integrate. St. Louis didn't deal with racism very well and we ended up going the segregation route and it was a disaster and is a disaster. We're still one of the top segregated cities.”

“If you're not playing with it, you're being left behind. Eighty percent or more of your skills — the things you've spent years learning how to do — have been rendered irrelevant.”

“The worst thing that could happen if you're a startup is Amazon decides they want your business, because Amazon is 100% successful in killing startups. Square was the only company to ever survive an attack by Amazon.”

Other executives at Block

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