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The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time
Audible Audiobook
– Unabridged
From the cofounder of Square, an inspiring and entertaining account of what it means to be a true entrepreneur and what it takes to build a resilient, world-changing company
In 2009, a St. Louis glassblowing artist and recovering computer scientist named Jim McKelvey lost a sale because he couldn't accept American Express cards. Frustrated by the high costs and difficulty of accepting credit card payments, McKelvey joined his friend Jack Dorsey (the cofounder of Twitter) to launch Square, a startup that would enable small merchants to accept credit card payments on their mobile phones. With no expertise or experience in the world of payments, they approached the problem of credit cards with a new perspective, questioning the industry's assumptions, experimenting and innovating their way through early challenges, and achieving widespread adoption from merchants small and large.
But just as Square was taking off, Amazon launched a similar product, marketed it aggressively, and undercut Square on price. For most ordinary startups, this would have spelled the end. Instead, less than a year later, Amazon was in retreat and soon discontinued its service. How did Square beat the most dangerous company on the planet? Was it just luck? These questions motivated McKelvey to study what Square had done differently from all the other companies Amazon had killed. He eventually found the key: a strategy he calls the Innovation Stack.
McKelvey's fascinating and humorous stories of Square's early days are blended with historical examples of other world-changing companies built on the Innovation Stack to reveal a pattern of ground-breaking, competition-proof entrepreneurship that is rare but repeatable.
The Innovation Stack is a thrilling business narrative that's much bigger than the story of Square. It is an irreverent first-person look inside the world of entrepreneurship, and a call to action for all of us to find the entrepreneur within ourselves and identify and fix unsolved problems - one crazy idea at a time.
- Listening Length6 hours and 23 minutes
- Audible release date10 March 2020
- LanguageEnglish
- ASINB085DKRHWP
- VersionUnabridged
- Program TypeAudiobook
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Product details
Listening Length | 6 hours and 23 minutes |
---|---|
Author | Jim McKelvey |
Narrator | Jim McKelvey |
Whispersync for Voice | Ready |
Audible.com.au Release Date | 10 March 2020 |
Publisher | Penguin Audio |
Program Type | Audiobook |
Version | Unabridged |
Language | English |
ASIN | B085DKRHWP |
Best Sellers Rank | 44,522 in Audible Books & Originals (See Top 100 in Audible Books & Originals) 37 in New Business Enterprises 105 in Forecasting & Strategic Planning 152 in Starting a Business |
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What comes in your mind when you hear the word "entrepreneur"? Or what do you think is most important to create an unicorn?
Nowadays everyone is calling themselves entrepreneur just because it sounds cool? Well, an entrepreneur is the one who is solving the real problem, an entrepreneur doesn't go with the Trend, they create the trend.
Coming back to how you can start a startup and make it successful?
We often think building a start-up means coming up with a perfect solution to a problem that can make us a millionaire, right?
But here is a twist!
Building a start-up is a series of innovations that an entrepreneur has to do at every step. In fact, the innovation of one problem creates another problem and just like that innovation stack is build
The Innovation Stack is a rare yet one of the most powerful books on Entrepreneurship that is written by the experience of @jimmckelvey1 the co-founder of Square (the other founder is Jack Dorsey, the founder of twitter)
When Jim couldn't accept the payment due to unavailability of credit cards, he came up with the idea of Square that changed the history of credit card companies.
The book starts with how Jim and Jack built Square and how well they made Amazon come down to its knees.
Yes, a giant monster, Amazon tried to copy the entire idea of Square and tried to compete then but alas! Amazon failed before a small startup.
But how?
Well, that's what the book is about!
The author has shared how you can beat Competitors by doing nothing for them but focusing on your customers and building your innovation stack.
The book is divided into three sections:
1. The first section is about how Jim started Square
2. The second section has the case studies of 3 world class companies that proves the theory of Jim correct. The case studies are so much to read that you will enjoy the ride
3. The final section is more about how you can beat your competitors and begin as an entrepreneur