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Jim McKelvey

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Jim McKelvey
Born
James Morgan McKelvey Jr.

(1965-10-19) October 19, 1965 (age 60)
St. Louis, Missouri, US
EducationWashington University in St. Louis
OccupationBusinessman
Years active1989–present
Known forDirector of Block, Inc.

James Morgan McKelvey Jr. (born 1965 or 1966[1]) is an American billionaire businessman who co-founded Block, Inc. McKelvey was appointed as an independent director of the Federal Reserve Bank of St. Louis in January 2017.[2] As of July 2023, his net worth was estimated at US$2 billion.[3]

Early life

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James Morgan McKelvey Jr. was born and raised in St. Louis, Missouri, and is an alumnus of Ladue Horton Watkins High School.[4] He wrote and published a handbook on UCSD Pascal and Apple Pascal in 1986.[5] After graduating from Washington University in St. Louis with a bachelor's in economics and computer science, McKelvey worked as a contractor for IBM in Los Angeles and in St. Louis.[6] At the same time, he worked as a glassblowing instructor and founded Disconcepts, a CD-cabinet manufacturer.[6]

Career

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Mira Conference Inc.

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In 1989, Jim McKelvey and a team of software engineers from Washington University established Mira in St. Louis. Their inaugural product, a commercial document imaging system, was partly developed by their summer intern Jack Dorsey,[7] who would later rise to prominence as the co-founder of Twitter.[7]

Third Degree Glass Factory

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In 2000, after giving a glassblowing demonstration at WUSTL, McKelvey met Doug Auer. In 2002 they founded Third Degree Glass Factory in St. Louis, a glass art studio and gallery which also provides space for private events.[8][9]

Block, Inc. (formerly known as Square, Inc.)

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In 2009, McKelvey co-founded Square with Jack Dorsey.[10][11][1] Professor Robert Morley made valuable early contributions to the hardware used by Square in 2009.[12] In 2011, the iconic card reader design was inducted into the Museum of Modern Art.[13] McKelvey served as Square's chairman until 2010.[14] as of July 2023, McKelvey sits on the board of directors at Block, Inc.[15]

Invisibly

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In June 2016, McKelvey founded Invisibly, a company seeking to allow consumers to profit from their online data.[16][17]

The Federal Reserve

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In 2017, McKelvey was appointed as an Independent Director of the Federal Reserve Bank of St. Louis.[18] In January 2022, McKelvey was named as chair.[19]

Downtown North

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Since 2019, McKelvey and real estate partner John Berglund have worked through The StarWood Group on the development of Downtown North, a neighborhood in St. Louis.[20]

Non-profit work

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LaunchCode

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In September 2013, McKelvey co-founded LaunchCode, a non-profit organization that aims to grow new talent and create pathways to on-the-job training and employment.[21] LaunchCode partners with companies to set up paid apprenticeships in technology for talented people who lack the traditional credentials to land a quality, high-paying job.[22] In 2014, LaunchCode was named "The Best Thing to Happen to St. Louis" by the St. Louis Riverfront Times.[23] In February 2019, LaunchCode received a $300,000 grant from the Ewing Marion Kauffman Foundation to support education programming.[24]

Philanthropy

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In 2016, McKelvey donated $15 million to the Washington University School of Engineering and Applied Science to build a new computer science and engineering building named after his father.[25] In 2019, Washington University's engineering school was renamed the McKelvey School of Engineering.[26][27]

Works

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  • McKelvey, Jim (2020). The Innovation Stack: Building an Unbeatable Business One Crazy Idea at a Time. Penguin Publishing Group. ISBN 978-0-593-08674-2.[28][29]
  • McKelvey, James (2006). The Art Of Fire: Beginning Glassblowing. Third Degree Glass Factory. ISBN 0978683102.[30]

References

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  1. 1 2 Meyerowitz, Robert (March 7, 2011). "Jim McKelvey Has Altered the Way Money Changes Hands. Now What?". St. Louis Magazine. Archived from the original on August 1, 2020. Retrieved January 20, 2012.
  2. ↑ "St. Louis Fed Announces Changes to Board of Directors". stlouisfed.org. December 12, 2016. Archived from the original on August 1, 2020. Retrieved August 15, 2017.
  3. ↑ "Forbes profile: Jim McKelvey". Forbes. Archived from the original on July 17, 2020. Retrieved July 27, 2023.
  4. ↑ Dielman, Susan (June 24, 2012). ""Distinguished Ladue Alumni Chosen for 2012 Awards Presentation"". Patch.com. Archived from the original on August 1, 2020. Retrieved October 31, 2016.
  5. ↑ McKelvey, Jim (1986). The Debugger's Handbook=UCSD and Apple Pascal. Wadsworth Publishing. ISBN 978-0-534-06432-7.
  6. 1 2 Kerth, Susan (May 30, 2004). "Entrepreneur-artist Jim McKelvey bankrolls his glass studio with his business savvy". www.bizjournals.com. Archived from the original on August 12, 2020. Retrieved July 12, 2019.
  7. 1 2 "About Us". Mira Smart Conferencing. Retrieved February 7, 2024.
  8. ↑ Mannino, Fran (October 5, 2011). "Third Degree Glass Factory Celebrates 9 Years". Times Newspapers. Retrieved March 28, 2019.
  9. ↑ Cudnik, Christian (December 20, 2008). "Glass blowing goes public at Third Degree". news.stlpublicradio.org. Archived from the original on March 28, 2019. Retrieved March 28, 2019.
  10. ↑ Woytus, Amanda (October 18, 2018). "Square's Jack Dorsey and Jim McKelvey announce new credit card technology, plan to hire for 300 jobs in St. Louis". St. Louis Magazine. Archived from the original on August 1, 2020. Retrieved April 12, 2019.
  11. ↑ Calhoun, Lisa (June 8, 2016). ""Why Square's Co-Founder Says Be Wary of Advice From Successful People"". inc.com. Archived from the original on March 7, 2020. Retrieved November 2, 2016.
  12. ↑ "Robert E. Morley, Jr". engineering.wustl.edu. Retrieved July 19, 2023.
  13. ↑ "MoMA | Talk to Me | Square". www.moma.org. Archived from the original on July 19, 2023. Retrieved July 19, 2023.
  14. ↑ Pontin, Jason. "The New Money". Technology Review. MIT. Archived from the original on September 5, 2011. Retrieved February 3, 2012.
  15. ↑ "Board of Directors". Block Inc. Archived from the original on February 22, 2022. Retrieved March 9, 2022.
  16. ↑ https://www.linkedin.com/in/mckelveyjim Archived August 14, 2015, at the Wayback Machine [self-published source]
  17. ↑ "Client Partner (Sales)". boards.greenhouse.io. Archived from the original on November 4, 2021. Retrieved November 4, 2021.
  18. ↑ Bhardwaj, Prachi. "How these 23 entrepreneurs became the lesser known co-founders of the biggest tech companies in the world". Business Insider. Archived from the original on September 25, 2019. Retrieved September 25, 2019.
  19. ↑ "Federal Reserve Board announces designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2022". Board of Governors of the Federal Reserve System. Archived from the original on July 19, 2023. Retrieved July 19, 2023.
  20. ↑ Fleming, Richard. "FinTech + GeoInt Synergies Driving Development in St. Louis Downtown".
  21. ↑ Lloyd, Tim (October 21, 2013). "Square founder hopes to turn St. Louis into the Silicon Prairie". Marketplace. Archived from the original on October 9, 2014. Retrieved October 6, 2014.
  22. ↑ "About - So What is LaunchCode?". LaunchCode. Archived from the original on October 9, 2014. Retrieved October 6, 2014.
  23. ↑ "Best Thing to Happen to St. Louis St. Louis 2014 - LaunchCode". Riverfront Times. Archived from the original on October 9, 2014. Retrieved October 6, 2014.
  24. ↑ Collins, Leslie (February 21, 2019). "Kauffman Foundation doubles down on LaunchCode's KC program". www.bizjournals.com. Archived from the original on August 7, 2020. Retrieved September 25, 2019.
  25. ↑ Ebsworth-Goold, Erika (October 28, 2016). ""New engineering building to be named for school's former dean"". The Source. Archived from the original on November 1, 2019. Retrieved October 31, 2016.
  26. ↑ "WashU announces donation from Square co-founder to grow engineering school". TechCrunch. January 31, 2019. Archived from the original on July 31, 2022. Retrieved March 14, 2019.
  27. ↑ Barker, Jacob (January 31, 2019). "Wash U renaming engineering school after Square co-founder Jim McKelvey". stltoday.com. Archived from the original on February 20, 2019. Retrieved March 14, 2019.
  28. ↑ Fenske, Sarah (March 27, 2020). "Square's Jim McKelvey Explains How To Build A Business, 'One Crazy Idea At A Time'". St. Louis Public Radio. Archived from the original on April 11, 2020. Retrieved May 2, 2020.
  29. ↑ Woytus, Amanda (March 9, 2020). "Square co-founder Jim McKelvey details how he changed the payment game and beat Amazon in a new book". St. Louis Magazine. Retrieved May 2, 2020.
  30. ↑ "Book Review - The Art of Fire - Beginning Glassblowing". Glassblowing.info. June 16, 2009. Archived from the original on July 16, 2021. Retrieved July 16, 2021.
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