Joe Beninato of Tello- TWiST #298

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Joe Beninato of Tello sits down with JCal today on this episode of TWiST. Beninato tells Jason how iOS6 changed the face of his company. The two talk about everything from speakeasies to Kleiner Perkins, to the role of government (or lack thereof).

0:00 Welcome Joe Beninato from Tello
2:20 Tello has raised money from TrueVentures
2:45 Thanks to Hiscox Small Biz hiscoxusa.com/smallbiz Customized and Tailored to your company's profile @hiscoxsmallbiz
5:20 You ever been sued Joe?
6:15 How is Sacca as an investor?
6:25 Why is that an important trait?
8:00 Why did you choose it have such a large number of angels?
9:00 Can you explain what you're doing at Tello?
9:35 Do you think some businesses are afraid of the feedback you provide them with?
10:30 For your 7th time around was $5M not enough for you to keep going?
11:00 Describe Passbook in iOS 6.
11:30 Is this Apple payments in disguise?
12:00 You're confident there will be a full PayPal competitor?
13:00 How much commerce do you think will go through Passbook?
13:30 Do you think Passbook will become cross platform?
14:15 Do you think Steve Jobs was right being a hardass the way he was?
17:00 Tell me about Tello.
19:30 passtools.com Test Run
21:15 How does stored value work?
23:00 So it's about 10 cents per pass?
24:30 Thanks to SquareSpace squarespace.com/twist and enter the code twist10 to save 10%
27:00 So you just got this idea during Apple's iOS 6 keynote?
30:15 How much runway was left when you launched passbook and how would you compare it to the previous vision?
31:00 Why is it important to have a close relationship with Apple?
33:15 What do you think about Apple Maps?
38:00 How would you solve the nation's obesity crisis?
40:00 Bloomberg's Ban on NYC Large Sodas
42:00 How do you manage burnout, stress, anxiety when you're on a  long rush for a project?
42:45 How does the rest of the team manage? How do you get people to work 80 hours a week?
44:00 Why is it lonely being a CEO?
45:30 How do you release without showing your pressure?
47:15 So you'd be lying if you said you always had it under complete control?
48:30 What was your job at your grandfather's restaurant?
51:20 What was the craziest story from the day at the restaurant?
55:00 Presto you sold to HP?
55:15 What happened with Kleiner Perkins?
58:40 How many votes did you have on the board?
62:20 How did that experience influence Tello company structure?
65:10 Do you have an unreasonable high standard sometime?
65:40 Do you have hacks when hiring new people to check their work personal standards?
67:30 No better guy to work for than Joe Beninato and thanks to SquareSpace and Hiscox Small Business Insurance

FOLLOW ON TWITTER

Jason: @jason
Chris: @sacca
SquareSpace: @squarespace
Hiscox: @hiscoxsmallbiz

Special thanks to the members of the TWiST Backchannel Program!

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