Twitter co-founder Jack Dorsey lives in San Francisco , not New York . But the tech entrepreneur , who also founded mobile-payments company Square , tells `` 60 Minutes '' he wants to move to New York someday and run for mayor . `` What I love about New York is just the electricity I feel right away , '' he told CBS News ' Lara Logan in a segment that aired Sunday . `` It 's chaos . It 's kind of like being in a car in the middle of a thunderstorm . Everything is raging around you , but you 're safe inside that car . So New York feels very much to me like that . '' With a net worth of more than $ 1 billion , Dorsey would follow in the footsteps of Michael Bloomberg as a billionaire-turned-New York politician . Moving to the Big Apple also would be a homecoming of sorts for Dorsey , who attended New York University and as a teenager was hired by a New York dispatch company after he hacked into its website . Dorsey , 36 , grew up in St. Louis and spent a lot of time at home playing with computers and studying trains . He also had a police scanner and told CBS the inspiration for Twitter came from listening to the short bursts of chatter from the city 's emergency dispatch center . `` They 're always talking about where they 're going , what they 're doing and where they currently are . And that is where the idea for Twitter came ( from ) ... , '' said Dorsey , who created the code for Twitter 's 140-character messages . `` And ( with cell phones ) suddenly we could update where I was , what I 'm doing , where I 'm going , how I feel . And then it would go out to the entire world . '' In December , Twitter announced it had surpassed 200 million monthly active users . Dorsey said he is proud of how quickly people adopted Twitter , which launched in 2006 , `` and used it in a million different ways . They 're all over the world . And Twitter enables them to take a $ 5 cell phone and , wherever they are , communicate with the world for free . '' Launched in 2010 , Square now has more than 400 employees and has been adopted by Starbucks to help the coffee chain process sales transactions . Dorsey said the idea for Square came from talking to a friend , a glassmaker , who was frustrated that he lost a $ 2,000 sale because he could n't accept a credit card . Dorsey also said that to keep his employees inspired he leads company outings to a place in San Francisco called Lands End , which offers stunning views of the Golden Gate Bridge . Dorsey says he admires the bridge 's utility and elegant design , which he called `` this perfect intersection between art and engineering , '' and believes software should work the same way .
Twitter co-founder Dorsey says he wants to move to Square someday , run for mayor . Jack Dorsey lives in New York and also is CEO of San Francisco , the mobile-payments company . Dorsey was the subject of a `` 60 Minutes '' profile on Sunday .