Kara Swisher

Jack Dorsey: The man with two brains

June 1, 2011: 9:23 PM ET

The cofounder of Square is also logging a full workload at Twitter, down the street. His plans for both startups remain grand (think IPO, not buyout).

Jack Dorsey at D9

Jack Dorsey at D9. Credit: Asa Mathat | All Things Digital.

FORTUNE -- Twitter is not for sale. Jack Dorsey, the cofounder-turned-prodigal son made this clear in an interview Wednesday with All Things D columnist Kara Swisher at the D9 tech conference in Rancho Palos Verdes, Calif.

Instead, it's more likely an IPO is in the compay's future. While Dorsey won't specify when, he echoed Twitter CEO Dick Costolo's statements from earlier in the day, saying "We're focused on building a product and a business. Going public is an instrument and tool to help sustain the company. In the future, there may be an IPO, but I don't know what the timing is."

Dorsey holds not one but two of the most high-profile jobs in Silicon Valley -- at the same time. Each day, he spends 8-10 hours at Twitter where, as cofounder and chairman, he guides decisions on product development and helps think through how to build out the business. Then he walks a few blocks over to the mobile payments company Square where, as cofounder and CEO, he spends another 8-10 hours working with his team to design and build a next-generation payments system. Do the math, and you'll see that leaves only four to six hours for sleep. No problem, says Dorsey: "Most people have major positions at companies and they're also raising families. They have two-year-olds. I have it easy," he says, noting as he often does that he is single and lives just a few blocks from the office.

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