Jack Dorsey

via unionsquareventures.com

Fred Wilson.

When we caught up with Twitter co-founder Jack Dorsey during his visit to the city last month, he told us he had been meeting with venture capitalists and others in the local tech scene to get their input on launching a startup in New York.

As we reported at the time, Mr. Dorsey is strongly considering moving his new company out here. (Judging by his Tweets over the past few days, it also looks like his personal move back to New York is complete.)

He said he was gauging whether New York was conducive to fostering startups and that he was also concerned about the challenge of scaling a new company here.

One of the people from whom he sought advice about these issues was Fred Wilson of Union Square Ventures, who recalls his chat with Mr. Dorsey in a blog post today:

Dorsey, at left.

I have an item in this week's Observer about Twitter co-founder Jack Dorsey.

It focuses on his visit to New York last week to meet with various V.C.s and tech C.E.O.s and engineers (and Mayor Bloomberg) to get a feel for whether he wants base the new company he's launching here instead of on the West Coast. He also told us that a personal relocation to the city is in the works.

A little down the line, as Mr. Dorsey irons out the plans for his new venture, he'll be contributing some blog posts to NYFi. But in the meantime, here's a transcript of some of the conversation we had last Thursday, August 13, at The Standard Hotel. In it, he shares his thoughts about the ways city governments and agencies can use Twitter most effectively.

The interview starts after the jump:

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Michael Bloomberg made a splash this week when he posted items on Twitter throughout the day on Tuesday, ostensibly himself.

Twitter is a wildly successful enterprise, but turning a profit isn’t been something the creators have figured out how to do yet. So, today, I asked Bloomberg, who founded a pretty successful media company of his own, if he had any suggestions for how Twitter can generate revenue.

After some laughter from my colleagues in the press corps, Bloomberg said, “I think that’s going to be the great challenge.”

“All of these new social networking--new ways of communicating--have yet to find a new business model that really works and they tend to be replaced by something else,” Bloomberg said.

Bloomberg said that Jack Dorsey, the co-founder of Twitter with whom he met earlier this week, has some ideas about how to generate revenue from the site. “Whether they’ll work or not, I don’t know.”

Bloomberg went on to say “We also get trapped into thinking that the world is coming to an end with old ways of communicating, and I’m still a believer in a lot of the old ways.” He also said, “Newspapers and magazines aren’t going to go away. The challenge for them is to stay relevant.”

Noted.

Video after the jump: