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Square to Investors: $1 Billion Valuation? Make It $2 Billion.

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Re: Square to Investors: $1 Billion Valuation? Make It $2 Billion.

#3
post #2

It's strange to me that you're not a "big deal" anymore unless you have a valuation in the Billions of dollars. Not saying square isn't valuable (they're my favorite new company, and the one that I think will go the farthest), just making an observation.

Yeah, I find that strange too. I think some startups are getting bloated valuations which could cause people to think that a billion dollars is not a "big deal".

Re: Square to Investors: $1 Billion Valuation? Make It $2 Billion.

#4
post #2

It's strange to me that you're not a "big deal" anymore unless you have a valuation in the Billions of dollars. Not saying square isn't valuable (they're my favorite new company, and the one that I think will go the farthest), just making an observation.

Perceptions (and valuations) have shifted a lot in recent years, and, as the article points out, the "Billion dollar club" is getting crowded.

YouTube was bought for $1.6B after all. That was a huge deal then. When Zuckerberg refused the $1B offer from Yahoo!, that was also a pretty big deal. Now we see a few young companies at these valuations, so, the perception is different.

Re: Square to Investors: $1 Billion Valuation? Make It $2 Billion.

#5
The sad reality is that if it wasn't Dorsey behind this it would have to prove itself like any other business.

My guess is that you haven't solved payment if you have to get additional hardware. and even if that get solved what is to hinder Apple and Google from offering it natively which it should be.

Re: Square to Investors: $1 Billion Valuation? Make It $2 Billion.

#7
post #6

about that bubble ...

Normally I'd agree. Spotify for $1B? Jesus.

But, assuming you believe Square can pull off what they're trying to pull off... a billion-dollar valuation is not hard to justify. I mean, these guys could be bigger than PayPal, all things executed correctly that is.

Re: Square to Investors: $1 Billion Valuation? Make It $2 Billion.

#8
post #5

The sad reality is that if it wasn't Dorsey behind this it would have to prove itself like any other business. My guess is that you haven't solved payment if you have to get additional hardware. and even if that get solved what is to hinder Apple and Google from offering it natively which it should be.

[deleted]

Re: Square to Investors: $1 Billion Valuation? Make It $2 Billion.

#9
post #6

about that bubble ...

Normally I'd agree. Spotify for $1B? Jesus. But, assuming you believe Square can pull off what they're trying to pull off... a billion-dollar valuation is not hard to justify. I mean, these guys could be bigger than PayPal, all things executed correctly that is.

They're paypal for meatspace, which is a bigger market than paypal for cyberspace.

They're literally almost the exact same thing. Instead of dealing with merchant accounts, and credit card numbers yourself, you offload it to a third party.

In cyberspace this was paypal, in meatspace it will be square.

Re: Square to Investors: $1 Billion Valuation? Make It $2 Billion.

#10
post #5

The sad reality is that if it wasn't Dorsey behind this it would have to prove itself like any other business. My guess is that you haven't solved payment if you have to get additional hardware. and even if that get solved what is to hinder Apple and Google from offering it natively which it should be.

Did you see Card Case? No hardware, apart from your mobile phone required: http://squareup.com/cardcase
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