Square Raising New Round, Joining Billion Dollar Valuation Club

http://techcrunch.com/2011/06/07/square-raising-new-round-joining-billion-dollar-valuation-club/

by rjvir • 15 years ago

33 7 15 years ago

thinkcomp2• 15 years ago

Sorry, but Square Register really cannot replace 99.999% of cash registers out there. The article is inaccurate in claiming that it can.

meterplech• 15 years ago

Why not? Could you provide some explanation to your claim?

thinkcomp2• 15 years ago

http://www.quora.com/Aaron-Greenspan/Of-Round-Pegs-and-Squar...

Disclaimer: I'm biased, as I am behind FaceCash Register (https://www.facecash.com/register.html), but it means I also know what it took to build it.

rdl• 15 years ago

I agree that the square dongle probably won't take over the world, and square register can't take over the world's PoS market, as it is now.

I'd happily bet that the Square team, and the evolution of the Square payment products, will.

I think of the square reader as the mailed dvd is to netflix. I suspect Square feels the same way. Their customers love them, they are disrupting a very non-innovative industry, and they've gotten customers fast enough, and sustained growth long enough, to have hit escape velocity.

(I don't work for Square, unfortunately; I did work for some NFC payment stuff in the past, and tried to launch an ecash system in the 1990s.)

dreamdu5t• 15 years ago

Whatever you think about Square: They are a profitable business, which seems to be rare in the world of web companies going for their IPO.

I'm excited to see how PayPal responds to Square in the future.

pitdesi• 15 years ago

Where do you get the impression that they are profitable? They are not even close to profitable at $3million transaction volume per day.

They barely make much at all at the moment: http://www.quora.com/Square-company/Can-Square-make-money-wi...

Square Raising New Round, Joining Billion Dollar Valuation Club

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