Your SlideShare is downloading. ×
0
Square pres 441
Square pres 441
Square pres 441
Square pres 441
Square pres 441
Square pres 441
Square pres 441
Square pres 441
Square pres 441
Square pres 441
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Square pres 441

1,417

Published on

Published in: Economy & Finance, Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,417
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
20
Comments
0
Likes
1
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Joseph Gracik EECS 441 – Fall 2013
  • 2. Products • Credit card processing* • Square Reader (device) • App on iOS & Android • 2.75% per swipe • • • • Square Wallet Square Market Square Cash Square Stand
  • 3. Financials • Angel Investors + Series A ($10 M) • Kholsa Ventures • Marissa Mayer • Kevin Rose (Digg) • Series B ($27.5 M) • Sequoia Capital • Visa • Series C ($103 M) • Series D ($200 M) • Citi Ventures • Starbucks • ~ $341 M total • Valuation • $3.25 B in 9/2012 • Est. $5.5 B in 2013
  • 4. History • Founded in 2009 • Jack Dorsey (Twitter co-founder), Jim McKelvey • Reader & app introduced in 2010 • 2011 • 1 million users • 2012 • Starbucks partnership • 2 million users • 2013 • 3 million users at start of year • Processes $1.25 billion/month
  • 5. What’s Hot? • Expansion into new regions • Canada 2012 • Japan 2013 • Targeting small businesses • Square stand • Starbucks partnership
  • 6. Secret Sauce • Low barrier to entry • Reader and app are free • Straightforward pricing • Ease of use
  • 7. Story • Issues with financial regulations • March 2013: Cease & desist from Illinois • August 2013: Fined $507,000 by Florida
  • 8. Competition • PayPal Here • PayPal integration • Accepts checks • Better support • Intuit GoPayment • More flexible pricing • Better support • Traditional processors • Best rates
  • 9. My Prediction • Success • Well-funded and well-connected • Fast growth & good performance • Not a threat to major CC processors, but targeting a different market
  • 10. Questions? • Sources: • http://www.crunchbase.com/company/square • http://www.nytimes.com/2012/07/19/technology/personaltech/as-pay-byphone-advances-square-takes-another-leap-state-of-the-art.html?_r=1& • http://techcrunch.com/2012/06/14/square-doubles-users-accepting-creditcards-to-2-million-in-six-months/ • http://news.cnet.com/8301-1023_3-57559148-93/square-coo-predictsmonster-2013-says-starbucks-is-just-the-beginning/ • http://www.fastcompany.com/3017331/most-innovative-companies2012/05square • http://techcrunch.com/2013/03/01/square-slapped-with-cease-and-desistby-illinois-state-department-of-financial-regulation/ • http://techcrunch.com/2013/08/16/square-fined-507k-in-florida-foroperating-a-mobile-payment-service-without-a-money-transmitter-license/ • https://squareup.com/ • http://en.wikipedia.org/wiki/Square,_Inc. • http://www.pcworld.com/article/239250/square_vs_intuit_gopayment_mob ile_credit_card_systems_compared.html?page=2 • http://www.cardfellow.com/blog/paypal-here-vs-square/

×