The document outlines Square's business proposition of providing a simple and low-cost way for merchants to accept credit card payments using a mobile device. Key points include:
- Square charges merchants a flat 2.75% fee per transaction with no setup costs or monthly fees.
- It has a large addressable market as traditional card readers are expensive and mobile payments are growing rapidly.
- The free Square reader simply plugs into the headphone jack of smartphones and tablets to allow on-the-go credit card acceptance.
- With a strong management team led by Twitter co-founder Jack Dorsey and proven technology, Square is well positioned for significant growth and returns for investors.
Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
Here is what Square uses for their Pitch Deck, it has several good pointers on what should go in a startup pitch deck: Sourced from http://www.noise.re/duction/squares-pitch-deck/
Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
Here is what Square uses for their Pitch Deck, it has several good pointers on what should go in a startup pitch deck: Sourced from http://www.noise.re/duction/squares-pitch-deck/
Monzo: £19.3M VC investment turned into $2B. Monzo's Series C pitch deckAA BB
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
—
Note, this is likely either the Series C or the Series D funding round, given the content of the deck.
In February 2017, Monzo raised £19.5M from Thrive Capital (likely this round).
In November 2017, they raised £71M from Goodwater capital.
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
Bolt pitch deck: $393M Series D, $6B+ valuationPitch Decks
One-click checkout Bolt used this 12-page deck to describe raise $393M in Series D funding for expanding its network of 5.6 million consumers.
Bolt is an innovative payment processing company that offers an integrated checkout experience that enables retailers to convert and retain more consumers. This round of $333 million in Series D funding and $60 million in follow-on capital will “fuel commerce’s first federated checkout network”, and brings Bolt’s total funding to over $600 million.
Most impressively, the round comes at ~18× the valuation that Bolt was priced at just eighteen months prior, using the simple 12-slide deck below:
See more at https://vip.graphics/bolt-pitch-deck-series-d/
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
If you’re an investor who’d like to find out more about Hive, get in touch with the founder directly via john.ryder@hive.hr, or alternatively drop me an email at alex@mountsideventures.com
Life’s too short for bad ☕ coffee. That’s why Crema.co helps you discover and subscribe to top coffees from craft roasters. By recommending coffees personalized to your taste profile, telling the farmer’s story behind each coffee, and curating the best small-batch roasters, Crema.co is building the next iconic coffee brand.
* Growing 28% month-over-month
* Currently offering 50+ coffees from 15 roasters
* Serving the fastest-growing component of the $50bn US coffee market
Coinbase pitch deck designed by Zlides
Want to create a pitch deck that inspires your audience? Get your FREE presentation kit designed by Zlides: http://bit.ly/slideshare_zlides
DingoDot - Virtual CFO for SMBs
Public Excerpt of Pitch Deck for Investors
#fintech #b2b #saas #plg #crypto #openbanking #businesscloud
www.dingodot.com
April 2022
Monzo: £19.3M VC investment turned into $2B. Monzo's Series C pitch deckAA BB
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
—
Note, this is likely either the Series C or the Series D funding round, given the content of the deck.
In February 2017, Monzo raised £19.5M from Thrive Capital (likely this round).
In November 2017, they raised £71M from Goodwater capital.
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
Bolt pitch deck: $393M Series D, $6B+ valuationPitch Decks
One-click checkout Bolt used this 12-page deck to describe raise $393M in Series D funding for expanding its network of 5.6 million consumers.
Bolt is an innovative payment processing company that offers an integrated checkout experience that enables retailers to convert and retain more consumers. This round of $333 million in Series D funding and $60 million in follow-on capital will “fuel commerce’s first federated checkout network”, and brings Bolt’s total funding to over $600 million.
Most impressively, the round comes at ~18× the valuation that Bolt was priced at just eighteen months prior, using the simple 12-slide deck below:
See more at https://vip.graphics/bolt-pitch-deck-series-d/
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
🔮 Want more VC/investment startup pitch decks? We’ve centralised ALL succesful investor pitch decks at: https://chagency.co.uk/getstartupfunding — check all of them out
🔮 The effort is adhering to the ideology of “The Future Of Freemium” — read more here: https://chagency.co.uk/blog/ceo/the-future-of-freemium-how-to-get-peoples-attention/
🔮 Our library of pitch decks will not have any advertisement, only a signature. We are a design agency that helps SaaS CEOs reduce user churn.
If you’re an investor who’d like to find out more about Hive, get in touch with the founder directly via john.ryder@hive.hr, or alternatively drop me an email at alex@mountsideventures.com
Life’s too short for bad ☕ coffee. That’s why Crema.co helps you discover and subscribe to top coffees from craft roasters. By recommending coffees personalized to your taste profile, telling the farmer’s story behind each coffee, and curating the best small-batch roasters, Crema.co is building the next iconic coffee brand.
* Growing 28% month-over-month
* Currently offering 50+ coffees from 15 roasters
* Serving the fastest-growing component of the $50bn US coffee market
Coinbase pitch deck designed by Zlides
Want to create a pitch deck that inspires your audience? Get your FREE presentation kit designed by Zlides: http://bit.ly/slideshare_zlides
DingoDot - Virtual CFO for SMBs
Public Excerpt of Pitch Deck for Investors
#fintech #b2b #saas #plg #crypto #openbanking #businesscloud
www.dingodot.com
April 2022
Journey to the Perfect Application: Run a Business, not a BacklogAggregage
Numerical literacy is a key skill for effective product managers. The ability to express concepts in numerical, financial, or statistical terms is a critical but often overlooked discipline. Product managers need to be as competent in these domains as they are in customer problems and pain points.
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How to Build a Diversified Investment Portfolio.pdfTrims Creators
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When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
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- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
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- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
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1. The Simplest Way to Make Money
Elizabeth Cheng | Jing-Jing Li | Irwin Liu | Jessica Lukrich
2. The Square Proposition
Inspiring and
Huge market
Simple pricing:
2 75% per swipe
Inspiring and
experienced
management
team
Huge market
opportunity
in mobile
payments
2.75% per swipe
Zero friction: no
S lid
High future
Zero friction: no
commitment and
daily deposit
Solid
business
model with
high revenue
generation
High future
valuation
and ROI
even with
later stage
Free iPhone, iPad,
Android app and
card reader
g
Defensible
business and
strong
investment
ca d eade
The simplest way
1
strong
execution
strategy
The simplest way
to make money
3. Management Team
The team has the background, proven track record and vision to succeed
Jack Dorsey – Co-Founder, CEO Successfully Managing
Co-Founder, Chairman of Twitter
Advisor at Ustream
Keith Rabois – COO
VP f St t & B i
Successfully Managing
VP of Strategy & Business
Development for Slide
VP of Business & Corporate
Development at LinkedIn
EVP f B i D l t d
EVP of Business Development and
Policy for PayPal
Bob Lee – CTO
Founder at Twubble
Jim McKelvey – Co-Founder
Owner at Mira
Other Key Advisors
Gideon Yu
Roelof Botha
Ryan Gilbert
Founder at Twubble
Software Engineer at Google
Owner at Mira
Co-founder at Third Degree Glass
Factory
2
Alyssa Milano
Greg Kidd
Andrew Rasiej
4. The Market
Mobile payments is a massive, rapidly growing but underpenetrated industry
$214
$250
$81
$119
$162
$214
$100
$150
$200
CAGR ‘10 – ’14: 68%
$16
$46
$0
$50
$
2010 2011 2012 2013 2014 2015
Dollar Amount of Mobile Payments In The U.S. (billions)*
Opportunity Market Changes Square Positioning
Traditional card readers
are unwieldy & expensive
Difficult for small business
owners to use card services
Rapidly burgeoning interest
in mobile payments
NFC tech adoption but
credit card usage prevails
Square Positioning
First mover advantage
Scalable across
multiple platforms
Low costs address
3
Alternative online services
are expensive
Capturing a loyal user base
has huge revenue potential
Low costs address
target customer needs
*Source: Aite Group
5. The Product
Square satisfies buyers and vendors through an easy‐to‐adopt platform
Consumer Desires
Consumer Desires
Use credit cards
Swipe and go
Vendor Desires
Designate amount
Swipe credit card
e do es es
Accept credit cards
Save on processing fees
Simple and intuitive
interface
Enter tip and sign
with finger on-screen
Transaction
completed
Transaction Magnetic reader that plugs into headphone jack of smartphone
Data Conversion Once card is swiped, data is converted into an audio signal
The Technology
Information Processing Processors route signal to Square software application
Transmission Encrypted data sent through Wi-Fi or 3G to back-end servers
Communication No info stored on devices, auto-communication with payment network 4
6. Value to User
Square offers the simplest and most compelling way to accept credit cards
Traditional Card
Processing Firms
Online Card
Processing
Ease
of
Use
Scan and go;
Intuitive interface
Requires some training;
Problems require technician
Tied to computer;
Manual input
of card information
E
Costs
Free card reader;
Flat 2 75% fee
Expensive reader;
Up to 5% variable + 30¢ flat rate;
Expensive update and
Up to 3.5% variable rate
+ 30¢ flat rate
C
Flat 2.75% fee pe s e upda e a d
maintenance fees
30¢ a a e
nefits
Saves money;
Saves time;
Accessible across
Familiar to user;
Technical support
Cheaper than traditional;
Only requires computer and
Ben
Accessible across
multiple devices
Technical support
internet
5
7. Customer Acquisition
Through wide exposure, Square targets anyone that seeks easy payment
Target Customer
Target Customer
Small businesses, independent workers, individuals selling goods
Market: anyone who accepts payments
S ’ C t i i t f d d
Square’s Cost: gaining customer awareness + free card reader
Advertisement
Social media and
internet advertising
Selling Points
Easy convenient
everyday usage
Retail
Selling through
online registration
g
Traditional
mediums with max
exposure/min cost
No surprise fees
Adaptable across
multiple devices
g
and Apple stores
Follows razor blade
retail model
6
Acquiring 100,000+ customers per month
8. Competition and Defensibility
Its established presence and niche market give Square a competitive edge
Square
Established clientele
Similar technology
Characteristics
Square
Advantages
Direct Competitors:
as first mover
No credit check
No monthly fees
Device compatibility
Apple partnership
gy
application
Higher fees and rates
for certain options
Intuit or VeriFone
service support
GoPayment, PAYware
Emerging Market:
N Fi ld
Built-in hardware for
Apple partnership
service support
POS experience
Near Field
Communications
Built in hardware for
phones
Potentially eliminate
use of credit cards
Cross interaction with
th h
POS experience
Compatible across
differing hardware
Unique market focus
Can integrate NFC
t h l
7
other phone apps technology
9. Financial Model and Projections
Square will make for a lucrative investment even with conservative projections
By Year End 2011E 2012E 2012E 2014E 2015E
Payments Processed Per Day ($mm) 1.1 7.7 23.1 41.6 49.5
y y ($ )
Growth Rate 1000% 600% 200% 80% 19%
Annual Revenue 10.59
$ 74.11
$ 222.34
$ 400.21
$ 476.25
$
EBITDA 0.53 4.45 20.01 44.02 52.39
EBITDA Margin 5% 6% 9% 11% 11%
Assumptions
$120
g
EBIT 0.32 2.96 13.34 28.01 33.34
EBIT Margin 3% 4% 6% 7% 7%
p
• Investment: $20m
• Stake: 20%
• Hurdle Rate: 15%
$40
$60
$80
$100
IRR of 55%
$-
$20
$40
2011E 2012E 2013E 2014E 2015E
8
• Sale or IPO at 2.5x
2015 Revenue
2011E 2012E 2013E 2014E 2015E
Best Base Worst
10. Why Invest Now
Additional investment will generate outsize returns due to growth prospects
Need for Additional Investment High Potential for Growth
Need for Additional Investment High Potential for Growth
Additional resources
needed to maintain
first mover advantage
Potential for growth will
allow new investors to
see an outsized return
first mover advantage
Competitive pressures
increasing
Expected spend in
see an outsized return
Customer adoption will
scale up exponentially
The key to success will
pec ed spe d
advertising and
customer acquisition
y
be in locking in a loyal
customer base early
$10.0
$27.5
$20.0
* Additional
capital from
Sequoia and
new investor
consortium
9
Series A Series B
$
Proposed
Series C
co so u
11. Exit Strategies
Square will have multiple exit opportunities that will result in a high ROI
Highly Viable M&A Prospects IPO Considerations
Highly Viable M&A Prospects
Multiple buyers possible competitive bidding
Valuable user base with recurring revenue stream
IPO Considerations
Depends on user base
expansion success and
consideration of M&A
Clear fit into product portfolios
consideration of M&A
High standalone potential
Large Companies
Competing in
Mobile Space
Potential Valuation
Service Providers
and Hardware
Manufacturers
1
2 $700mm-$1.4bn
Rev
EBITDA
$450mm-
$800
10
Payment Processors 0 500 1000 1500 2000
$400 $700 $1000 $1300 $1600
($mm)
$800mm
12. Appendix
Index of Presentation and Appendix Slides
Presentation Slides Appendix Slides
Presentation Slides
1. The Square Proposition
2. Management Team
3 h k t
ppe d S des
• Financial Assumptions
• Financial Model
A ti f
3. The Market
4. The Product
5. Value to User
• Assumptions from
Comparables
• Future Valuation Perspective
C d R
6. Customer Acquisition
7. Competition and
Defensibility
• Concerns and Responses
• Partnerships
• Company Vision
8. Financial Model and
Projections
9. Why Invest Now
• Market Analysis
10.Exit Strategies
13. Financial Assumptions
Growth expected to scale exponentially and valuation will increase
Growth Assumptions
Expected to process $40 million in transactions in Q1 of 2011
Currently signing up 100,000 merchants per month
M
O
D
R y g g p , p
Compare to 30,000 monthly signups last Fall.
$1 million in payments per day
Processing a few million in mobile transactions per week as of last fall
O
D
E
R
I
V
Valuation Assumptions
Valued at $240m after last round of funding in January 2011 ($27.5m)
E
L
V
E
g ( )
Valued at $40m at first round of funding in December 2009 ($10.0m)
Sources
R
S
Sources
DealBook, TechCrunch, Wall Street Journal, VentureBeat, Capital IQ
15. Assumptions from Comparables
Margin projections derived from median of comparable companies
Company Name LTM Gross LTM EBITDA LTM EBIT LTM Net LTM Total
Margin % Margin % Margin % Income
Margin %
Revenues, 1 Yr
Growth %
Ebay Inc. 72.0% 31.0% 22.7% 19.7% 4.9%
Gerber Scientific Inc. 30.7% 4.5% 2.9% (3.0%) 21.0%
Iltron Inc 30 9% 14 0% 8 2% 4 6% 33 9%
Iltron Inc. 30.9% 14.0% 8.2% 4.6% 33.9%
Iteris Inc. 43.5% 8.3% 6.4% (8.3%) (1.2%)
Mastercard Incorporated 100.0% 53.3% 50.7% 33.3% 8.6%
PAR Technology Corp. 26.1% 2.7% 1.6% 1.3% 7.6%
Perceptron Inc. 37.3% 0.8% (1.0%) 1.9% 30.4%
VeriFone Systems Inc 37 7% 14 8% 11 3% 11 3% 24 3%
VeriFone Systems Inc. 37.7% 14.8% 11.3% 11.3% 24.3%
Veritec Inc. 60.8% (64.2%) (67.8%) (86.5%) 108.0%
Visa Incorporated 84.4% 60.0% 56.8% 37.0% 17.0%
Summary Statistics LTM Gross
M i %
LTM EBITDA
M i %
LTM EBIT
M i %
LTM Net
I
LTM Total
R 1 Y
Margin % Margin % Margin % Income
Margin %
Revenues, 1 Yr
Growth %
High 100.0% 60.0% 56.8% 37.0% 108.0%
Low 26.1% (64.2%) (67.8%) (86.5%) (1.2%)
Mean 52.3% 12.5% 9.2% 1.1% 25.5%
Median 40.6% 11.2% 7.3% 3.3% 19.0%
16. Future Valuation Perspective
Square’s valuation would price at premium to multiples due to early stage
Company Name TEV/Total
Revenues LTM -
Latest
TEV/EBITDA LTM
- Latest
TEV/EBIT LTM -
Latest
NTM
TEV/Forward
Total Revenue
NTM
TEV/Forward
EBITDA
NTM Forward
P/E
Ebay Inc. 3.83x 12.34x 16.88x 3.3x 9.4x 15.9x
G b S i tifi I 0 49 10 95 16 80 0 5 7 9 21 9
Gerber Scientific Inc. 0.49x 10.95x 16.80x 0.5x 7.9x 21.9x
Iltron Inc. 0.71x 8.55x 11.10x 0.7x 6.3x 16.5x
Iteris Inc. 1.18x 8.47x 14.51x 1.2x 7.7x 13.0x
Mastercard Incorporated 5.46x 10.23x 10.77x 4.9x 9.0x 15.8x
PAR Technology Corp. 0.29x 10.73x 17.98x 0.3x 7.9x 23.7x
Perceptron Inc 0 53x 67 04x NM 0 5x 9 7x 37 3x
Perceptron Inc. 0.53x 67.04x NM 0.5x 9.7x 37.3x
VeriFone Systems Inc. 4.49x 30.27x 39.89x 4.0x 19.3x 29.6x
Veritec Inc. 4.03x NM NM - - -
Visa Incorporated 6.12x 10.21x 10.80x 5.5x 8.6x 15.3x
Summary Statistics TEV/Total TEV/EBITDA LTM TEV/EBIT LTM - NTM NTM NTM Forward
y /
Revenues LTM -
Latest
/
- Latest
/
Latest TEV/Forward
Total Revenue
TEV/Forward
EBITDA
P/E
High 6.12x 67.04x 39.89x 5.5x 19.3x 37.3x
Low 0.29x 8.47x 10.77x 0.3x 6.3x 13.0x
Mean 2 71x 18 75x 17 34x 2 3x 9 5x 21 0x
Mean 2.71x 18.75x 17.34x 2.3x 9.5x 21.0x
Median 2.51x 10.73x 15.66x 1.2x 8.6x 16.5x
17. Concerns and Responses
Concern Response
NFC will overtake credit
Credit cards too engrained in
daily life to become outdated
card use
daily life to become outdated
in the near future
Large companies will Square has a different
leverage ability to
provide at lower prices
target audience and has
the first mover advantage
Consumer concerns over Partner bank verifies service
Consumer concerns over
security on a newly
introduced platform
Partner bank verifies service
and secure server makes
security claims unfounded
Square has a successfully run
Square will face
execution risks
Square has a successfully run
and experienced
management team
No defining industry standard
Flexibility of the industry
promotes innovation; a
standard will soon be reached
19. Company Vision
Square: 0 to $60 in under 10 seconds
Target consumers are Free app for iPhone,
iP d & A d id
small business iPad & Android
Daily deposit to your
bank account
Simple pricing, free
shipping
Vision is to create zero friction and
complexity around payments
The simplest way to
Emphasis on simplicity & efficiency
The simplest way to
make money
20. Market Analysis
Strong market growth and advantageous company position
Position
First Mover Advantage High growth
Market
Expanding & First Mover Advantage
Few comparable
competitors
Currently underfunded
High growth
potential
Expanding &
unsaturated
marketplace
Competitors
Large Competitors
Ie. Google, Apple
Not focused enough to
Small Competitors
Ie. VeriFone, Intuit
Not focused enough to
drive Square out of its
niche market
Lack first mover
advantage