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by danw3 3897 days ago
Can you elaborate on Square's gold-plated credentials? Most of the news / comments I've read about square post their IPO disclosure have been negative (or at least skeptical) - largely to do with the increasing loss rate and the state of the payments market.
2 comments

Square has prominent co-founders and raised over half a billion dollars from prominent investors.

One way to look at Square is as a company that essentially bought its way into the payments space. The question is whether its premium valuation is warranted.

Some analysts point out reasons to be skeptical[1].

[1] http://www.streetinsider.com/Analyst+Comments/Cowens+Damning...

Famous founder with previous start up success, lots of VC capital, lots of press, lots of growth, lots of hype. Maybe they even have an open office with foosball and Aeron chars (or are standing desks the new status symbol?) As a start up, they're crushing it. As an actual company, you know, the kind where revenue > expenses, they utterly fail it.