[pbreit]

Crazy that it's around Stripe's valuation and crazier it hasn't gotten in to Stripe's business yet.

Typically $300m in margin on $1b in revs would get you $6-8b but there's just too much negativity on Square right now with the part-time CEO, stream of negative media and chaotic product set.

[nemo44x]

It's across the board in technology mainly. Tableau was beaten down pretty badly until they recently made the case all too obvious they're ripping the cover off the ball.

Other names like Hortonworks (at IPO level today) and New Relic (great quarter, improved guidance but smacked down today) have had better than expected results and are not getting much love from the public markets.

If software was truly in a bubble we'd see biotech prices in the public markets where companies like Stripe would be valued at 12 billion right now.

I think it's a good time to begin collecting long term positions in some of these small cap tech companies that have been offering IPO's as they may not be "cheap" but they are massive growth stories and certainly and bubbly.

Some names have done well though like Tableau and Palo Alto Networks. It's a mixed bag.

[JonFish85]

The way I'd look at it is that they had the chance to scale their business through Starbucks and the massive influx of money through the system was a major dud for them. That might be terms specific to the Starbucks deal, but ultimately that level of scale didn't help.

And at a numbers perspective, their revenue rose 54% last year, but so did their losses ($104m -> $154m). If their losses track their revenue growth percentage-wise, then scaling does them no good.