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Square does seem poised for success/acquisition but m confused. Square makes money on credit card processing right? So they have a revenue model. What exactly
by cletus 16y ago
Square does seem poised for success/acquisition but m confused.
Square makes money on credit card processing right? So they have a revenue model. What exactly do they need $25m for?
I'm 100% sure they have a plan. I guess what I'm really saying is there must be more than meets the eye.
- onwardly 16y agoHaving a revenue model isn't the same as having revenue. The $25M is a runway until either A) their next financing, or B) the point where they're actual revenue will pay for all the brilliant engineers, other salaries, hardware costs, overhead, marketing, etc. will ensure they have more than $0 in the bank at all times.