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It's a great idea with a great team behind it and this is a huge win on the biz dev side. Congrats to the guys. One inconsistency from the TC post though: > .
by cletus 16y ago
It's a great idea with a great team behind it and this is a huge win on the biz dev side. Congrats to the guys.
One inconsistency from the TC post though:
> ... announcing that it is processing $1 million in payments per day
vs
> COO Keith Rabois told us in January that the startup is expected to process $40 million in transactions in Q1 of 2011 ...
There are more than 40 days in Q1, even if you limit it just to business days. I'm confused.
- barkingllama 16y agoIt sounds like to me that they expect to process in total 40 million during Q1, but they could process up to 1 million in a single day? Clarification would be nice in the article .
- Aleran 16y agoThe reason the projection for Q1 was only 40M is because it wasn't until March that Square reached the 1M/day milestone (http://techcrunch.com/2011/03/02/square-now-processing-1-million-in-mobile-payments-per-day/ http://techcrunch.com/2011/03/02/square-now-processing-1-mil...). So in January and February they were doing less than 1M per day.