The Inquisitr » Jack Dorsey http://www.inquisitr.com The Better Mix Mon, 13 Feb 2012 17:46:48 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Square Raises $100 Million, Now Valued At $1 Billion http://www.inquisitr.com/121896/square-raises-100-million-now-valued-at-1-billion/ http://www.inquisitr.com/121896/square-raises-100-million-now-valued-at-1-billion/#comments Wed, 29 Jun 2011 06:53:15 +0000 James Johnson http://www.inquisitr.com/?p=121896 Mobile payment company Square on Tuesday announced that they have raised $100 million in new financing with an investment led by Kleiner Perkins. The $100 million investment has pushed the company from a valuation of $250 million, while some estimates have placed the company’s goal at $2 billion. Along with the investment Mary Meeker of [...]

Square Raises $100 Million, Now Valued At $1 Billion is a post from: The Inquisitr




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Square Mobile Payments

Mobile payment company Square on Tuesday announced that they have raised $100 million in new financing with an investment led by Kleiner Perkins.

The $100 million investment has pushed the company from a valuation of $250 million, while some estimates have placed the company’s goal at $2 billion.

Along with the investment Mary Meeker of Kleiner Perkins will join Square’s board.

Square is currently responsible for $4 million per day in transactions, up form just $2 million per day two months ago.

In the meantime, the company could face fatigue with employees putting in up to 20 hour work days, in fact CEO Jack Dorsey, who also heads up development at Twitter, ”told one engineer to miss his own out-of-town bachelor party to work on a new product.”

The WSJ adds:

“At a meeting with his 100 employees, Mr. Dorsey was asked why he ‘guilts’ them into working ‘more than 12-hour days’ and on weekends, pushing them to ‘burn-out’.”

 

 

Square Raises $100 Million, Now Valued At $1 Billion is a post from: The Inquisitr

]]> http://www.inquisitr.com/121896/square-raises-100-million-now-valued-at-1-billion/feed/ 1 Square Mobile Payments Lets face it, Evan Williams and Biz Stone are blessed http://www.inquisitr.com/3361/lets-face-it-evan-williams-and-biz-stone-are-blessed/ http://www.inquisitr.com/3361/lets-face-it-evan-williams-and-biz-stone-are-blessed/#comments Wed, 17 Sep 2008 07:00:49 +0000 Duncan Riley http://www.inquisitr.com/?p=3361 News broke yesterday that traffic on Twitter is up 422% in the last 12 months, despite a year that introduced the fail whale into popular culture, and where service outages on other sites were routinely assessed as not being bad compared to Twitter. Twitter should be the startup that has failed. The management of the [...]

Lets face it, Evan Williams and Biz Stone are blessed is a post from: The Inquisitr




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News broke yesterday that traffic on Twitter is up 422% in the last 12 months, despite a year that introduced the fail whale into popular culture, and where service outages on other sites were routinely assessed as not being bad compared to Twitter.

Twitter should be the startup that has failed. The management of the company has been at very best grossly incompetent. Twitter was sold as a social utility, but it regularly failed to deliver, driving a new wave of microblogging services that aimed to take over where Twitter failed. For Twitter users, the question for a time wasn’t whether Twitter was down, but if it was up.

And yet, Twitter continues to thrive, even if it still seemingly doesn’t have a business plan, and any source of revenue.

While CEO Jack Dorsey deserves much of the credit, the two other founders Biz Stone and Evan Williams lay claim to much of the blame. Both worked with each other at Pyra Labs, and used that knowledge to build Twitter as a CMS platform, instead of a messaging service. And yet, who can dispute the numbers: Twitter has not only survived its darkest hour, a time where any other startup would have failed, Twitter has thrived.

Twitter has defied logic from the start, and that it thrives today defies logic again. Although I’m not religious, there can only be one conclusion: Evan Williams and Biz Stone are blessed. If anyone has a more logical conclusion, feel free to leave a comment :-)

(img credit Mai Le)

Twitter

Lets face it, Evan Williams and Biz Stone are blessed is a post from: The Inquisitr

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