Public markets ultimately valued Square as a payments business at IPO
Nicole Irvin · a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations · Jan 2, 2019 · at 5:42
Nicole Irvin of Andreessen Horowitz analyzes how public market investors decided to price Square at its IPO based on existing payment revenues rather than software growth potential.
0:00 / 0:16exact quote · 16.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“And I think what we saw is that, folks, at the end of the day, everyone had their debates. People came to the table with different You know, ways of it analyzing the business and their different viewpoints. And I think what one is something that reflects what's in the numbers today, and that is a primarily a payments business.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →