Jack Dorsey's dual CEO role likely reduced Square's forward valuation credit
Scott Kupor · a16z Podcast | On Recent IPOs and Comparing Private vs. Public Valuations · Jan 2, 2019 · at 9:20
Scott Kupor (managing partner at Andreessen Horowitz) discusses how public investors evaluated Square's valuation during its 2015 IPO while Jack Dorsey was simultaneously CEO of Twitter.
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“It may have been in the case of Square that kind of this dual CEO role for Jack Dorsey might've had some impact on, you know, to kind of the earlier point, just, you know, how much forward credit do we want to give to the company? And do we believe that, you know, this company has his full attention therefore to kind of be able to assign that forward credit. So it's possible that that may have impacted, you know, some of how the thinking was on their willingness to kind of give forward credit here.”
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