Square Wallet

product on 1 show · 1 statements across 1 episodes · said 2 times in 1 episodes since 2017

20VC 2

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20VC Disclosure
Square Wallet failed because Square backed it too long without 10x value
“We tried Square Wallet. It was unsuccessful. We backed it for too long. We kept it going for too long. I think there wasn't enough focus on creating the same kind of 10 X value proposition in that product that Square's core product originally had.”
Rishi Garg Jan 18, 2017 ▶ 25:24 20VC: How To Test The Strength Of Co-Founder Relations, The Dangers Of Raising A Large Series A & Why The Biggest Challenge For Consumer Companies Is Finding The Second Big Hit with Rishi Garg, Partner @ Mayfield Fund

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