Company preso
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Company Presentation on Square
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Company preso
- 2. Sample Products Square Registe r Square Reader Square Market Square Analytics
- 3. Financials • Valued just over $5 Billion • $100 million loss in 2013 • $550 million in revenue, $20 billion transactions
- 4. History • 2008: Inspiration • 2010: Square App • 2011: Register and Card Case (Wallet) • 2012: Starbucks • 2014: Whole Foods, Bitcoin, Caviar
- 5. What’s Hot Chip cards!
- 6. Secret Sauce “Complete solutions for every type of business”
- 7. Story • Jack’s inspiration • Square at Umich in 2011
- 8. Competition
- 9. Personal Opinion • Recent losses and hard competition… • But constantly adapting
Notas del editor
- Financial services, mobile payments provider based in sf
- Register: POS App. Ex: Glassbox, bubble island? etc tipping, receipts (email/text), manage orders in real time, online ordering Reader: the original, small credit card reader that lets you accept credit cards everywhere. Market: Online sales, personalized page, checkout process, tips to build your brand, handles analytics Analytics: business relevant reports and analytics, customer data: returning vs new, customer spending, customer visits
- Rumors of sellout: square denied. Valued at just over 5 billion. Drew in about $550 million in revenue on $20 bil worth of transactions Recorded a year-over-year loss of $100 mil in 2013: criticism at inneffective investments in growth
- 2008: inspiration for square. Could not complete $1000 transaction because he could not accept credit cards Early 2010: Square app introduced 2011: announced release of two new apps: card case and register at TechCrunch Disrupt Conference 2012: collaboration with starbucks. Huge vote of confidence, Starbucks CEO is now on board of directors. 2014: whole foods: some delis and a register that takes bitcoin, acquired caviar (delivers from high end restaurants) move into food industry.
- Introducing Nationwide switch to chipcards Emv more secure way of paying. US. Is last major market to still use magnetic stripe cards Highest card fraud rate in the world in last 5 years Traditional credit cards have static data and can be cloned Chip cards: new encryption for every sale. October 2015
- Easy to use -fast setup, no commitments, free! Mobile Wide range of resources
- Inspired when his friend could not make a transaction for his small glass blowing business due to innability to accept credit cards 2011: not many people had heard of square. “I only need cash to do my business” Year by year, seeing people becoming increasingly comfortable with mobile payment systems, specifically square, and see more and more pop up on campus from farmers market to businesses to student orgs.
- Debut of apple pay: lets you pay in stores and within apps. Allows for NFC payments. Could dramatically decrease need for Square’s card reader. Paypal: has been around longer, bigger market, also has a card reader
- losses: sellout? Or keep trying to expand. Hopping on the chip game. Square is well poised in the arena of mobile payment Fast company named 5th most innovative company in 2012 Involved with almost all forms of mobile payment in the last few years, bold and quick to adopt. Venmo like app: Square Cash, food ordering service: Caviar ITS CONSTANTLY ADAPTING.