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05-28-2014, 10:46 AM #1Banned
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They likely intentionally operated at a net loss to acquire customers. Kinda like when brokers take $0 commission on initial deals so they can make money on the renewal.
Originally Posted by isaacdstern
Surely they have quantified the value of each "Square for Business" customer relative to how much they can make off them from MCA. For example; "We have 100 Square for business customers and we know that 5 will turn into deals, therefore we will break even at X point and be profitable at Y point.
Guys in this space are "cash right now guys" - guys on the tech side attitudes are "screw profits (for now) - get market share and monetize (e.g. get to a liquidity event) later."Last edited by JayBallentine; 05-28-2014 at 10:49 AM.
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