Square is looking to raise another round of capital and is hoping to reach for the stars at the same time.
Square is seeking to raise a fresh round of capital at a massive valuation of up to $4 billion, according to multiple sources familiar with the situation.
If the company is successful, it will have quadrupled its worth since raising $100 million at a $1 billion valuation only 10 months ago.
This article has a nice back of the envelope calculation on its revenues based on its current $4 billion in transaction volume. It is not a big business. By any means. And while it can grow, well, $4 billion? $3 billion? At those valuations, the investors have, as the old saying goes, more money than sense.
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