Square Deal: Payments Startup Passes First Test as Publicly Traded Company

Square made its debut on the public markets yesterday. After its much-commented-on offering price of $9 per share, which some took as a shot across the bow for unicorn startups, the Jack Dorsey-helmed payments firm surged more than 45 percent in its first day of trading. The pressure may be off Square momentarily, but it won’t stay that way for long.

Redpoint Ventures’ Dharmaraj: There Will Be Many Different Craigslists

“It’s about establishing trust and community. I think there will be many different Craigslists, each for your own local community. That’s where something big can be built in the local space — a Craigslist that’s organized by neighborhoods, rather than by cities,” said Redpoint Ventures partner Satish Dharmaraj about local “unicorns” waiting to emerge.

Geo-Unicorns: Will Local Spawn More Billion-Dollar Startups?

At the Street Fight Summit in New York a couple of months ago, I moderated a panel that looked at the “Billion-Dollar Opportunities in Hyperlocal.” Our thesis in putting the panel together was that the personalization made possible by location-based technologies was still in its early stages of evolution, and that the “geo-web” will be spawning many of the billion-dollar exits that later-stage VCs crave…