Ben Horowitz: Jack Dorsey Is Eating Payments Through Software

Today at TechCrunch Disrupt SF, Ben Horowitz, co-founder and general partner of Andreessen Horowitz, said that Jack Dorsey and his startup Square are changing the world through software, in the same way that other technology is being disrupted through software innovation. It's part of Horowitz's theory of how "software is eating the world." Dorsey is behind two of today's hottest startups: He's co-founder and Chairman of Twitter, while also serving as CEO of mobile payments startup Square. Square was founded in 2009 and has grown to be pretty huge since then. Last summer, Square raised $100 million and added Mary Meeker to its board. But it just closed its biggest deal ever last month when it partnered with Starbucks, raising $25 million from the coffee retailer and added CEO Howard Schultz to its board. That deal valued Square at $3.25 billion, but more importantly, it will put the Square Directory into Starbucks apps and in its in-store Digital Network.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/uPJhG6BgsKo/

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