Square, Inc. is a provider of hard- and software enabling small merchant businesses to accept card payments. The company was founded in 2009 by, among others, Jack Dorsey who still runs the company to this day. Based in San Francisco, the company has been part of Silicon Valley's Unicorn-iverse,...

While previous papers have characterized various features of the financial contracts between entrepreneurs and venture capitalists, little is known about how the equity contracts evolve over the life of new ventures. Using the novel data set containing financial contract terms applying to...

For much of the investing public, startup firms represent a relatively undiscovered geyser of potentially fraudulent behavior due to a number of practices inherent in startup governance, funding and valuation. We explain the fundraising and valuation processes of startups and discuss the...