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Block

Block is Square, Cash App, Spiral, TIDAL, TBD, and other foundational teams. It is one company built from many blocks, all united by the same purpose of economic empowerment.

Milestones

  • Founded 2009
  • Partnered 2011
  • IPO 2015

Why we invested

Bootstrapped by Jack, Square (now Block) had a vision to allow anyone with an iPhone to become a merchant. Part hardware, part app, the mobile payments product was originally called Squirrel because of its resemblance to an acorn. A demo in which we saw Square in action (and in which we were charged $3.00) gave us a glimpse into the platform’s transformative power.