New bet with Felix Salmon of Reuters

Posted on June 11, 2012 by Rakesh Agrawal

I have a new bet with Felix Salmon of Reuters tied to an exit for Square.

I win the bet if:

  • Square is acquired on or before December 31, 2012 by anyone other than PayPal.

Felix wins the bet if:

  • Square is not acquired on or before December 31, 2012.
  • Square is acquired by PayPal.

Stakes: Dinner next time we are in the same city at a place of the winner’s choosing.

“Acquired” means that an agreement has been announced by. The transaction need not have closed.

The outcome of this bet does not cancel out our previous bet related to Groupon and Priceline. (One that I’m currently winning.)

Any disputes will be settled by Naveen Selvadurai.

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About Rakesh Agrawal

Rakesh Agrawal is Senior Director of product at Amazon (Audible). Previously, he launched local and mobile products for Microsoft and AOL. He tweets at @rakeshlobster.
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4 Responses to New bet with Felix Salmon of Reuters

  1. NYEsquire says:
    June 11, 2012 at 8:45 pm

    hard to disagree with you and agree with felix here — square has a product + service in hi and growing demand, is in a battle with many many contestants to see who becomes the next true mobile payments platform. paypal buying square is a FB buying instagram move — only if they see a threat — but it’s not clear that square is the main threat (yet). this will take some time to play out i think, so at the very least the outside/drop dead date on your deal makes you the favorite.

  2. Pingback: How I lost my Groupon bet | Felix Salmon

  3. finspag says:
    November 10, 2012 at 10:32 am

    Forthly and Firstly – Groupon’s own Pre-IPO research pointed to a bad business model showing their overhead and pricing could not support expected retailer payout.

  4. Pingback: The Steaks in Square’s Future | Street Fight

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