Lise Buyer

Management and management focus are the single most determining factor of the success or lack thereof of a company pursuing an IPO, were I a (Square) investor, I would want to be compensated for the cost of a part-time CEO who already had a full plate. And by compensated I mean I would expect a lower valuation.

There is so much uncertainty and so much attention needed at Twitter that it certainly should not inspire confidence in potential investors about Square.