Evidence receipt / commitment
Published · transcript-backedBen Gilbert: commitment
17 Mar 2020 Acquired The Top 10 Acquisitions of All-Time
“Of course, this went through Braintree, so it’s $26 million that Braintree bought it for and then less than a year later that was picked up for $800 million but rolled that $26 million forward since that is the isolated number for Venmo alone. Now, David, I will say still not profitable.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- commitment
- Recorded
- 17 Mar 2020
- Publisher
- Acquired
Transcript context
…We're going to have some more discussion in grading about this one. Next on the list, another fun episode from Acquired’s history, our first big independent live show, Venmo picked up by PayPal in 2012 for $26 million. Venmo was recently announced doing about $300 million in annual revenue within PayPal. You do the math and that nets out to market cap contribution within PayPal of about $2½ billion. Not bad for buying it for $26 million. Yeah. Of course, this went through Braintree, so it’s $26 million that Braintree bought it for and then less than a year later that was picked up for $800 million but rolled that $26 million forward since that is the isolated number for Venmo alone. Now, David, I will say still not profitable. Indeed.…
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