Square's new $200M makes Dorsey a billionaire, report says
Square has once again raised a ton of money, closing a $200 million round of funding that will make CEO Jack Dorsey a certified paper billionaire, according to those watching the industry.
Although neither the company nor its lead investor -- little-known private equity firm Rizvi Traverse of Michigan -- would confirm the matter, news of the dollar figure has been swirling around today.
Rizvi Traverse other investments include Playboy, Facebook and Twitter, according to the company's Web site.
The funding, which is twice the amount the company raised last year, puts a valuation of $3.25 billion, an … Read more