How does a pre-product startup raise $1.4 million from the likes of Jack Dorsey, Eric Schmidt and Khosla Ventures with just an idea? It helps if you’ve worked with the investors before. And if you’re trying to bring a fragmented offline industry online, a particular hobbyhorse of Mr. Dorsey’s, whose mobile payments company Square has done just that with mom and pop shops.
Peek CEO and founder Ruzwana Bashir first met Mr. Dorsey and Mr. Schmidt when she directed business development and marketing for Art.sy, another investment of theirs, she told Betabeat earlier this week. Read More