Success story is a Square partner. Now, your favorite neighborhood spots run on Square.

You know, I was just at Panther Coffee here in Miami last week and beyond the incredible

gratato. What struck me was watching them seamlessly handle the morning rush. The barista mentioned

they've been using Square to manage everything from inventory to building their loyal customer base.

It's so much more than just that little white card

reader that we all recognize. Square knows that local businesses can be big businesses. And as

things get more complex, Square meets you at every opportunity. So whether or not you're expanding

to new locations, building a loyal following, even covering cash flow gaps, Squares powering all the behind-the-scenes stuff that matters.

They knock out today's to-dos and they unlock tomorrow's what-ifs.

If you're ready to see how Square can transform your business,

go to square.com slash go slash success to learn more.

That's square.com slash go slash success. Square. Meet you there.

In this lesson's episode, explore how turning customers into investors reshapes the path to going public.

Discover how ownership deepens loyalty and brand advocacy. Understand why retail investors often act like

long-term institutions and uncover how this model

gives entrepreneurs both capital and an engaged shareholder base.

Now I'm curious for the entrepreneur that's going into this, an entrepreneur goes and raises some money and they

usually want to find some investors that are going to provide some value to their business.

What is the benefit to somebody that has, for example, 50 million ARR or annual recurring revenue,

100 million annual recurring revenue,

to get this crowdfunded investment.

Isn't that just, is that, is that headache pre-IPO or does, at that point,

...