Publications
Publications
- March 2021
- HBS Case Collection
CashDrop (A)
By: Rembrand Koning, Paul A. Gompers and Sarah Gulick
Abstract
In July 2020, Ruben Flores-Martinez had launched a startup, CashDrop, which provided easy and cheap sales options for small businesses. The COVID-19 pandemic helped CashDrop quickly grow. Flores-Martinez, who had previously sought and been denied venture capital funding, suddenly found CashDrop being pursued by venture capital.
The case discusses Flores-Martinez’s background as an undocumented immigrant in the United States, his previous business ventures, and his concerns about the influence of venture capital on business. The case also discusses the American and global payment platform landscape.
The case discusses Flores-Martinez’s background as an undocumented immigrant in the United States, his previous business ventures, and his concerns about the influence of venture capital on business. The case also discusses the American and global payment platform landscape.
Keywords
Payment Systems; Small Business; Entrepreneurship; Business Startups; Venture Capital; Online Technology; Technology Industry; Financial Services Industry; Chicago; Illinois
Citation
Koning, Rembrand, Paul A. Gompers, and Sarah Gulick. "CashDrop (A)." Harvard Business School Case 221-051, March 2021.