Image representing Dave McClure as depicted in...

Image via CrunchBase

A recent blog post by Dave McClure, the investor in charge of the Founders Fund seed investment program makes the assertion that "subscription models are the new black" and we've lost a decade of innovation by people living off the table scraps of Google's $10B pay-per-click ad system. (Warning: the blog post is pretty raw.)

In a seeming non-sequiter, he moves on to talking about passwords. But pay attention, because what he's really doing is talking about friction in subscription models and the friction that they inpose. I think it's interesting that the iPhone app store, for example, still requires that I type a password when I purchase an app on my iPhone given that they have a good identification based on the device. Of course, what they're doing is using the password for authorization. Making sure it's me who's purchasing the app.

Please leave comments using the sidebar.

Last modified: Thu Oct 10 12:47:19 2019.