The Apple Pay Revenue Stream


Apple Pay sounds great, but the most surprising thing about the announcement is that Apple doesn’t seem to be taking a cut. Oh wait. The other shoe — Elizabeth Dexheimer:

Under deals reached with banks individually, Cupertino, California-based Apple will collect a fee for each transaction, said one of the people, who requested anonymity because terms aren’t public. While that gives the tech company a share of the more than $40 billion that banks generate annually from so-called swipe fees, lenders expect to benefit as consumers spend more of their money via mobile phones and other digital devices, the person said.

This seems like the type of deal that only Apple could get away with. It reminds me a bit of the deal they struck with AT&T for the first iPhone. But this is with several of the major banks, not just one.

We’ll see how much money this adds up to over time. If Apple Pay is at all successful, it’s going to add up.


"Human beings are works in progress that mistakenly think they’re finished"


Soooooo satisfying


Soooooo satisfying

wow! Windows95 and Jennifer Aniston and Matthew Perry.

The best way to win an argument « Mind Hacks

"So this is something worth bearing in mind next time you’re trying to convince a friend that we should build more nuclear power stations, that the collapse of capitalism is inevitable, or that dinosaurs co-existed with humans 10,000 years ago. Just remember, however, there’s a chance you might need to be able to explain precisely why you think you are correct. Otherwise you might end up being the one who changes their mind."

Everything Is Broken — The Message

"The problem with the normals and tech is the same as the problem with the normals and politics, or society in general. People believe they are powerless and alone, but the only thing that keeps people powerless and alone is that same belief. People, working together, are immensely and terrifyingly powerful."

There are two main barriers to more successful marketing: first, the strategy is not based on consumer goals, and second, the signals used to convey the value proposition do not activate the intended mental concepts and goals in the consumer’s mind.

Phil Barden “Decoded: The Science Behind Why We Buy


(via peterspear)

The New Norm?


In the past few months I’ve noticed a trend in hardware startups. The trend goes something like this:

  • Hardware company raises small amount of angel / seed money
  • Hardware company launches crowdfunding campaign and presells around $1M of product
  • Hardware company raises a $8-15M series A

It started as an observation. Since the start of the year I have seen 3 such startups come through that fit the profile: one being