Square: “A tap is a bit more simple than a swipe, I suppose. But screw that. You should be able to pay by doing nothing at all.”
A tap is a bit more simple than a swipe, I suppose. But screw that. You should be able to pay by doing nothing at all.
This makes a lot of sense, assuming a popular app/service (which means lots of existing users). With zero revenue you can still think of a future in which a enormous user base will be monetizable, which *would* justify a high valuation. If you are already generating a moderate revenue then the question arises ‘why aren’t you already generating more money with that existing user base’, and set a very concrete (realistic?) expectations on the future of that business.
[unstructured rant begins here]
Still there is a reflection missing about wether revenue (either present o future/potential) is the only source of value for companies nowadays. This maybe breaks the traditional economic analysis, but we might consider that having real power (political or social) that can be used is something valuable in itself. The origin of the companies (or enterprises) comes from an association of persons with a common goal, usually this was profit, but maybe we are moving beyond that traditional conception.
Think about Facebook and Twitter, is it dollars (or euros) the only way to measure their value? Or is the power they are beginning to have over society more relevant?
A tap is a bit more simple than a swipe, I suppose. But screw that. You should be able to pay by doing nothing at all.
“Cover your eyes, go back to Avengers mansion, and make my dinner.” Nextwave: Agents of H.A.T.E. Artist Stuart Immonen.
One of the few times I’ve seen Captain America act like a stereotypical man from the 40s.
From Nextwave: Agents of H.A.T.E. #5 by Ellis/Immonen.
(this is the only Cap panel I had ready, so Happy 4th, part 3)