How do we pay for the services we want to create and use? That is the question. Systems like Twitter, Instagram, Pinterest and all the other services you love are not cheap to build at scale. Grow now and figure out your business model later as the VC funding disappears, like hope, is not a sustainable strategy. If we want new services that stick around we are going to have to figure out a way for them to make money.
I’m going to argue here that a business model that could make money for software companies, while benefiting users, is creating an open market for data. Yes, your data. For sale. On an open market. For anyone to buy. Privacy is dead. Isn’t it time we leverage the death of privacy for our own gain?
The idea is to create an ecosystem around the production, consumption, and exploitation of data so that all the players can get the energy they need to live and prosper.
The proposed model: