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SaaStr 308: RevenueCat CEO Jacob Eiting on Managing Millions in Mobile Subscriptions While Growing 20% a Month. Most of us think a lot about standard B2B SaaS and Cloud subscriptions, but we are still new to the issues, challenges, and opportunities in mobile subscriptions. We’re obviously in a very unique situation today.
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Mobile credit card processing first came on the scene when Square released its original mobile credit card reader in 2009 and by the early 2010s, it had become a common method of accepting payments for small businesses. This not only improves cash flow but also enhances customer satisfaction by offering convenient payment options.
But in 2009, with the founding of A16Z , came a new era of founder friendliness and along with it a founder invisibility cloak (or should I say invincibility cloak) whereby the presumption that the founder should run the company became nearly absolute. The founder friendliness pendulum : the invisibility cloak loses some power.
Venmo was recently acquired by PayPal, so it ensures the security of your financial processes with advanced security systems and encryption. The app keeps track of your past transactions of cash payments and receipts, and you can use it as a virtual wallet to store money. Then Venmo is here to shake things up a bit.
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