#44 The ABCD rule doesn’t cut it anymore
There was a time when the golden rule of consumer app development was as simple as ABCD: Always Be Collecting Data. The strategy? 1️⃣ Grow your user base as fast as possible. 2️⃣ Track every interaction, every event, every click. 3️⃣ Figure out how to monetize the data — usually through targeted advertising, if you couldn’t think of anything more creative. But that game is changing. Consumers are more privacy-aware than ever. Regulators — especially in the EU, California, Japan, and a few other regions — have stepped in. And both founders and investors are realizing that data-harvesting at scale is not a sustainable or ethical business model. ...