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    John Coogan

    Co-Founder of Lucy.co & Soylent.

    John Coogan is an entrepreneur and co-founder of Lucy, a company focused on developing and distributing next-generation nicotine products aimed at putting the tobacco industry out of business.12

    Professional Background

    Coogan currently serves as the Co-Founder and Chief Marketing Officer (CMO) at Lucy, a role he has held since August 2016.2 In this position, he leads marketing and technology efforts for the company.2

    Prior to Lucy, Coogan was a co-founder and Chief Technology Officer (CTO) of Soylent, a health food company, from 2013 to 2017.23 At Soylent, he managed various aspects of the business, including e-commerce strategy, engineering, and finance.2

    Current Role

    As of January 2023, Coogan is also working as an Entrepreneur in Residence (EIR) at Founders Fund.2

    Education and Skills

    Coogan holds a Bachelor of Science in Economics from Northeastern University.2 He is known for his expertise in:

    • E-commerce strategies
    • Direct-to-consumer platforms
    • Marketing and technology

    Throughout his career, Coogan has reportedly sold over $100 million worth of products online via direct-to-consumer e-commerce platforms.2

    Personal

    John Coogan is originally from Pasadena but currently resides in Los Angeles, California.2 He describes himself as being passionate about data and anything that increases efficiency.2

    Highlights

    Today · twitter

    Tim Sweeney declared victory last Thursday. “The Apple Tax is dead in the USA.” This particular nail in the coffin comes from the Ninth Circuit which confirmed a contempt finding against Apple in their battle with Epic Games.

    Basically, the court had said that Apple could not charge 30% if a developer routed an app customer to their own payment page. Apple wound up charging a 27% commission framed as IP licensing. The economic impact was obvious, add in a 3% payment processing fee and there was truly zero benefit to developers if they were even able to route payments outside of the App Store.

    Well the court ruled that Apple can’t do this anymore, they can only collect fees in line with actual costs of facilitating links and the associated intellectual property of that technology. Now, clearly Apple is going to work to drive that number up as high as possible, and it’s true that Apple really has spent tons of money developing the App Store, but they’ve also generated billions in profit along the way, so developers like Sweeney are certainly hoping for the “justifiable costs” to land in the tens or maybe hundreds of dollars per app.

    I’ve learned that this saga really just never ends, the economic stakes are so high that there’s always funding for one more round of court cases, after all, this battle has been going on for over a decade.

    Back in 2011, Robert Pepper sued Apple along with three other plaintiffs alleging they were overcharged for iOS apps, specifically because Apple had a monopoly over the App Store. Apple turned around and made the somewhat funny argument that the App Store wasn’t really a store, at least not in the retail sense. They argued that they were more like a real estate agent than a physical store, they don’t buy apps from developers and then resell them the way a grocery store might buy apples from a farmer and resell them to customers. Instead, Apple helps connect developers to users directly, and just like the real estate agent who never takes ownership of the physical house, they get a cut for facilitating the transaction.

    In America, we have both taxes and tolls. Tolls are usually directly linked to the service you’re using at that moment, the toll booth pays for that exact highway, and people usually don’t mind tolls all that much. Apple charging a reasonable toll on App Store activity, commensurate with how much it costs to review apps, would certainly please Tim Sweeney and developers like him, but taxes are way more profitable!

    And it’s shown up in Apple’s financial results. Back in 2011, Apple’s P/E was 9.7, today it’s 37.3. And this is all while device sales have decelerated to a point where sales are basically flat. Even though Tim Sweeney is clearly happy with the result last Thursday, the economic power of the App Store isn’t going anywhere overnight, the user behavior of checking out with Apple will be sticky for years and years.

    Dec 12 · twitter

    Foreshadowing. OpenAI is the only company that can generate images of the Death Star now.

    Feb 23 · wikidata.org
    John Coogan - Wikidata
    Feb 24 · PRNewswire
    Lucy Closes $10 Million in Series A Funding to Create Safer Nicotine Products - PRNewswire
    Sep 8 · TechCrunch
    Matt Cauble on changing consumption with Soylent and Kin - TechCrunch

    Related Questions

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    How did John Coogan's experience at Soylent influence his work at Lucy?
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    John Coogan
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    Location

    Los Angeles, California, United States