brand

“The brands in many cases don't even know what the consumer is buying, and they certainly don't know who the consumer is that is buying.”

“The key when you build a brand is to take a product and idea that, you know, kind of means what the brand's all about and do it so exceptionally well, let the word of mouth carry over, and then it enables you to move at some point into a store or some type of …”

“And by definition, when you have to discount a product, it's a withdrawal from the brand.”

“Well, see, I really believe the internet is going to allow brands to extract the premium that they deserve.”

“So for brands, we actually think it's more like Sarnav's law. You know, some people argue, yes, it has Some network effect, but not directly incredibly value to the user, which is why the value is not as steep as Metcalfe's law, for example.”

“LLMs can be a source of differentiation. Today, they might provide a first-mover advantage, but old-fashioned modes like network effects, high switching costs, scale, and brand are still what will likely win long term.”

“It abstracts away a lot of companies' brand names, which I think is going to be very hard for an entire generation of Brands.”

“So my hot take is the most defensible things 10 years from now will be your brand, workflows that require high trust and data.”