Zack KanterVerified account

Who is doing the discovering in your tweet? The consumer?

Yep

A few thoughts: 1) I might argue that discovery either is or will be harder today than it was on the past. On a percentage basis of brands discovered divided by brands that exist, discovery is only getting harder because of increased competition since it's so easy to start

Agree - but I don’t think we’re concerned with the relative difficulty. We’re concerned with the absolute number of successful brands. Or, more specifically, that the average fitness of a product (as measured by meeting consumers’ economic needs) is increasing faster than before.

I go back to the third point I made. I think there's too much focus on starting and not enough on staying. It's still early but many will not go far and it usually has to do with securing the audience the brand needs to meet its expectations over time.

I agree - brands may not have staying power. But that’s creative destruction working at scale. Consumers’ needs and preferences are being met at a more perfect rate, and that’s good - even if brands don’t last.

So on that note, do you think competition should always be maxed out? If gatekeepers evolve as we discussed, and creative destruction accelerates, is it ever too much that is becomes unsustainable in your opinion?

In theory, no. I guess that’s because I have a hard time conceptualizing how it could become unsustainable. More specifically: unsustainable for who/what?