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Miu Miu has âhad a thrilling year, delivering viral products coveted far and wide.â According to Lystâs âYear in Fashion,â the Italian label is the Worldâs Hottest brand, again (Miu Miu / Hypebeast)
đŒ Diet Coke prices. Hereâs why »»
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đ How this London-based bridal brand became a fashion insider favorite »» Also: Miu Miu is the world's hottest brand for the second straight year »»
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Chevy âis giving a brand new look to its bread-and-butter full-size SUV pair, the Tahoe and Suburban.â The Suburban is believed to be the the world's oldest continuously produced car model (Chevrolet / Jalopnik)
Abu Dhabi airport opened a brand new terminal and lounge complex »»
Subwayâs going to sell a footlong cookie »»
Perplexity.ai, a ChatGPT competitor, can now natively tap into the Internet in real time »»
The big bet on âtiny homesâ to fix homelessness »»
Southeast Asia is on the cusp of a âsuperchargedâ digital payments revolution »»
Americaâs economy is growing even more than previously indicated »»
Youâll soon be able to order an iconic London black cab on Uber »»
And: Deliveroo users in the UK will soon be able to get DIY, electrical and homeware items delivered to their door, as they expand beyond food »»
Everything new in the updated 2025 Chevy Tahoe and Suburban »»
And: Innovation or folly? The Cybertruck will test whether anyone still trusts Tesla »»
Docu is a new ChatGPT wrapper devoted to contract review »»
Forced to use real names on platforms like Weibo, Chinese influencers are quitting social media instead »»
Concorde 2.0? Supersonic planemaker Boom is planning a test flight before the end of the year »»
Heathrowâs largest shareholder sold its 25% stake in the airport to a French private equity firm and the Saudi public investment fund »»
More: While Heathrow remains a major global gateway, growth prospects have been hampered by the lack of progress on a third runway »»
A W hotel opened in Edinburgh »»
The debt-laden parent company behind luxe department store Selfridges has filed for insolvency »»
Do you have customers? If so, you use a dedicated CRM software, right? Oh no? Then why not give Less Annoying CRM a try? Itâs free for fate v/ future readers for 60 days, v/ the usual 30 »»
Would you want to work for you?
Appleâs âThink Differentâ campaign from TBWA\Chiat\Day in Los Angeles ran from 1997 to 2002
THE BIG IDEA
What I write below is going to sound odd coming from a âcreative.â (Backstory: I spent a dozen years as a writer, and then a creative director, at some of the worldâs best known ad agencies, working on many of the biggest, most liked/loved brands in the world and I have run fate v/ future, a marketing services company that shares a name with this newsletter, for the past 5+ years.)
In the creative department at many ad agencies, âthe ideaâ is sacrosanct. Itâs usually called the, quote-unquote, âbig idea.â Hereâs the best way I can think of to simply describe what that is:
a logical and lateral look at a brand or product,
usually in the context of a problem and/or a solution,
presented in a likeable way
IYKYK
A quick primer on some of the most famous âbig ideasâ in history:
Volkswagenâs 1960 âLemonâ print ad by agency Doyle Dane Bernbach is widely credited with inventing contemporary creative advertising. Thatâs because the ad used a lateral twist (as opposed to a literal message), which was a totally novel approach at the time. The adâs simple, one word headline called Volkswagenâs flagship car a âlemonâ (which is old time slang for a dud car). The line was an unusual, attention-grabbing way to make the point that the VW factory employed thousands of inspectors to monitor each stage of production (apparently, 1 out of every 50 cars was pulled off the assembly line for not being good enough). Meaning: the ones that made it to dealerships were the very best, delivered without flaws, to last longer, and require less maintenance too.
Nikeâs late 1980s-era âJust Do Itâ tagline from agency Wieden + Kennedy is âto this dayâ inextricably linked to the brand. Nike was very much fueled by the companyâs co founders, one of whom was a successful college track and field coach who brought an âif you have a body, youâre an athleteâ mentality to the then fledgling shoe company. âJust do itâ was a simple, three word encapsulation of that ethos, one that proved to be as likeable, as adaptable, and universal as a tagline can be. Proof: the line remains every bit as fresh, powerful, and applicable to anyone and anything Nike touches some 3-1/2 decades on.
Appleâs 1997-2002 âThink Differentâ campaign from TBWA\Chiat\Day was launched when the firm was on the verge of bankruptcy (unbelievable as that may seem today). âThink Differentâ is based in an irrefutable truth about the product: both the hardware and the software of Appleâs computers are vastly different from the more popular Windows-based computers. The strength of the idea comes from seamlessly fusing that product truth to an incredibly compelling societal-level insight: historyâs greatest achievements have often been at the hands of people who âthought different.â It seems simple in retrospect. Itâs not. Thereâs a lot packed into that incredibly elegant, two word thought that is based in the brand, based in truth, and based in human desire. Today, Apple is regularly at the top of the list of the worldâs most valuable firms.
BUT. THATâS ADVERTISING
In business overall, novel ideas take a backseat to superior execution.
Nike did not invent the concept of jogging (though they did ignite its popularity in America), nor were they the first ones to develop basketball shoes.
Apple was not the first-ever company to come up with visual/graphical UI âand the company did not come up with the idea of a mouse to control it either.
Facebook was not the worldâs first social network.
Google didnât invent the search engine.
But what all of these firms did do is execute brilliantly, and iterate off the back of their success.
Sidebar: All four companies are obviously world-beating innovation powerhouses. But Metaâs reputation often gets overshadowed by all the nonsense floating around Facebook and Instagram. What the firm doesnât get enough credit for are initiatives like React, a free and open-source front-end JavaScript library for building user interfaces based on components, or the machine learning/AI systems that drove itâs incredible advertising business for years and years before ChatGPT burst onto the scene. It is one of the most innovative companies of the past 20 years, in addition to being one of the most successful. OK, sidebar over.
IDEA v/ EXECUTION
I think about this idea v/ execution tension a lot, actually. In my day job running fate v/ future, I work with a lot of early stage founders who are writing pitch decks, or working through things like their ideal marketing approach and budget, or their brand/go to market strategies.
Itâs all very top of mind for me right now, especially as my own firm runs through its own 2024 strategy, all of which is why I was intrigued by this little nugget I found in Houck's Newsletter, a tactical email offering startup advice âfrom an a16z-backed founder.â
Hereâs Michael Houck, writing about and then quoting Sam Altman, CEO of ChatGPT parent company OpenAI:
"On Saturday I wrote about how well Sam handled the OpenAI crisis. It was a masterclass in controlling the narrative that so many founders can learn from.
Samâs seen many founders through the years after leading Y Combinator and founding Hydrazine, among his other projects. Hereâs his list of traits that founders should have if they want to dominate an industry:
'The main question I ask myself when I meet a founder is if I'd work for that person. The second question I ask myself if I can imagine them taking over their industry.
I look for founders who are scrappy and formidable at the same time (a rarer combination than it sounds); mission oriented, obsessed with their companies, relentless, and determined; extremely smart (necessary, but certainly not sufficient); decisive, fast-moving, and willful; courageous, high-conviction, and willing to be misunderstood; strong communicators and infectious evangelists; and capable of being tough and ambitious.'
What I find interesting is what he didnât say.
He didnât say he looks for second time founders, or technical co-founders, or founders who live in a specific city (though he has said that you should be willing to move), or are going after a particular market. Just be resilient, mission-oriented, and decisive â if you have that, youâve got the most of what it takes to be a founder."
OK, WHATâS THE POINT HERE?
In startupland, ideas tend to come and go with passing trends. In this context, Altmanâs words really land.
Itâs tempting to think that the âideal founderâ must be technical in some way shape or form, or an accomplished entrepreneur, or from Silicon Valley.
But thatâs not what Altman's criteria is. And he knows a thing or two about founders; the firm he headed before OpenAI, Y Combinator, is the worldâs most famous startup incubator.
Altman doesnât look for repeat founders. He doesnât seem to care about technical prowess.
He doesnât even mention ideas at all!
What he does look for bears repeating. The main question Altman asks himself is âwould I work for that person?â
What an incredibly simple litmus test for a founder. And while the answer obviously depends on a lot of attributes, including the ones (scrappiness, courage, etc.) that Altman mentions, last I checked, you donât need a degree, or any experience even, for any of them.
In the last issue, I wrote about charisma, and how it actually comes down to a simple combination of warmth x competence.
That point seems salient here as well.
If you are pondering any entrepreneurial journey, itâs not about your idea. Itâs about your execution. And the most important thing you can execute?
Be kind of person that people want to work for.
If you are, you're further along on the path to startup success than you might think.
Donât take my word for it, take Sam Altmanâs.
More:
What Sam Altman looks for in founders »»
Steve Jobs introduces âThink Differentâ »»
Written by Jon Kallus. Thanks for reading.
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