How Aggregators Are Replacing Brands [Tweetstorm]

Written by lijin | Published 2020/05/06
Tech Story Tags: venture-capital | startups | hackernoon-top-story | li-jin | vc | marketplace | passion-economy | aggregator

TLDR Consumers increasingly trust Amazon, Stitchfix, and other aggregators to sort and surface the best products. This means the algorithm is the new consumer brand–signaling trust and quality. Brands used to play an important role in an offline world with limited access to information, acting as a proxy for preference, functionality, and quality. “Amazon’s Choice” or “recommended for you” fill the same need that brands used to, giving us confidence that we will like something. It's also happening in categories where brand used to really matter.via the TL;DR App

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Written by lijin | I am a founder and Managing Partner at Atelier, an early-stage VC firm.
Published by HackerNoon on 2020/05/06