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Building an Innovation Bridge with Jason Feifer

a16z2023-03-04
1K views|1 years ago
💫 Short Summary

The video discusses the importance of framing new concepts in familiar terms to make them more appealing, using examples from the auto industry, product marketing, and the elevator industry. It highlights the need for innovators to bridge familiarity gaps and meet user expectations to drive acceptance and success. By addressing emotional connections, fears, and perceptions, companies can shift consumer attitudes towards new technologies and products effectively.

✨ Highlights
📊 Transcript
Shift in Advertising Strategy from Horses to Cars.
00:58
People initially resisted cars due to their emotional connection to horses as part of their families.
The auto industry changed their approach by portraying cars as a better version of horses, leading to the popularization of terms like horsepower.
Naming cars after horses and fostering a sense of familiarity and respect helped in the acceptance of cars.
Innovators should focus on building bridges of familiarity and gradually introduce new concepts to the public.
Importance of framing new concepts in familiar terms for consumer understanding.
03:37
Example of a company changing product name from 'chicken chips' to 'protein chips' to increase sales.
Addressing familiarity gap and simplifying explanation of new technologies like AI and decentralized systems.
Reframing ideas to reduce fears and negative perceptions, such as with artificial intelligence and electric vehicles.
Importance of addressing user reluctance towards automatic elevators in the elevator industry.
06:59
Fear-mongering campaigns by elevator operator unions due to lack of human operator in automatic elevators.
Addition of a soothing female voice to automatic elevators to improve user comfort and provide a sense of human touch.
Parallels drawn with adding familiar sounds to electric cars or engineering potato chips for specific textures to signal quality.
Emphasizing the importance of understanding and meeting user expectations for product acceptance and success.