Latest / Author Hour / Brand Currency: Steve Susi on Taste, Time, and Why a Human Should Write the Book
Transcript
- speaker-0: Steve, thank you for joining me. speaker-1: Travis, thanks for having me. This is fantastic. speaker-0: So we have a lot to talk about. For one thing, we need to talk about the B, but the other thing is that you wrote a book with Scribe back in 2019 called Brand Currency. And I believe you had three goals in life: live in London, become an executive creative director, and publish a book. So you've done all three now, right? And what I believe you had a A life philosophy that you should always have a big goal or a few big goals. So my big question is since you've achieved all three, what's the next big goal? speaker-1: The next big goal, by the way, when I worked at Amazon, we had this big book room and we were encouraged to go in and take whatever we wanted because it was expensive for the company to recycle or donate. And one book that I grabbed out of the thousands was the happiness of pursuit. And these are big multi ⁓ decade goals. And I thought one to start with is to visit every single museum in Italy. So we are well on our way there. Now it c ⁓ in contrast with say Germany with more than two thousand state recognized museums, Italy has fewer than seven hundred. So it's doable, it's manageable, it's just gonna take many trips and many years. That's what's coming up next after I finish book number two. speaker-0: Excellent, excellent. So you were talking to Javier and you mentioned that you were using the B device to capture your to capture some of your thoughts as you were thinking about them. And I I was thinking about this. So I recall that you said something in your book about how like Amazon was one of the model companies. And now if I recall, I think B got purchased by Amazon. So you are almost literally your partner in writing your book is Amazon with B. And then obviously the sales channel will be Amazon too, right? So like this is a huge full circle moment, I feel like. It is. speaker-1: When I first acquired a B, it had not been purchased by Amazon as a company. And so that enterprise has since gone the way of so many others. And it's an outstanding $50 purchase. It's a one-time shot. You don't pay for model access. And the ability for it to transcribe, even for folks whose first language isn't English, just so they may come with a a heavy accent. The high definition microphones are incredible. And The summaries it generates, takeaways, key events, key actions, it's just beyond. And then what I was telling Javier was that at the end of every day, when you use it, it comes to you with a summary of your day. And it captures both of those in separate folder and foot subfolder con ⁓ constructs, which means you can use them in your AI to build whole compendia about your thoughts around certain subject matters, different work dynamics. It's really taken my work and my personal life actually to an incredibly new and higher level because of the ability to access and analyze thoughts that were once fleeting and they no longer are. They're almost permanent. speaker-0: Javier sold me on it after your call. So I bought one immediately. And I wasn't using it as a book writing partner, but you you summed up one of the things that I just love about it. So I have a seven-year-old, now eight, but we would go on these bike rides at the time that I had received it. And what it would capture about my interactions with my son, and then being able to go back and forth with it and say, hey. For instance, one that I recall is like we were approaching this intersection and I was talking about, you know, this is where things could be really dangerous because that car doesn't actually see you. They're not looking this way. And I would just ask it like, how could I be a better father in that moment? Like, what could I have done better there? Was I too impatient? Was I present in that moment? Having an AI like sitting on your shoulder for those moments, it was so powerful. So thank you for that recommendation. My only the only sad part is. I don't think it's waterproof and I took it swimming and it it didn't survive. speaker-1: well we need the aquatic version. I'm sure Amazon's quickly on its way to developing that product. That's unfortunate, but you're right. Just that what was once considered ephemera in our lifetime's fleeting moments we can now use to to look back thoughtfully on and hopefully make the future a little bit better. So those those those moments are no longer disposable. They can be permanent. speaker-0: Yes, absolutely. So what one of the favorite points that we have or the lessons that we try to to encapsulate in the author hour is what were some of the unexpected great things that happened from your your book back in 2019? Because you were writing about the four currencies and then COVID happened too. So there were a lot of unexpected things during that time. So you can can you kind of take us back to that? speaker-1: Can and the the four currencies really occurred to me during my time at Amazon where I watched that money, information, loyalty, and time were what brands and customers traded in. And the great insight from that era was that whoever mastered all four of those currencies at once was like in the movies when four ancient stones were brought together and it imbued the owner with unspeakable magic powers. And I was firmly convinced in that thesis in 2019, shortly thereafter COVID hit. Now, I mean, I hate to say it this way, but the book coming out right before COVID did two things. Number one, a lot of folks learned to take some downtime, settle, possibly not just work on their mental health, but also catch up on things that they didn't otherwise ha have time to do, spent commuting, et cetera. And so the book actually sold pretty well, and I got a lot of fan interaction, which was unexpected. And so Sometimes a silver lining comes out of something tragic like a like a pandemic. And then the second thing that, you know, well, it's related to that is the book got picked up for Korean translation. And when I saw that other folks halfway around the world were dealing with ⁓ self-same issues that we were here or I was in my own household was was really enlightening. But so much has changed since then. I mean, that that brought us to those moments where we realized. We're not so different around the world. We're all the same and we all suffered some of the same setbacks during the COVID era. And then of course, COVID settles, and right on the heels of it comes AI, which was yet the next great, I would say, ⁓ progenitor. And that's what caused me to start book number two, which is are which is already underway. But the four currencies made a sense for a lot of folks at that time. And then You fast forward to just five years later with the ⁓ with the ⁓ or I'd say three years later with the release of the mainstream GPT and it's all yet changed again. speaker-0: And how are I was fascinated of how you're using AI as a thought partner, you know, because that's something we hear all the time since we're in a creative business. And ⁓ Naval said something on a podcast yesterday that I thought was great. He said, if AI is gonna write your thoughts, then my AI is just gonna read it. If you want me to read it, then a human should write it. But I love how you're using AI as a thought companion. Is from my understanding. You're going back and forth with AI. You're shaping your thoughts. You're capturing it obviously. Can you talk to me about how you're using AI? speaker-1: Absolutely. First, we we started with our training wheels on and started using it as a sort of an A-B message receiver response model, because that's what we've been conditioned to over the decades with search. And over time I started to realize that the smarter it got about me, the more accurate its responses were to. And I'm not saying that it started to appease me. I am saying, though, that it started to respond. with say syntax or presentation in ways that it knew would resonate with me. So what does that tell us about the AI? It's not necessarily about the instructions within the prompt. It's your system instructions or system prompts. So now I use it to challenge me. And it knows enough about me to challenge me so that it's not writing as the podcast guest mentioned, it is simply not going to write my book. I am not interested in it. You want to know why? Because without system prompt or or enterprise, myself being the enterprise, enterprise level instruction, it does not come with encoded discernment, judgment, or taste. And so that's the difference. It's going to play a pretty sizable role in book number two. I can't give you the title because it gives it all away. But taste is the new oil is an article I I wrote recently, and it got a lot of attention because what we're seeing is everybody has the same answers or access to the same. PhD level intelligence, it's what we do with it and the discernment that comes out of it. And so that's where I'm using AI most is to challenge my assumptions and really ensure that I'm hard coding taste into everything that I do. speaker-0: That's fantastic. And you're you're absolutely right. It's that discernment, the editing, the the making what humans do even more human. And the ⁓ that taste, you summed it up perfectly. Please send me that article because I want to read it. I'm I'm embarrassed I haven't read it yet. That that sounds that sounds perfect. I I also wondered about that story. My understanding is in back in 2016, you were in Tokyo. end up getting a standing ovation and it that was the moment. I I went back to your podcast that you had done back I think it was twenty twenty and I think you said at that moment, I'm writing the book, like when you were walking off stage. Yeah. speaker-1: There was a metaphysical mic drop moment there. So I was in London. I was the first executive creative director in Amazon history. And so they moved me from the New York office to London for a few years, where I got to oversee creative operations around the world outside the US. And ⁓ part of my job, a pr pretty sizable chunk of my remit, was to basically fly around the world and sell brand to our Amazon customers who were simply. taking advantage of the Amazon universe to sell products, not to be able to tell brand level stories. And so went to Densu headquarters in Tokyo and the it was a jammed house. I couldn't believe it. There were probably 30 translators on hand. And when I took the took the stage, it was held at wrapped attention. And I tried to make sure that I spoke pretty methodically so that I didn't go with go into New York slang and all of a sudden mess things up for the for the audience. And Evidently it worked, and the translators must have done a fantastic job because it was left with a rousing ovation. And I went, wow, you know, these folks are for coming to us from, you know, agency holding company number four on earth, handling quite a few major clients we don't at Amazon, yet it still got through to them. And I thought, wow, there's something universal here. We all share these ancient traits. What matters most to all people money, information, loyalty, and time. And it seems like Amazon seems to traffic in those better than most. So let me write a book. So Tokyo was kind of that moment, yeah. speaker-0: Yeah, that's amazing. How has social media affected loyalty? speaker-1: You know, it's interesting. The other day, my brother and I had this great conversation about how the word brand and ambassador are starting to fuse together. And we know that the rise of the influencer has changed media buying and me and the media industry. I think it's altered it inextricably, simply because we used to be able to go ahead and find placements and and ⁓ publisher inventory and place our media spend there. And now we're Putting our brands in the hands of influencers and their currency is social. And so social media, I didn't, I honestly did not. I knew it would be powerful, but I had no idea the impact it would have on brand level communications and the loyalty downstream from those communications. So now brands are actually hitching their wagons. Multi-billion dollar multinational brands are hitching their wagons to somebody who. comes up with snarky one-liners and talks about the latest hair curling device. And so social, ⁓ if without social, we wouldn't see this this backing up or this reversal of the the the two-way construct that the web always promised, but now it's most forcefully experienced in social because now I'm in control, buddy. And if you can even place paid media in a social environment, speaker-0: Z speaker-1: And get 0.3% click through, you may as well have won the Olympics. It's impossible. And that's where ⁓ the customer really runs everything. I'm not telling these your audience anything to understand. And that's really the heart of the four currencies. It's I'm gonna spend my time consuming and sharing the kind of information I find valuable. And I may very well spend my money, but my loyalty is gonna go to those folks who give me value for the time that I'm spending in social. And that's buying large influencers. speaker-0: Yeah, that's so right. And ⁓ that's such a good insight too. And it's that trust too, which is about that loyalty too. Like these the especially the my the the younger generation, but really all generations now have those particular influencers that they trust more than particular brands, and then the brands need to associate themselves with the individuals. We're almost back to like personal brands. speaker-1: You know, you're right. And the other day you may have seen this, it it it captured the attention of editors and some pretty major outlets. Tom Brady, what are you doing with your brand? Where he's done some stunts in the last few weeks, namely smacking a UFC fighter across the face on camera. And I'm pretty sure that was a stunt because that guy probably could wipe the floor with Tom Brady. But it's funny, is that now folks that are media personalities or fo or you know that have large followings. And I'm not even talking about the bots that already have large followings, is that they're becoming just as important in the brand value chain as as Procter Gamble is. And so Tom Brady, what are you doing with your brand? Are you hurting your brand? Because now we're looking at Tom Brady as an enterprise. speaker-0: That is yeah, that's very insightful. And you know, my my wife was way earlier into the Kardashian following, and now I look at them as just brilliant, how they associate their their loyalty that they have with their following, and they've been able to translate that into all sorts of different business ventures. Now you're seeing people like Tom Brady even kind of follow that model that it seems like they were a little early on. speaker-1: Yeah, exactly. I mean th you know, he pulls in two hundred and fifty million a year for his Fox NFL contract. Does he need to be doing that? I suppose he should. The yeah, the Kardashians I again, I'll stand here and and say without hesitation, I didn't even come close to recognizing the sheer enormity of their impact. speaker-0: Right, right. And it it is that, you know, it even like right now we're seeing that it's very difficult to get people to recognize a particular brand logo, a company logo, or a company social media. But as soon as you switch that and you even start having the CEO or the founder talk about it, it's way different. It's more personal, it's more relatable. P ⁓ you know, consumers especially want that direct personal connection. with with the person that's actually behind it, not just a logo. speaker-1: Exactly. And you're going to see flesh tone and fingerprints on things more than you ever have, because watch what happens now when someone asks an AI what's the best mattress for a bat back. And the model is just going to generate its answer, no search results and no comparison shopping. And most of the time, no brand names, no logos. So one question, one answer, purchase intent captured, decision made three seconds. And that interaction just spent all four currencies, money, information, loyalty, and time in a prompt. And so if we're going to go to that extreme with a prompt that's going to deliver an answer to a query and it's going to drive me to the product andor service, and there is no flesh tone involved, the influencer may come out on this even more powerful than before simply because we're going to find ways to combine AI with the influencer. I'm sure that somebody somewhere is already well underway in building an influencer-driven AI platform. That's going to be able to make tailored recommendations, not just for the mattress for the person with the bat back, but everything from cars to relationship advice. speaker-0: ⁓ man, that is brilliant. That is brilliant. Yeah, because I mean you could see, for instance, my kid loves Mr. Beast. If there was a search engine where he could just ask, you know, what what Nerf gun does Mr. Beast recommend, that is the first AI that he would look to. speaker-1: You better believe it. I mean, you think about it, that's and that's what I didn't see in 2019. I I gosh, I would like to be able to meet the person who did. Is that AI didn't add a fifth currency, it just compressed the original four into a moment. And whoever owns that moment, Mr. Beast, is the model, the platform, the interface, owns everything downstream. We're talking in orders of magnitude, the power ⁓ of a Mr. Beast. I mean, that person's already a billionaire. But to own the moment in time, those three or four seconds when that machine is exercising brand memory, whatever brands that model trusts wins downstream. And if Mr. Beast is performing the training on those models, game over. speaker-0: Man, and you are a quote machine too. There's so many things that that is perfect. Well, I'm looking forward to your book. Also, how does a book relate to these four things? How does it relate to these? Because, you know, that is I love the Lindy effect that Nasim Taleb talks about. The things that have been around for a hundred years tend to go around ⁓ go on for another hundred years, and we still read books from from from the old. So how does this all fit in? How does the book fit in? To all this. speaker-1: I think we look at these now almost as they're they're now outward status symbols. Whereas before there was something to kill time on the train and to work. And now when someone walks into a home and sees a bookcase full of books, it says, I've invested in this piece of physical matter because it really matters. And so it's not something that I can go ahead and just store on a D base somewhere or because no one can see that. ⁓ I look at these things with pride and I'm gonna hold on to this and hopefully get it signed someday by the author. And so I do believe that it's gonna stick with us for a while. I don't think it's gonna be forever. I don't think during the Star Trek days in you know 2099 we'll be seeing a lot of these, but I think it's gonna be hard to kill. We love touching things. speaker-0: Yeah, that's right. Well, Steve, thank you so much. And we got to do this again. And I'm excited to buy your book when it comes out, your second book when it comes out. So thanks so much for for joining me today. speaker-1: Thanks for having me, Travis. Have a fantastic day and we'll see you soon.