Storytelling, Data, and Experimentation Drive Modern Brand Success - Episode Hero Image

Storytelling, Data, and Experimentation Drive Modern Brand Success

Original Title:

TL;DR

  • Yahoo maintains a massive audience, with 90% of the US internet population visiting monthly, including nearly 50% Gen Z and millennials, demonstrating sustained relevance beyond its peak 2000s presence.
  • Yahoo's DSP wins 90% of head-to-head competitions against other platforms, driven by its differentiated storytelling and unique first-party data from search, mail, and content.
  • Storytelling shapes and transforms memories, making them unforgettable and creating collective memory that extends marketing campaign impact beyond immediate attendees through scaled digital channels.
  • DoorDash's growth equation of selection multiplied by quality enabled expansion from restaurant delivery to five global businesses, servicing hundreds of thousands of small businesses.
  • Shared experiences among early employees who navigate extreme challenges and successes create a unique collective energy, fostering belief that an "acorn can become a redwood."
  • DoorDash's ad business aligns incentives through a CPA-based model, ensuring relevant consumer moments and driving advertiser conversion by focusing on the right person at the right time.
  • L'Oréal's guerrilla marketing approach, exemplified by the "Saravee" campaign, leverages disruptive storytelling and imagination to capture attention in the crowded attention economy.
  • Fiametta's "little fiery one" branding targets individuals who reject seasonal trends and traditional norms, positioning jewelry as a declaration of identity and intent rather than mere adornment.

Deep Dive

This episode of Wharton Marketing Matters highlights how established brands like Yahoo and emerging ones like Fiametta, alongside disruptors like DoorDash and L'Oréal, are navigating the evolving marketing landscape through data-driven creativity, strategic storytelling, and bold experimentation. The discussion underscores that success hinges not just on product or service, but on building resonant narratives that connect with consumers on a deeper level, fostering memorable experiences and shaping perceptions of identity and value.

Yahoo, despite its legacy, demonstrates continued relevance by reaching a significant portion of the U.S. internet population, including Gen Z and millennials, through its diverse portfolio of brands like Finance and Sports. Shannon Shae Montoya emphasizes Yahoo's focus on product innovation and its B2B marketing efforts, particularly its top-rated Demand-Side Platform (DSP), which trades "attention" akin to stock market transactions. The implication is that Yahoo leverages its vast first-party data and broad reach to offer advertisers a unique way to connect with audiences, differentiating itself through compelling storytelling that transforms memories into collective experiences, thereby driving consumer action.

DoorDash's journey, as described by Toby Espinosa, illustrates the power of shared vision and persistent execution in building a massive business from humble beginnings. Starting with just restaurant delivery, DoorDash has expanded globally by focusing on selection and quality, creating a complex logistics network. The core implication is that DoorDash's success, particularly in its advertising business, is built on aligning incentives between advertisers and consumers. By prioritizing relevant consumer moments and conversion-based models, DoorDash's ad platform drives incremental business for advertisers, such as Unilever's ice cream unit, by targeting consumers at opportune times, like late nights for impulse purchases. Furthermore, DoorDash is actively exploring artificial intelligence to enhance its core offerings and develop new businesses, positioning itself as an "aircraft carrier" creating its own waves of innovation.

Adam Kornblum of L'Oréal showcases how disruptive, guerrilla marketing and imaginative storytelling can drive significant engagement, even for large, established brands. By creating fictitious narratives, such as Michael Sarah "developing" the skincare brand La Roche-Posay's SVRÉ, L'Oréal captures attention in a crowded "attention economy." The second-order implication is that these creative, often non-traditional approaches, when rooted in a strong understanding of consumer desire for stories and identity connection, can generate massive organic engagement and brand buzz, proving that imagination can indeed meet budget to create outsized impact. This philosophy extends to revitalizing heritage products like "Juicy Tubes" by connecting them to nostalgic cultural moments and unexpected spokespeople, demonstrating that even established brands need to continuously reinvent their narrative.

Meryl Hollander's Fiametta brand exemplifies how a new entrant can identify and capitalize on market gaps by challenging traditional industry norms. By focusing on lab-grown diamonds, Fiametta addresses growing consumer demand for sustainability and ethical sourcing, while also offering design-focused pieces that resonate beyond conventional, heteronormative marketing. The core implication is that Fiametta's positioning as a "little fiery one" speaks to individuals who see jewelry not merely as adornment, but as a declaration of identity and intent, empowering self-purchase and celebrating non-traditional moments. This approach allows Fiametta to build a brand that reflects the values of its target audience, creating enduring pieces that transcend seasonal trends.

The overarching takeaway from these discussions is that in today's marketing environment, authenticity, compelling storytelling, and a deep understanding of consumer psychology are paramount. Whether revitalizing an old brand, building a new empire, or launching a niche product, the ability to create memorable experiences and narratives that resonate with individual and collective identity is the key to driving engagement, loyalty, and ultimately, business success.

Action Items

  • Audit Yahoo's B2B marketing narrative: Identify 3-5 key differentiators for Yahoo Ads and Yahoo DSP, focusing on first-party data utilization.
  • Analyze DoorDash's ad business architecture: Document the CPA-based model's impact on consumer relevance and advertiser conversion for 3-5 core use cases.
  • Create L'Oréal's guerrilla marketing playbook: Define 5-7 principles for disruptive storytelling and buzz generation, applicable to brands of varying budgets.
  • Measure Fiametta's brand resonance: Track engagement metrics for 3-5 non-traditional marketing initiatives targeting identity and intent-driven consumers.

Key Quotes

"yahoo we're actually celebrating our 30th anniversary this year which is really exciting and um you know yahoo is still a top five internet property 90 of the us internet population comes to yahoo every month so that's nine in 10 people come to yahoo every month that does surprise me a massive audience and out of that nearly 50 of unique visitors to yahoo are gen z and millennials so also a younger user base as well"

Shannon Shae Montoya highlights that Yahoo, despite perceptions, remains a significant internet property with a large monthly user base, including a substantial portion of Gen Z and millennials. This indicates the brand's continued relevance and reach among younger demographics.


"and so what i oversee is a lot of our business marketing that is to connect to those advertisers and where i come into play is really you know what's important is really differentiating differentiating both our ads offering or yahoo ads offering and our yahoo dsp offering which is it is the number one rated dsp amongst our customers and to also head to head competition against other dsps the yahoo dsp wins 90 of the time"

Shannon Shae Montoya explains her role in marketing Yahoo's advertising offerings, emphasizing the competitive advantage of their Demand-Side Platform (DSP). The statistic that the Yahoo DSP wins 90% of head-to-head competitions underscores its perceived superiority by customers.


"and what storytelling does is storytelling can then shape and transform that memory to make it even more impactful so what would have been just a sort of normal memory makes it something that's absolutely unforgettable and then what i love about that is you take it a step further and think about some of the work that we're doing those shared stories then become collective memory right and so all of a sudden what you've done within that marketing campaign or event or live experience extends beyond the people even that are within that room"

Shannon Shae Montoya elaborates on the power of storytelling, explaining that it transforms ordinary memories into unforgettable experiences. She further notes that these shared stories contribute to collective memory, extending the impact of marketing campaigns beyond immediate participants.


"and so i think you know the world that we were living in then was one where mobile phones were a brand new thing i remember sitting with a bunch of restaurant customers you know if you think about the doordash core business our original core business was restaurant delivery what that meant was we got a lot of local restaurants and national restaurant chains put it on a website or as you said our mobile application and we allowed consumers to order for a small fee and get that product delivered to them and in the background was this very complex logistics network of of amazing dashers who would go and pick up the product and deliver it"

Toby Espinosa describes the early days of DoorDash, highlighting the nascent state of mobile technology and the company's foundational business model of connecting local and national restaurants with consumers for delivery. He emphasizes the complex logistics network of "dashers" that enabled this service.


"but i think there's kind of two modes that silicon valley is very famous for one is failure so abject go to zero and the other is google's meta these massive massive massive businesses where if you are the average employee not someone who was there in the very early days but you're the average employee at one of these large large businesses life is not that difficult this thing kind of grows itself you show up to work you you do it and you kind of leave and so you have these two extremes one is that life is impossible that trying to create something from scratch ends in failure and the other is that life is extremely simple and easy and this valley is filled with those two mental models in the middle of this valley the truth which is that the shared experience that creates what i think of as the greatest entrepreneurs and companies is one where like i said you have a group of people that sees the following experience that it's really really really hard to create something great but it's possible"

Toby Espinosa contrasts the extreme perceptions of Silicon Valley businesses--either complete failure or effortless success in large companies--with the reality of building great companies. He posits that the truth lies in the shared experience of a core group that understands the immense difficulty but ultimate possibility of creating something significant.


"and then now they have power to be able to avoid proactively messages and advertising that they don't want to see so how do you talk us through this relevancy idea and how it is operationalized in the context of the architecture for the ad business and why it's and why what you're doing is different from what competitive let's say businesses maybe trying to do in terms of competing with you"

Toby Espinosa addresses the challenge of consumer ad avoidance and explains how DoorDash operationalizes relevancy within its advertising business architecture. He frames this as a key differentiator from competitors, implying their approach is more effective in engaging consumers.


"and i think that that's the really the goal and what's cool about you is that even though you have a what looks on paper like a pretty traditional background you came to it in different ways like for instance before you got here at l'oréal you were at ogilvy which is one of the biggest advertising agencies in the world and i would think you know traditional marketing that's ogilvy but that's not how you got to ogilvy right you came through a different door"

Americus Reed highlights Adam Kornblum's unconventional path into marketing, noting that despite a seemingly traditional background and experience at a major agency like Ogilvy, Kornblum's entry into the field was through a different, less conventional route. This suggests a unique perspective on creativity and disruption.


"and i think that that's the really the goal and what's cool about you is that even though you have a what looks on paper like a pretty traditional background you came to it in different ways like for instance before you got here at l'oréal you were at ogilvy which is one of the biggest advertising agencies in the world and i would think you know traditional marketing that's ogilvy but that's not how you got to ogilvy right you came through a different door"

Americus Reed highlights Adam Kornblum's unconventional path into marketing, noting that despite a seemingly traditional background and experience at a major agency like Ogilvy, Kornblum's entry into the field was through a different, less conventional route. This suggests a unique perspective on creativity and disruption.


"and so i create this fictitious billionaire build all these websites hack google at the time if you googled monopoly found like this billionaire trying to save the credit crisis you know and amassed millions of followers myspace was big at the time so this is like a hot minute ago yeah and the ceo of hasbro gets wind of the billionaire this was on purpose this fake billionaire yes he was so but they and did you answer the phone like as the fake billionaire so yeah actually the fake billionaire actually had a personal assistant you know so it was like a universe it was just me and my best friend but like we just went down this hole like the personal assistant's name was jamie sky with two

Resources

External Resources

Books

  • "The Undoing Project" by Michael Lewis - Mentioned in relation to behavioral economics and the work of Danny Kahneman and Amos Tversky.

Articles & Papers

  • "The Undoing Project" (Source not specified) - Mentioned in relation to behavioral economics and the work of Danny Kahneman and Amos Tversky.

People

  • Adam Kornblum - Chief Creative Officer at L'Oréal, discussed for his role in driving disruptive creativity and starting the first in-house guerrilla marketing creative agency.
  • Amos Tversky - Mentioned in relation to behavioral economics and the work of Danny Kahneman.
  • Barbara Kahn - Co-host of Marketing Matters, Professor of Marketing at the Wharton School.
  • Charles Wang - Co-founder of Computer Associates, mentioned for a business meeting with Adam Kornblum.
  • Danny Kahneman - Mentioned in relation to behavioral economics and the work of Amos Tversky.
  • Don Valentine - Sequoia Capital, mentioned for his ideas on large companies creating waves.
  • Marty Bell - Founder of Poolsuite, partnered with Yahoo for a South by Southwest experience.
  • Merill Hollander - Founder of Fiametta, discussed for her contemporary fine jewelry brand.
  • Michael Sarah - Actor, discussed in relation to the L'Oréal Saravee campaign.
  • Toby Espinosa - Vice President of Ads at DoorDash, discussed for his journey and the evolution of DoorDash's advertising business.
  • Tony Xu - Founder and CEO of DoorDash, mentioned for his role in founding the company and using a Square reader.

Organizations & Institutions

  • American Express - Mentioned in relation to a credit card game concept.
  • DoorDash - Discussed for its evolution, advertising business, and use of AI.
  • Fiametta - Contemporary fine jewelry brand founded by Merill Hollander.
  • Hasbro - Mentioned in relation to the "Game of Life" debit card game.
  • L'Oréal - Discussed for its brands and marketing strategies, including the Saravee campaign.
  • Moda Operandi - Online luxury retailer where Fiametta is featured.
  • Ogilvy - Advertising agency where Adam Kornblum previously worked.
  • Poolsuite - Company founded by Marty Bell, partnered with Yahoo.
  • Resy - Mentioned as having interviewed a chef from Unapologetic Foods.
  • Sequoia Capital - Mentioned in relation to Don Valentine's ideas.
  • Square - Mentioned for its payment reader technology used by DoorDash.
  • Tory Burch - Mentioned for Merill Hollander's internship in sustainability.
  • Unilever - Mentioned for its ice cream business and use of DoorDash targeting services.
  • Visa - Mentioned in relation to a "Game of Life" debit card game.
  • Wharton School - Mentioned as the institution for Marketing Matters podcast and MBA programs.
  • Yahoo - Discussed for its brand, audience, products, and advertising offerings.

Podcasts & Audio

  • Marketing Matters - Podcast on the Wharton Podcast Network.

Other Resources

  • DSP (Demand Side Platform) - Explained as a platform for trading attention in digital marketing, compared to the stock market.
  • Fiametta (meaning "little fiery one") - Name of Merill Hollander's jewelry brand, with dual meaning related to diamonds and the brand's target customer.
  • Guerrilla marketing - Discussed as a disruptive, buzz-driving marketing tactic, particularly for large companies.
  • Juicy Tubes - Lip gloss product from the 2000s, discussed for its revival and marketing strategy.
  • Lab-grown diamonds - Discussed as a chemically identical alternative to natural diamonds with fewer human and environmental concerns.
  • Retail media - Mentioned as a shaping force in the future of marketing.
  • Saravee - L'Oréal skincare product, discussed for its marketing campaign involving Michael Sarah.
  • Storytelling - Discussed as a key element in marketing for shaping memory and creating impact.

---
Handpicked links, AI-assisted summaries. Human judgment, machine efficiency.
This content is a personally curated review and synopsis derived from the original podcast episode.