Deshpande contrasted this with the mindset required to establish long-term firms, saying, “Founders (at least good ones building anything meaningful) understand this is a game of decades.” They can’t afford to be diverted by the here-and-now nonsense of social media.”
He questioned the viability of influencer-driven firms, particularly those influenced by Western success tales. “They’ve been taken for a ride by Mr Beast, Logan Paul, and Kylie Jenner-type aberrations from the West, who pump false printed dollar-value into non-COGS elements of businesses,” he said, quoting brand strategist Adheet Gogate.
Deshpande also expected a reality check for influencer-driven companies, citing emerging market conditions. “All of this will be shaken down by China, as we’re already seeing,” he warned, without mentioning any specific examples or markets.