Suggestions
Kyle Westaway
Startup Attorney with 15 years of experience
Kyle Westaway is the Managing Partner of Westaway, a law firm specifically designed to support startups. He founded the firm to address the unique legal needs of early-stage entrepreneurs, drawing from his own experience as a co-founder of a startup in 2007. Frustrated by traditional law firms that operated on outdated models, Westaway established Westaway to provide a more founder-friendly approach, emphasizing transparency and efficiency in legal services.14
In addition to his role at Westaway, Kyle Westaway is an author and educator. He wrote the book Profit & Purpose, which explores how businesses can balance social impact with profitability. He has also taught courses on social entrepreneurship at prestigious institutions such as Harvard Law School and Cornell Tech, helping to shape the next generation of legal professionals focused on social ventures.235
Westaway contributes to various publications, including Forbes, where he shares insights on entrepreneurship and innovation. He also runs the Weekend Briefing, a newsletter that curates articles on innovation and societal impact, which has garnered a substantial subscriber base.67
Highlights
Gen Z Broke the Marketing Funnel
Over the last few decades, marketers have focused their efforts around the consumer funnel. The potential customer moves through the funnel in the following stages: awareness, interest, desire, action. The funnel was built for the old world, and Gen Z doesn’t live there anymore. Instead, they live in an infinite loop of inspiration, exploration, community and loyalty. Of course the main driver is that Gen Z is spending a ton of time on YouTube and TikTok, and that’s influenced how they make purchasing decisions. As a result, retailers are behaving more like media companies. Surprisingly, despite their reputation as digital natives, Gen Z shoppers still value in-person experiences. Seventy-four percent of Gen Zs think in real life (IRL) experiences are more important than digital ones (compared to 66% of millennials). Though they conduct in-depth research online, 73%of Gen Zs prefer making a purchase in a store while shopping. This article is chocked full of insights and is essential reading for anybody running a consumer-facing brand. Vogue (17 minutes)
In this Week's Founder Fridays we look at how the Dunning-Kruger Effect impacts marketing.
The Dunning-Kruger Effect was first described by psychologists in 1999. One side causes beginners to overestimate their abilities at new skills until attempting them reveals the true difficulty. The other side leads experts to overestimate how much others understand the nuances of their field, using insider jargon that beginners just pretend to grasp. This effect creates overconfidence in novices about their capacities and confusion for experts about explaining concepts clearly. Understanding the dual impacts of Dunning-Kruger helps calibrate both self-assessment and communication to the appropriate level. People often overestimate their abilities. It’s your job as a marketer to move your buyers closer to real understanding with every step of the customer journey.
