Businesses, either new or “me-too’s”, set out to fulfill a need in the marketplace. Whoever fills this need in a better way, usually is rewarded with profits for a long time. But, profits does not a sustainable company make. Though this particular story I’m about to tell you doesn’t talk about billions of dollars in revenue being evaporated, it does touch on the illusion of customer loyalty.
About 5 years ago, I started advising and then joined a celebrity baby clothing startup called Tuni&G which has a new line of newborn baby clothes for a boy.…