Marketing Novelty Decay

Marketing tactics are perishable: once a channel works, everyone copies it and audiences go blind to it, so durable growth comes from being different rather than from any fixed playbook.

Tactics are perishable

Brian Chesky argues that marketing tactics decay: once a channel demonstrably works, everyone copies it, audiences tune it out, and the tactic stops being the thing that drives outsized growth. "Anything that is standard is probably stale."1 He suggests the CMO may be Silicon Valley's highest-turnover executive role, not because marketers fail but because what works in marketing changes every few years, so any given playbook goes out of date. The mechanism he names is banner blindness: "after you see something over and over, you tend to be blind to it." Influencer marketing worked spectacularly until everyone did it, at which point a new tactic was needed.

Chesky is careful about what decays. Channels do not disappear; their magic does. Billboards, ads, and influencers still function as table stakes, and he concedes advertising "works better on us than we admit," with Airbnb spending roughly a billion dollars a year. What they stop being is the lever where doing the thing makes you grow like crazy. The returns migrate to novelty. Airbnb's highest-return marketing has been the unexpected kind, such as turning a real Malibu house into the Barbie movie's DreamHouse, which the whole internet discussed and which beat any paid placement. But novelty is single-use, which is why he notes Red Bull never repeated its space jump.

The operator's version of the curve

Karim Atiyeh, a co-founder of Eric Glyman's company Ramp, gives the practitioner's account of the same decay curve. In paid and social, "you get a lot of patterns that work incredibly effectively for a very short period of time and stop working," so the job is to be at the forefront of a tactic until all the alpha is competed away.2 His cleanest case is a platform shift. When Facebook introduced auto-playing video ads with sound around 2014, users disliked them, so Facebook muted them by default and video-ad effectiveness dropped, which made the inventory cheaper. The new winning format was video legible without sound. At his earlier company Paribus, Atiyeh and Glyman ran a banana-costume ad engineered to read silently; it worked very well for three or four months, then stopped. His modern instance is launch-video slop: launch videos had huge reach when they were novel, and now that anything with ten thousand dollars of funding has one, he will not watch a single one.

Atiyeh extends the principle past paid into organic, noting that search engines periodically re-weight toward fast-loading, mobile-friendly sites, so speed of adaptation, not any one tactic, is the durable skill. This pairs with fix the system not the creative, a fast system for generating fresh angles, and with performance marketing as arbitrage, where the alpha is a temporary edge that gets competed away.

Where the alpha is and is not

George Bonaci, who leads growth at Ramp, gives the acquisition-side version, and his seeking alpha in growth is this concept run forward: reach a channel before its alpha is gone.3 His channel reads are decay-curve snapshots. The first-mover window was intact when TikTok launched with no B2B advertisers, and direct mail was alpha because no one was doing it. He rates B2B influencer content and display advertising underrated because the alpha is still available, and paid search saturated, "a tax to Google" that everyone uses because they have to.

Why it matters, and its limits

The principle describes attention as an adversarial, decaying resource, which explains why durable marketing advantage cannot be bought with a fixed playbook and why imitation guarantees diminishing returns. It connects to the saturate the winning channel rule, since novelty before decay is exactly what is worth saturating fast. It also complicates the opposite force, brand as familiarity priming, where repetition builds belief; the reconciliation offered is that a familiar message with novel delivery is what compounds. The limits are real. Chesky admits standard channels still work, so the rule concerns marginal return, not zero effect, and the memorable stunts are remembered because they worked, leaving the base rate of failed stunts invisible.

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References

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    The Anatomy of Ramp's Hyper-Growth (Karim Atiyeh, Invest Like the Best)

    Karim Atiyeh, interviewed by Patrick O'Shaughnessy · interview · 2026

  3. 03

    George Bonaci, VP of Growth at Ramp (20VC)

    George Bonaci, interviewed by Harry Stebbings · podcast

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