A person who attempts to create a commodity out of "cool" cultural objects and memes resulting in the loss of coolness during the process.

Ex. Ross's line of "Epic" apparel attached a new meaning to the word - mediocre. He is a hipster doofus mogul.

Angelosism from the 21st century. Initially a motivational phrase designed to help people living the hipster doofus lifestyle reach for mogul status. In late 2009, the term was appropriated by hipsters and transformed into a badge of honor.