Jake Plonskier - Founder of Watches.io
The Casey Adams Show
Listener.com Podcast Network
4.8 • 637 Ratings
🗓️ 5 March 2024
⏱️ 53 minutes
🧾️ Download transcript
Summary
Jake Plonskier, co-founder of watches.io, discusses the platform's unique approach to the watch industry. Watches.io aims to provide an investment asset perspective, allowing users to make data-driven decisions when buying and selling watches. Jake shares his personal journey in the watch industry, from his first watch purchase to his passion for craftsmanship and the investment potential of watches. He also explains the concept of watch-backed NFTs and the future vision for watches.io as a marketplace and analytics platform. Early user feedback has been positive, with excitement around the platform's uniqueness and potential. In this conversation, Jake Plonskier, the co-founder of Watches.io, discusses the future of luxury watch trading and the potential for financial products built on top of assets like watches. He emphasizes the emotional experience of buying a luxury watch and how it can never be replaced by digital platforms. Jake also talks about the importance of building a strong team and the evolution of his own team at Watches.io. He shares advice for those building in the crypto space, highlighting the disruptive potential of crypto and the importance of mindset and alignment. Finally, Jake expresses his excitement for the launch of Watches.io's exchange and the positive impact it can have on the watch industry.
Takeaways
- Watches.io offers a game-changing platform that provides an investment asset perspective for buying and selling watches.
- The platform allows users to make data-driven decisions and view watches as potential investments or assets.
- Watch-backed NFTs are a unique feature of watches.io, allowing users to own an NFT that represents a physical watch stored in a secure vault.
- Early user feedback has been positive, with excitement around the platform's uniqueness and potential. The emotional experience of buying a luxury watch should never be replaced by digital platforms.
- Building a strong and trusted team is crucial for the success of a startup.
Chapters
00:00 Introduction and Overview of watches.io
01:09 The Investment Perspective of Watches.io
03:00 The Significance of the First Watch Purchase
04:00 The Evolution of the Meaning of Watches
06:41 Introduction to the Mad One Red Watch
08:09 Background and Career Endeavors
11:44 Transition from Horace Straps to watches.io
16:30 The Ideation and Rebranding of watches.io
20:49 The Vision for watches.io and the Marketplace
25:40 The Creation of the Horodex Marketplace
29:46 User Experience and Early Feedback
37:43 The Future of Luxury Watch Trading
40:41 Building the Team
44:44 Advice for Building in the Crypto Space
50:48 Excitement for the Future
Transcript
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| 0:00.9 | Welcome back to the Casey Adams Show. Today I am joined by Jake Plonskier, the co-founder of watches.io. |
| 0:09.1 | Jake, thanks so much for coming on today. |
| 0:11.0 | Thank you for having me. Excited to be here. |
| 0:13.3 | Of course, man. So it's so great. I think we initially connected on Instagram. |
| 0:16.9 | I saw that you had the handle at Watches. And then I looked more into the platform. |
| 0:22.5 | We connected. And it's so cool to see what you and the team have built thus far. And quite |
| 0:28.1 | frankly, just understanding your background and seeing the passion for watches outside of the |
| 0:32.9 | platform is just so cool to see. But for those that may not know what watches.io is, would love to you, |
| 0:39.2 | would love to have you give some context before we dive in. Definitely. So watches Io, |
| 0:45.5 | I view it as a pretty game changing platform. A lot of the websites to buy watches online or |
| 0:53.4 | just interact with the watch industry. |
| 0:56.0 | Currently, you know, they feel like luxury marketplaces, a place that you can go and buy your next beautiful luxury watch. |
| 1:03.6 | And like, you know, when it arrives, it's going to look so great on your wrist. |
| 1:07.6 | Watchers eye takes a different approach. |
| 1:09.8 | We try to, you know, bucket watches into this investment asset perspective that you're buying something that is going to potentially go up in value or be a store of value or could be used in some sort of, you know, financial defy protocol, which is, you know, later in the conversation, |
| 1:29.1 | but trying to let users feel like they're on Robin Hood, you know, make a data-driven decision |
| 1:34.1 | when they buy into the watch, less emotional. So that's kind of a watches I.O. It's an analytics |
| 1:39.5 | platform and a trading exchange to buy and sell watches. I love that. So what was the first watch that you bought or the, |
| 1:48.1 | the watch that got you into this whole space in terms of the passion and just the love |
| 1:54.5 | for watches and the craft? |
| 1:57.3 | What was that moment for you? |
| 1:59.1 | That's a good question, actually. |
... |
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