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Business of HYPE

Josh Luber of StockX

Business of HYPE

HYPEBEAST

Society & Culture

4.8789 Ratings

🗓️ 26 August 2018

⏱️ 79 minutes

🧾️ Download transcript

Summary

Josh Luber, CEO and Co-Founder of StockX details the rise of his unique business, a story, as he often tells it, of serendipity. As you’ll discover however, StockX was built on nothing short of hard work and sacrifice. 

As always, thank you for tuning into HYPEBEAST Radio and Business of HYPE. Please don't forget to rate, comment and subscribe to our other shows MIC/LINE, The Anthropology, The HYPE Report and HYPETALKS.

Transcript

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0:00.0

From Hype Beast Radio, I'm Jeff Staples, and this is the Business of Hype, a show about creative entrepreneurs, brand builders, innovators, and the realities behind the dreams they've built.

0:16.1

One of the things I find most interesting about life is how easily us humans adapt and just get used

0:22.4

to things. How did we get to this point? Were the things we put on our feet to protect us

0:27.7

from the ground, the things that we're supposed to essentially wear to destroy, how did these

0:32.8

things now have value? When I was a kid, no one in my family, my school, nor my circle of friends

0:39.5

understood my fascination for kicks. And now, just a few years later, people line up for days

0:45.4

to get certain shoes. People pay two times, three times, ten times retail for kicks. And now,

0:52.3

this so-called underground subculture has spawned the need for an

0:56.3

official 24-7 constantly updated stock market to tell us the true mathematical value for every

1:03.6

sneaker ever made. How the hell did we get here? Well, that discussion is a topic I'd love to have

1:10.1

on a future episode, but for now,

1:12.2

what I'm interested in is having this conversation with the person who thought it would be a good

1:15.9

idea to have this stock market. Enter Josh Looper of Stock X. So while the concept of a stock market

1:23.2

might seem a bit complicated, the foundation of it is really all about supply versus demand.

1:29.3

And whether we trade commodities on Wall Street or Yeezys on eBay, we all innately understand

1:34.5

the fundamental principles of this. And while the basic premise is easy, now try to actually

1:40.4

make that into a fully functioning business. It's not so simple. Josh and I sit

1:45.9

down and discuss how his fascination for data and kicks created an entirely new chapter

1:51.7

for his life. StockX is the world's first stock market of things. That doesn't exist. StockX

1:59.6

is a marketplace.

2:04.0

In a lot of ways, like eBay, we connect buyers and sellers.

2:07.3

But the way that we connect buyers and sellers is completely unique.

...

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