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The Business of Fashion Podcast

StockX Co-Founder on Luxury as the Next Stock Market of Things | BoF VOICES

The Business of Fashion Podcast

The Business of Fashion

Fashion & Beauty, Business, Arts

4.6770 Ratings

🗓️ 15 April 2019

⏱️ 12 minutes

🧾️ Download transcript

Summary

The co-founder of the online sneaker marketplace explains why luxury is the perfect new frontier for expansion beyond footwear and streetwear.

To watch Josh's talk at VOICES 2018 click here.  

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Transcript

Click on a timestamp to play from that location

0:00.0

Hi everyone, this is Imran Ahmed, founder and CEO of the Business of Fashion, and welcome to the BOF podcast.

0:10.0

A few weeks before Voices 2018, a young guy showed up at my office for an appointment, dressed in a hoodie and sneakers, to talk passionately about the business he founded,

0:22.2

Stock X, an online marketplace that enables the buying and selling of high-demand consumer products.

0:28.6

As someone who has collected sneakers for more than 30 years,

0:32.1

Josh Luber understands the inherent long-term value in these products,

0:36.1

and he created a platform that connects buyers and

0:38.9

sellers using the same method as the world's stock markets. I instantly knew this was someone

0:44.1

we should have at Voices, and miraculously, Josh's schedule was free, and he agreed to fly over

0:49.9

from his native Detroit to answer the question, is luxury next on the stock market of things?

0:56.2

Here's Josh Luber at Voices 2018.

1:01.1

I just want to preface this by I am like the lighthearted break.

1:05.9

Everything has been so unbelievable and powerful.

1:08.4

This is not that.

1:11.9

How I got here, so Carly is a friend and investor, and about a month ago, she said, you

1:18.9

should meet Imran.

1:19.9

And I didn't get through 15 minutes of explaining what we do, and he's like, you've got

1:22.9

to come to voices, so I'm here.

1:26.2

To be fair though, we did change my entire presentation because we didn't want this to be too

1:32.3

commercial, but it's unbelievable to sit here for the past day and see the unbelievable speakers

1:40.3

and topics and all that.

1:42.3

And so what we did was we said, I literally, this is true, I changed my whole deck,

1:48.0

and I just put in random pictures from my phone.

...

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