StockX co-founder Josh Luber joins Social Leverage’s Howard Lindzon for another episode of Investing for Profit and Joy. You could not find a better spokesperson than Josh when it comes to the ethos for this show. Josh has been collecting sneakers since he was 8 years old; it was the only thing he cared about. Now, he has turned his love for sneakers and a fun hobby into a billion-dollar business (and he’s got the sneaker wall to prove it).Image Source: New York Times
StockX is the first of its kind. But, it’s founded on a not-so-new concept — the stock market.
In an interview with British GQ, Josh said “we’ve literally taken the stock market and applied it from financial assets to consumer goods. We didn’t make any of this up. All we’ve done, every step of the way, is just copy how the stock market works.”
Josh co-founded the Detroit-based company in 2016, and it now has a $1 billion-plus valuation. StockX is a stock market for everything from sneakers to streetwear to collectables where customers participate in a live ‘bid/ask’ marketplace. Profits happen in seconds. StockX is basically like eBay’s cool older brother.
Josh has an incredible product, company and story — all of which Howard dives into on this episode. In this episode of Investing for Profit and Joy, Howard and Josh talk about the resale business, the regrowth of the collectables market, investing in everything from sneakers to Pokémon cards, how he built his company from just a side project during his time at IBM, his tips for success and more.
Check out the full video:https://youtu.be/uqWLt0sNF8E
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The post How StockX Co-founder Josh Luber Turned His Childhood Love of Sneakers into a Billion-Dollar Company appeared first on Bullish.