stock exchange for sneakers
Shaan marvels at Dan Gilbert, owner of the Cleveland Cavaliers and Quicken Loans, who noticed his kids were obsessed with sneakers and helped turn a sneaker store into StockX, a stock exchange for shoes that became a billion-dollar company.
“the other company that Dan Gilbert started or helped start was StockX, which is a billion dollar, uh, what do you, uh, eBay for sneakers basically.”
Sam notes that as of recording, the sneaker resale marketplace StockX is valued at $2.5 billion after a fresh fundraise.
“As of today, it's a $2.5 billion company. They just raised more money.”
Pointing at the dated ha.com, Shaan pitches making a slick, mobile-only marketplace — like GOAT or StockX did for sneakers — for movie posters, coins, or other rare collectibles, where fanatical demand already exists and only the modern interface is missing.
“I wonder if you could do that in pick your favorite movie posters, coins, whatever. Clearly there's a lot of demand and it's just about making sort of a modern-day marketplace. Because if you go to this HA.com, it literally looks like— how old is it?”
Steal thisTake a category with fanatical buyers but an ancient web experience and rebuild it as a slick mobile-only marketplace.