Matt:

All

Brian:

right, guys, welcome back to sweat equity.

Brian:

We got an awesome guest for you today.

Brian:

This is Matt half Hill.

Brian:

Matt is the founder and CEO of nice kicks.

Brian:

com, a legendary sneakers media publication.

Brian:

They've got over 10 million followers across all the major

Brian:

social platforms reached 30 million people last year in 2023.

Brian:

And that included a visitor from every country in the

Brian:

world, including North Korea.

Brian:

So I think to start it off, like, how'd you, how'd you get in there?

Brian:

Yeah.

Matt:

Well, I mean, I do want to clarify this 30 million each month that

Matt:

we're reaching 30 million each month.

Matt:

Yeah.

Matt:

Golly.

Matt:

Yeah.

Alex:

It's 360 a million a year potentially.

Matt:

Yeah.

Matt:

I mean, it's gonna be some overlap.

Matt:

Fluctuate, but still,

Brian:

let's call it.

Brian:

Yeah.

Brian:

You know, a safe

Matt:

200.

Matt:

Yeah.

Matt:

Safe 200, 500.

Matt:

Yeah.

Matt:

Can have a million, give or take.

Matt:

Yeah.

Matt:

No.

Matt:

It, it, it, it really is incredible to, to see just the number of people who tune

Matt:

in to NICE kicks, not just on the website, which is where we started, but across.

Matt:

All forms of social media, which is really where so much of the growth is.

Brian:

Yeah, absolutely.

Brian:

I used to be one of them.

Brian:

I think I told you that when we, when we first met, we do wrong.

Brian:

He

Matt:

used to be

Brian:

a dude.

Brian:

Well, a topic that we'll talk about later is the decrease in relevance of,

Brian:

you know, the signature athlete today.

Brian:

But back, back when I was in high school, which was like 2010 to 2014 you know,

Brian:

you guys had this segment, which I'm not sure if you still do, but it's called

Brian:

kicks on court and kicks on court was.

Brian:

The only way where if you saw an NBA player had a sneaker

Brian:

that was not sold on nike.

Brian:

com, Kicks Encore would tell you what that sneaker was called so you

Brian:

could look it up from there on out.

Brian:

And maybe, just maybe, they would drop it eventually and so you would

Brian:

kind of be plugged in that way.

Alex:

I feel like my entire childhood was Nice Kicks and Slam.

Alex:

Yeah.

Alex:

Like getting to Slam Magazine and being on NiceKicks.

Alex:

com.

Alex:

Shout out to

Brian:

PRC.

Brian:

I got, that's, that's my dog.

Brian:

He owns Slam.

Brian:

com.

Brian:

Yeah, man, I mean, just like unbelievable how y'all built such a

Brian:

big business and the sneaker world.

Brian:

We'd love to kind of hear just like about the founding story and it

Brian:

sounds like you're tired of paying eBay fees and stuff like that.

Brian:

So,

Matt:

I mean, it's, it's funny.

Matt:

Like when I, when I started out, it was in 2002, I was working at a shoe store at

Matt:

the mall called Athletes World in Canada.

Matt:

And I was buying clearance items and selling them on eBay.

Matt:

And.

Matt:

It was while I was still working there, I was, you know, doing this

Matt:

on the side, a customer walked in wearing a pair of vintage Reeboks.

Matt:

And I asked him like, man, where'd you get those shoes?

Matt:

And he said, I got them on eBay and like light bulb went over my

Matt:

head, like, oh my gosh, he credited the platform, not the seller.

Matt:

And so I knew, well, if I want to build a long term, you

Matt:

know, opportunity of a brand.

Matt:

I'm going to have to build my own website and not just rely

Matt:

on using the marketplace of eBay.

Brian:

Yeah.

Brian:

That's crazy.

Brian:

So what, what were the Reeboks?

Brian:

Do you

Matt:

remember?

Matt:

I don't fully remember.

Matt:

I I'm like, I can't remember if they were a reverse jam or twilight zone pump.

Matt:

I mean, I there's,

Brian:

yeah.

Brian:

I just, I just wanted to give you an opportunity to flex the

Brian:

sneaker, which I think you nailed.

Brian:

So, you know, you kind of built that business on the back of

Brian:

being, I would say a blog site.

Brian:

Would that be accurate?

Brian:

Yeah.

Brian:

I mean,

Matt:

I was six.

Matt:

We launched the WordPress blog.

Matt:

I'd been toying with it in oh five, but that's really where the growth happened.

Matt:

Yeah.

Matt:

And, and what I noticed was like.

Matt:

I was a big consumer of tech blogs, and I love the format.

Matt:

I love the tone.

Matt:

I love the way that, you know, as a user, you got the latest news at the top.

Matt:

It was in chronological order.

Matt:

So if you, even if you didn't visit it every day, you could.

Matt:

You know, catch up pretty easily.

Matt:

And at that time, the only way that information online was shared about

Matt:

sneakers was in the message board and forum format, which had was great because

Matt:

anybody could contribute, but also terrible because anybody could contribute.

Matt:

And the way that threads worked, the way that they were multi,

Matt:

you know, multi pages on stuff.

Matt:

It was just.

Matt:

Terrible as a user experience and there's no way a casual person could

Matt:

use them and stay up to date, right?

Matt:

I also found a lot of bad info on there and it really hit me when I went to a

Matt:

Local finish line at the barton creek mall on a saturday for a release And

Matt:

I was going based on the information that was put on these forms and

Matt:

they hadn't verified the information and the store, I was there early in

Matt:

the morning waiting for the shoes.

Matt:

This is actually the Flint 13s in 2005 and the store manager

Matt:

was like, why, why are you here?

Matt:

Like, what, what are you doing here?

Matt:

And I'm like, I'm here for the Flints.

Matt:

And he's like, oh, those come out next week.

Matt:

Yeah.

Matt:

And I saw like, oh my gosh, like this is like, I'm a victim of bad info here.

Matt:

Right.

Matt:

And I thought, okay.

Matt:

You know, there needs to be a better way that this information is gathered,

Matt:

collected, presented, but also verified before, you know, going up.

Brian:

Yeah, no doubt.

Brian:

And, and you were sort of the curator of verified information around sneakers.

Brian:

You kind of parlayed that, you know, ran the media side of it for a

Brian:

little bit and then actually launched a retail store here in Austin.

Brian:

Yep.

Brian:

Maybe talk a little bit about, about that decision and like going from the

Brian:

digital world into the physical world.

Brian:

Right.

Matt:

Yeah.

Matt:

So we, through the early days of like getting the information, right?

Matt:

Like I had, I befriended a lot of shop owners because they would like, it was.

Matt:

A good way to verify info also to like, at that time, none of the brands really

Matt:

like understood what blogs were and they didn't like really think we were real.

Matt:

Like it was funny because like, because we didn't have a television show, a

Matt:

radio program or a print magazine, they didn't consider us media.

Matt:

Yeah.

Matt:

So, like, it was, it was really frustrating for us to try to work with

Matt:

PR at different brands and they were just like, well, you're not really a thing.

Matt:

It's like, what the hell are you talking about?

Matt:

We have millions of people logging on every month.

Matt:

Yeah.

Matt:

And it actually wasn't until I opened a retail store that they, that a few were

Matt:

like, Oh, Oh, so you guys really do reach a lot of people and it's like, okay, so

Matt:

a lineup of 700 people was it, but not the three or 4 million people a month.

Matt:

Like it was part of

Alex:

opening the retail store to create that effect that you're more official or

Alex:

solidified with PR and these different

Matt:

companies.

Matt:

There was part of it.

Matt:

And that actually weighed heavily into choosing to use the nice kicks name.

Matt:

There were a lot of people who said, use a different brand.

Matt:

Really?

Matt:

And because they were like saying, you should try to keep them separate.

Matt:

And I, there is a school of thought to that.

Matt:

But I felt like, no, why, why use a different name?

Matt:

Like, let's build a brand.

Matt:

Exactly.

Matt:

And so the purpose of the retail store, the retail store, it was

Matt:

never about selling product.

Matt:

It was about creating an offline extension of the digital brand, a physical space

Matt:

people could go to and see, this is what.

Matt:

Yeah.

Matt:

It should feel like for sneaker heads to go into, you know,

Matt:

and experience something.

Matt:

I mean,

Brian:

bro, it's a must stop.

Brian:

Like when Thomas and I, my, my co founder at grind, when we would come to Austin,

Brian:

that was a must stop for us every time, because especially being from Texas,

Brian:

you don't have as many kind of really high end sneaker shops like that us

Matt:

and premium goods for a long time.

Brian:

Right.

Brian:

Yeah.

Brian:

And so, you know, you guys were able to.

Brian:

Provide that bespoke experience that like if you're a sneakerhead

Brian:

in Texas, you didn't have.

Brian:

So, you know, whenever we come here, it'd be so cool.

Brian:

It feels like you're in LA or New York.

Brian:

And

Alex:

I also feel like it's a relationship builder with your top readers.

Alex:

Like the people that are.

Alex:

reading nice consistently and visiting consistently.

Alex:

Like if you could open the retail spot, that's not like in there in Austin,

Alex:

it becomes either a, the destination destination or B where they come to

Alex:

experience the brand versus just consuming

Matt:

content for the brand.

Matt:

Exactly.

Matt:

And, and further to that, one of the big things that we did from

Matt:

the very get go was the design of the space was super important.

Matt:

We worked with a local guy named Chris Swift, who was just did

Matt:

a phenomenal job of designing the space, which was so small.

Matt:

But one of the things that we did there was, The stories matter to nice kicks,

Matt:

you know, like it's not an accident that that our logo is a speech bubble because

Matt:

it's about conversation and storytelling and we had these museum type like pedestal

Matt:

displays that we would change out on a very regular basis and we would pull

Matt:

things from our vault of collection.

Matt:

And other little items to put together to kind of tell a story and always we try to

Matt:

time to something that was relevant at the time or relevant of an upcoming release.

Matt:

So people were able to get something different in our space just by walking

Matt:

in than they could get anywhere else.

Matt:

And that was that was really the big

Alex:

focus.

Alex:

So was the experience always getting like changed and curated

Alex:

based on what was happening, what was going on games being played?

Matt:

We were constantly changing that's all sound and we would do things like

Matt:

during South by Southwest week We did like special ones that were more geared

Matt:

towards that towards that crowd Yeah, you know like we even got it down to

Matt:

like this is interactive week So let's get our star some of our Star Wars or

Matt:

some other like, you know tech related product In the display and then it was

Matt:

like when it can't it came time to music.

Matt:

It was like oh no No, now we're gonna do like Choose that were done

Matt:

by DJs or have some musical tie to

Brian:

it.

Brian:

So that's awesome.

Brian:

And so, you know, ultimately you did decide to move on from the

Brian:

retail side of things and kind of focus more so on the media side.

Brian:

Is there anything you can share about that decision?

Brian:

Maybe for like some young people looking to do something similar

Brian:

and go from media to retail.

Matt:

Yeah, I mean, I would say that while brands were first on very much on board

Matt:

with us having a retail store, there was a time that I think a lot of individuals

Matt:

at some organizations did not understand.

Matt:

And they had, you know, big policies that had changed.

Matt:

And they wanted to impose rules on that restricted our blog just because

Matt:

we had one physical store, really.

Matt:

And so we had the same rules that Footlocker would kind of thing.

Matt:

And it's like there was, I think there was a misunderstanding, a disconnect.

Matt:

Ultimately, I'm, I really wanted to.

Matt:

Be unrestricted to tell stories, tell them in our way and not have to balance

Matt:

this thing of like we're telling a story this way than this other division of this

Matt:

company doesn't want us to do something.

Matt:

And so it was just like, no, just make it easy.

Matt:

Just stick to media.

Matt:

That is what we love the most.

Matt:

We love storytelling.

Matt:

We actually work with all of these brands.

Matt:

And you know, like I, I, I can't begin to tell you how much less

Matt:

stressful running a media group is then running a brick and mortar

Brian:

operation.

Brian:

And so, you know, continue with that theme.

Brian:

So.

Brian:

You started as a blog and then we're kind of a pioneer in that space,

Brian:

definitely, at least in the sneaker world.

Brian:

But now you're sort of shifting your thoughts on, you know, what that

Brian:

media company really looks like in the shape that it takes online, maybe

Brian:

shifting a little bit away from the blog format towards a new format.

Brian:

Just like maybe talk about how y'all are transitioning to a new

Brian:

format of the business going forward

Matt:

for sure So in 2006 when we had launched the blog like we had

Matt:

the primary source of revenue was the Google pay per click ads I

Matt:

don't know if you remember those.

Matt:

Oh, yeah, so we had Google pay per click like pre banners kind of thing And then

Matt:

we worked with we actually were the first site to join complex media's like digital

Matt:

network in 2007 and that, that brought in a new, a different type of ad product,

Matt:

which was the banner ad and then the full site takeovers and all that kind of stuff.

Matt:

Then we're kind of spun from there was custom content.

Matt:

And other types of creative projects.

Matt:

We do a lot of custom content and creative projects to this day.

Matt:

And, but a lot, not as many are happening on the website.

Matt:

So really the channel where they're happening, that's

Matt:

what's been the biggest shift.

Matt:

Because really, the eye, there's less, there are fewer eyeballs

Matt:

on web than in the past.

Matt:

Like now it's very much on social, especially the, the, the Type the

Matt:

demographic that the advertisers and the brands want to read.

Matt:

So the blog was the medium.

Matt:

NiceKicks.

Matt:

com was the medium.

Matt:

What was the verb?

Matt:

Storytelling.

Matt:

So, the verb has not changed.

Matt:

We're still storytelling.

Matt:

But the venue has changed.

Matt:

You know, it's gone from NiceKicks.

Matt:

com to places where it's at NiceKicks.

Matt:

Whether that's on NiceKicks on Twitter, on Facebook, Instagram.

Matt:

Doing a little bit with Tik TOK YouTube.

Matt:

Then we also have the app SMS, other types of channels that we communicate through.

Matt:

But since the web has really shifted to where there's less desire to consume

Matt:

stories through web, we've kind of changed that tool to be much more about

Matt:

helping consumers be able to purchase products and helping them find whatever

Matt:

shoe it is that they're looking for.

Matt:

So that's, that's like the utility has, demand has changed.

Matt:

I love this idea

Alex:

that you just talked about of.

Alex:

Transitioning from like the domain, the new domain is your at handle and

Alex:

like that is now your new website that is now your, your new way

Alex:

of getting information out there.

Alex:

And unlike a website though, it has mass like brand awareness potential.

Alex:

What are you doing on like the, the side of.

Alex:

YouTube.

Alex:

And like, is there a strategy that you're now developing of?

Alex:

Okay, we did this on web.

Alex:

This is now our approach to what we're doing on social, what we're

Alex:

doing on YouTube pods, like, and, and kind of recreating that world for

Matt:

yourself.

Matt:

Yeah.

Matt:

So we had done YouTube very early, like, or not super early, but at

Matt:

least for our space pretty early.

Matt:

And we had had a couple of shows on there.

Matt:

We actually did a kicks on court show weekly.

Matt:

And then we had series by George that did sole access where you go

Matt:

into locker rooms with different teams to kind of get a tour of that.

Matt:

You can see a lot of player exclusives.

Matt:

And then Sneak Peek was our big franchise product and then we did

Matt:

50 some episodes of, of Sneak Peek.

Matt:

We've just relaunched that.

Matt:

We've, we relaunched that recently as a social first, but we have now started

Matt:

doing long form versions of Sneak Peek that are going on to YouTube.

Matt:

Our strategy with YouTube is that we will probably create

Matt:

specific products for YouTube.

Matt:

The days of just like taking one and, and like translating it to multiple channels.

Matt:

It's really tough to do because certain things work really well on

Matt:

certain channels, primarily because of the design of that channel, just

Matt:

based for, you know, just to take, for example, the on video front.

Matt:

It's not just the way the shape and size, but it's like.

Matt:

The flow of the video has to be different.

Matt:

What the consumers on those platforms are looking for is different as

Brian:

well.

Brian:

Yeah.

Brian:

I mean, there's, there's expected behaviors, you know, there's, there's

Brian:

little cues across the different platforms that kind of make them unique to each

Brian:

other and I think making your brands, you know, position on each channel to

Brian:

actually be easily absorbed by that viewer is really important because otherwise.

Brian:

There's so much other things trying to get their attention and just, you know,

Brian:

swiping through has never been easier.

Brian:

I also

Alex:

think about like this idea of how are you turning your own

Alex:

YouTube channel into your own like Netflix where the consumer is

Alex:

coming to your channel and yeah.

Alex:

And like the behavior is like Netflix because they're coming

Alex:

to, you know, and you have.

Alex:

Five shows, 10 different shows.

Alex:

Like you're talking about someone that does a really good

Alex:

job with this is James Gordon.

Alex:

Like he has carpool karaoke.

Alex:

He is like trying different foods.

Alex:

Like he has 10, 15, 20 different shows.

Alex:

And because of that, you go to his channel, knowing like he's dropping

Alex:

an episode Monday, Tuesday, but they're all different things that

Alex:

you can, that you can consume.

Alex:

And if you love him, then you're going to, you know, you're

Alex:

going to consume that content.

Alex:

Is that kind of how you're thinking about it?

Alex:

It's like you're using it almost as.

Alex:

You're hosting many

Matt:

different shows.

Matt:

We will eventually get to that.

Matt:

I think a better parallel for us would be some kind of the model of like what

Matt:

donut media has done with automobiles.

Matt:

Again, I think the difference between us and say a Corbin is that

Matt:

a lot of YouTube is personality and name driven off of an individual.

Matt:

We are, we're a publishing brand, so we have, like, we have to

Matt:

play a little bit differently.

Matt:

Of course, the host matters a lot, but I don't think it would be the best decision,

Matt:

especially for a company like us.

Matt:

We would be so limited if we had just one primary host that has to be the

Matt:

one size fits all for everything.

Matt:

There's a Everclear song, pretty mid called everything to everyone.

Matt:

And it's like, not only is that song just kind of mediocre, it's a terrible

Matt:

strategy for brand as well as content.

Matt:

You can't make everything for everyone.

Matt:

It's got to be more

Brian:

focused.

Brian:

Speaking of mid, how about these recent signature sneakers?

Brian:

In the last like three years, it feels like we haven't had a strong release.

Brian:

I mean, You know, D book is beef or Devin Booker is beefing with Nike about,

Brian:

you know, the execution of his release.

Brian:

John Moran, obviously torpedoes his entire, you know, release of the job one

Brian:

and gets in trouble with the, you know, send the video meme there for a bit.

Brian:

I mean, so, you know, I think something that we've, we've kind of

Brian:

discussed before was, you know, the signature athlete has never been more.

Brian:

I guess widespread and less relevant.

Brian:

So I'd love to kind of get your two cents on that.

Brian:

Yeah.

Brian:

I mean, I

Matt:

think that we've had some unfortunate things happen in the signature

Matt:

shoe space for in the past, specifically one calendar or two calendar years.

Matt:

I think of like Nike had.

Matt:

Two crises on their hands with signature athletes.

Matt:

Like they had things, the drama that was happening with Kyrie and then with

Matt:

John Morant, unfortunately for Nike in both situations, there's a lot of stuff

Matt:

that was like off court type of stuff.

Matt:

Which, this is also kind of the part, this is one of the big challenges you

Matt:

have of doing business with endorsed individuals in 2024, which is social

Matt:

media and stuff that happens outside of, you know, the, the profession, both

Matt:

of these incidents that they would not have happened during the Jordan era.

Matt:

They just.

Matt:

Yeah.

Matt:

You wouldn't have a cell phone that you could just tweet because he's going

Alex:

to like, he's going to Vegas.

Alex:

He's gambling and it

Brian:

comes out

Alex:

20 years later kind of thing on the last dance.

Alex:

That's the first time we, we hear about it

Matt:

really.

Matt:

Exactly.

Matt:

So I think like that has been what has, has had a huge impact for, for brands.

Matt:

I mean, there's the blessing and curse of it.

Matt:

Like, yeah, the blessing is that, you know, if you have a

Matt:

player that has a huge offer.

Matt:

Court personality, you have a personality that is selling things

Matt:

beyond what they do on court.

Matt:

I think Lamello Ball is a great example of that.

Matt:

Lamello Ball was a huge star far before the NBA, thanks to social media.

Matt:

Yeah.

Brian:

And it almost, I wonder if it cannibalizes their marketability.

Brian:

I think about guys, you know, if I'm Jason Tatum, I'm never doing anything

Brian:

that could risk my endorsements, you know, and I think it almost makes

Brian:

these guys have less personality.

Brian:

Because the camera is always on them because there is this opportunity that it

Brian:

could blow up with a scandal at any time.

Brian:

I,

Matt:

I've said it a million times.

Matt:

I would hate to be a start in today's world.

Matt:

Yeah.

Matt:

You, you have no privacy.

Matt:

Yeah.

Matt:

At all.

Matt:

Right.

Matt:

You, you just don't.

Matt:

And the thing we have to remember too is that a lot of these guys

Matt:

are young, like really kids.

Matt:

I mean, I'm 39 now, so everybody under 30 is a kid now to me.

Matt:

But like, you know, if you're in your early twenties.

Matt:

And you're in the NBA and a star, you have had cameras around you pretty much since

Matt:

you were a teenager or at least mid teen.

Matt:

So I just, I don't envy their position.

Brian:

Yeah.

Brian:

Yeah.

Brian:

And I mean, you just think about like the ways, you know, that

Brian:

they're even getting caught up.

Brian:

Right.

Brian:

It's like.

Brian:

For Anthony Ebert, it's, it's screenshots of his texts leaking to Twitter and

Brian:

going viral with Jod's screenshots of an IG live, you know, Instagram live thing

Brian:

where like, there's 300 viewers on the Instagram live, you know, it shouldn't,

Brian:

it's not reaching a lot of people because that one person in that live knew that

Brian:

it was Jod, knew that he was compromised.

Brian:

You know, it gets shared, goes like crazy.

Brian:

But is there any way that, you know, what, what, how do we fix it?

Brian:

Like, how do we get these signature athletes, you know, their shoes

Brian:

to kind of be more relevant again.

Matt:

I think that the, I wouldn't say that they, they're not, they're just

Matt:

not as relevant as they once were to the overall pie is still relevant.

Matt:

Just not like the, it's not what is driving everything in the market.

Matt:

Like night, like Michael Jordan sold running shoes.

Matt:

Yeah.

Matt:

He sold running shoes because it had the same logo on that

Matt:

running shoe as was on his shoes.

Matt:

Kind of thing.

Matt:

Yeah.

Matt:

We just don't like that type of influence isn't there as much as it once was.

Matt:

So what it is, is that you also just have far more touch points that a consumer

Matt:

has with a brand and across all interests and sports and everything like that.

Matt:

I don't think we'll ever get to a point where we will go back to

Matt:

the idea of one or two signature guys can define an entire brand.

Matt:

I just don't think we're going to get to that.

Matt:

It's a very, it's not just that it's crowded, it's just a competitive

Matt:

market space and it's matured, you

Brian:

know.

Brian:

Do you think there's anything to less affinity between fans

Brian:

and these athletes as well?

Matt:

Well, I think, yeah, I do think that there's less affinity towards that.

Matt:

I think that everybody kind of has had their affinity

Matt:

spread across so many things.

Matt:

You know, like it used to be really easy to see what somebody was, was

Matt:

into, like they, you know, they would eat, sleep, breathe their local

Matt:

baseball team or basketball team, and it was everything about that team.

Matt:

They studied the ins and outs of people have more, they, they've

Matt:

never had more opportunity to become.

Matt:

So interested in so many things.

Matt:

So as a company, it's how do you get yourself in, you know, in the right

Matt:

position with as many different touch points as the consumer can possibly have.

Brian:

And that was going to be my next question is as a media company,

Brian:

you know, operator, like how are you?

Brian:

What's your take on looking at capturing that attention in 2024 and

Matt:

beyond?

Matt:

I mean, for us, we have to stay true to ourselves.

Matt:

Like, you know, you can quickly go down the rabbit hole and

Matt:

try to chase too many things.

Matt:

And I think what's best is to be very focused as to like what

Matt:

matters most to your brand.

Matt:

What is most relevant to be covering and really sticking to that.

Matt:

Yeah.

Matt:

Because yeah, there, there are a million different ways that one could chase and.

Matt:

You know, make sneakers relevant to, you know, right.

Matt:

Going

Alex:

back to kind of the death of the signature athlete or not signature

Alex:

athlete, but the sneaker, do you think there's a shift where almost like

Alex:

the designer now or the designer in culture, somebody like Jerry Lorenzo

Alex:

or Kanye is bigger than the athlete and they have more influence on a drop?

Alex:

Cause like, I'm thinking about like, You saw it with Kanye and Adidas.

Alex:

You see it with Jerry Lorenzo, now Adidas.

Alex:

You see it with Pharrell and Louis Vuitton.

Alex:

Would you do something where you're bringing in one of those designers to do

Alex:

a collab with Jason Tatum or John Marant?

Alex:

Because, like, nobody's going to the club and wearing the bronze.

Alex:

Right?

Alex:

Like, but they'll wear the Travis Scotts you have.

Alex:

No, no, no.

Alex:

I'm saying they never were.

Alex:

Do you think there's something to do there where like, you could almost

Alex:

like bridge these two together and they could piggyback off each other

Alex:

for these drops and kind of make them

Matt:

bigger?

Matt:

Yeah, so there are three main chapters, I think, in the history

Matt:

of namesake marketing and footwear.

Matt:

The first one was athlete.

Matt:

That the, the first signi, like the first professional athlete to have a, to have

Matt:

a, to have namesake deal was Canadian badminton player named Jack Purcell.

Matt:

Yeah, Jack.

Matt:

And he had a BF Goodrich.

Matt:

Yeah.

Matt:

And I think this was 1920s, but it really, really took off with Michael Jordan 1985,

Matt:

because that was the first time where it was a signature athlete, where it wasn't

Matt:

just their name attached to a product.

Matt:

Or to a marketing campaign, but like Nike created an emotion and a brand

Matt:

around the athlete and his products.

Matt:

That was very different from all that had done before.

Matt:

A lot of them were namesake endorsement deals than creating a

Matt:

brand within, around their athlete.

Matt:

The second phase.

Matt:

Is where I think the influence of pop culture and entertainment.

Matt:

So I think of like the example of you know, the air force one, I

Matt:

didn't grow up in an area where it had much in terms of air force ones.

Matt:

I grew up in Fresno, California.

Matt:

I didn't know the name of the shoe offhand, but I knew what was that

Matt:

white shoe that I saw Jay Z always wear in, in the rock aware ads or

Matt:

that I saw other hip hop guys wearing.

Matt:

I knew what that white shoe was and as a teenager, I was in, I was, I

Matt:

liked that shoe because of those individuals wearing the shoes, not

Matt:

because Moses Malone wore them and won a championship in the eighties.

Matt:

It was a basketball shoe, but like it was never

Alex:

even got marketed because it took off in pop culture, like rap culture

Matt:

and all that.

Matt:

Exactly.

Matt:

So we saw then in the two thousands S.

Matt:

Dot Carter and Reebok.

Matt:

And.

Matt:

And that was honestly, Reebok went after entertainment when

Matt:

they couldn't land LeBron.

Matt:

Yeah.

Matt:

So they went they went after, they got Jay Z and did the S Dot

Matt:

Carter and then G Units right after.

Matt:

And that was a really good move for them as a company, but it also really

Matt:

created this new chapter that we then saw just explode when, with Kanye West.

Alex:

Because I even go back to Michael Jordan and they

Alex:

leveraged Spike Lee for that.

Alex:

Right.

Alex:

Like they leveraged Spike Lee and what he was doing in filmmaking to help elevate

Matt:

that drop.

Matt:

Well, that's what Nike does better than anybody is that they

Matt:

create stories around the product.

Matt:

So who better to tap than a movie maker?

Matt:

Yeah.

Matt:

So but so it's the second chapter, entertainment third.

Matt:

I think is the, is the design of themselves where, and you

Matt:

see people like rest in peace.

Matt:

Virgil Abloh was one of those individuals where people were following the artist

Matt:

and it didn't matter what the brand was.

Matt:

It didn't even matter what the product was.

Matt:

They were fans of the artist and their vision.

Matt:

So I think of Virgil Abloh Pharrell Williams Jerry Lorenzo, Salehi Benbery,

Matt:

like these are individuals who are able to create very, you know, different products.

Matt:

And with different types of brands, different categories, and they

Matt:

have, they are a brand in and to themselves based on their design.

Alex:

And that's where I think like, imagine Devin Booker and Jerry

Alex:

Lorenzo getting to work on the club.

Matt:

That

Brian:

drop would be so much, so much would crush.

Alex:

Yeah.

Alex:

Versus it just being deep book and Nike.

Alex:

And then you have Nike as the engine, telling the stories behind

Brian:

something like that.

Brian:

Like you got to give the original creator like Lorenzo and then

Brian:

D book being the athlete, like.

Brian:

You got to give them the resources that Nike has at their disposal to then tell

Brian:

that story, but they need the creative

Matt:

freedom.

Matt:

But on that note, I think what has been amiss by a lot of brands recently is

Matt:

that I think they could do more to tell the stories behind the design of a lot

Matt:

of the product, by the actual artists.

Matt:

So I think of like what has been a lot, what has provided a lot of

Matt:

longevity to the retro Jordan line.

Matt:

Has been the storytelling and visible presence of Tinker Hatfield.

Matt:

I think that has done so much for the, the long term legacy of, of the Jordan.

Brian:

You know, with Tinker, I, I know that name and as, as a, you know,

Brian:

I'm into sneakers, but I'm not so deep into it that I'm looking into the

Brian:

designer of every shoe, but you know, you almost passively know that he was

Brian:

the guy who invented Jordan's like, and I do think, you know, people want,

Brian:

people are seeking more meaning and authenticity in their products these days.

Brian:

And a lot of shoe companies could probably do well to incorporate that.

Brian:

One that just, you know, every time it cracks me up that this didn't work.

Brian:

But man, LeVar Ball was a visionary, huh?

Brian:

I mean, big baller brand was the best idea, most forward thinking

Brian:

idea with the worst execution of all

Matt:

time.

Matt:

Look, to have success in this space, I, you know, I appropriate

Matt:

Phil Jackson's triangle offense.

Matt:

Yeah, what you need is you need three primary things, right?

Matt:

Number one, you need good product.

Matt:

Number two, you need a really good go to market strategy and

Matt:

marketing element around it.

Matt:

The other thing that you need is you need some, you need good design or, or you're

Matt:

sorry, you need good innovation and.

Matt:

The thing that LaVar had was he was really strong on the market and the story,

Matt:

but where he fell short was didn't have innovation, didn't have a good product.

Matt:

Yeah.

Matt:

Yeah.

Brian:

And I almost wonder if he was betting on his innovation

Brian:

being the kind of full integrated distribution of we own the brand,

Brian:

our athletes are telling the story.

Brian:

All of that kind of, we own the media, you know, we had the reality TV show,

Brian:

which was generating, they were getting paid to generate millions of impressions

Brian:

on their brand which is insane, right?

Brian:

I mean, but to your point, you know, once they lose the narrative and Lonzo

Brian:

shoes are breaking, you know, every other summer league game, it seemed like

Brian:

You can't win without a good product.

Matt:

No, it really does start and end with product.

Matt:

It has to be a good shoe.

Matt:

And so

Brian:

speaking of product, you know, last time you came into the office, you came

Brian:

in some pretty fired 3D printed shoes.

Brian:

Yes,

Matt:

I did.

Brian:

And so, you know, with that dynamic kind of arising, the

Brian:

barrier of entry, having never been smaller to create a quality product.

Brian:

Do you think that will eventually disrupt a lot of these big players?

Matt:

Big time.

Matt:

I think it will in specific categories.

Matt:

You know, the 3d, at least the current way, the current tech

Matt:

is right now, you're not able to create anything performance wise.

Matt:

At this point that could easily change, but like at this point, no.

Matt:

What about

Alex:

the Adidas like runners that they just dropped?

Alex:

Like they just made like, I think their first stab at a performance shoe.

Alex:

Really?

Alex:

Yeah, it's

Matt:

like a Are you talking about the, the, the Ford

Alex:

WD I

Matt:

don't know.

Matt:

That's, that, yeah, that, that one's been out.

Matt:

That's the the forward.

Matt:

Yeah, yeah, yeah.

Matt:

That one's, I don't quote me.

Matt:

I don't believe that's actually a 3D printed midsole.

Matt:

But yeah.

Matt:

But the they do have some innovation on running.

Matt:

That's insane.

Matt:

Like, they have shoes that are banned.

Matt:

You can't compete in them.

Matt:

They have like springs in them.

Matt:

Yeah.

Matt:

I actually just saw a guy here in Austin did a he did a test to see and.

Matt:

I can't, I think he like shaved like 15 seconds off his mile time wearing

Matt:

these shoes that are banned, which I mean, I, when I saw that they

Matt:

were banned, I'm like, how is Adidas not like really leaned into this?

Matt:

Like it's the Michael Jordan story, like 2.

Matt:

0, like, yeah,

Brian:

that's, that's literally how APL started, you know, APL is

Brian:

a brand out of LA and their initial marketing was our shoes make you.

Brian:

Jump higher.

Brian:

So we got banned by the NBA.

Brian:

Yeah.

Brian:

So naturally everyone's like, I need that.

Brian:

Yeah.

Brian:

I'm wearing

Alex:

these in one game.

Alex:

Yeah.

Alex:

APL's paying

Brian:

all my fines.

Brian:

They are not banned in Texas UIL basketball.

Brian:

Yeah.

Brian:

No.

Brian:

I still couldn't duck though.

Brian:

Okay.

Brian:

So 3D printing can change it.

Brian:

What are some other ways that Nike is getting disrupted right now?

Matt:

Well, I think that Nike is getting disrupted and others.

Matt:

It's not just Nike.

Matt:

It's other big players.

Matt:

Like in the running category, there is an insane amount of innovation happening.

Matt:

Right.

Matt:

Right.

Matt:

It's, it's insane how in just like five or six years, how much you've

Matt:

seen just two brands, Hoka and on take market share and explode.

Matt:

There's so much innovation happening in that space right now,

Matt:

the big guys need to be tripling, quadrupling down on innovation.

Matt:

I think that part of it has to do with pandemic, you know, like there,

Matt:

when you don't have people who can go into offices, it's much harder

Matt:

to create and innovate new product.

Matt:

But I think that there is there needs much more innovation to be done.

Matt:

That's really when I see that swoosh, like something that I think

Matt:

of when I see it is innovation.

Matt:

And I don't feel that in the past couple of years we've gotten

Matt:

what we used to get out of it.

Matt:

I don't,

Brian:

I don't feel like I see anyone wearing Nikes running anymore.

Brian:

It's, I still do.

Brian:

Yeah.

Alex:

But that's because I feel like I have such an attachment to

Alex:

Nike that I don't know if I'll ever, they have to do something really

Alex:

fucked up for me to detach myself from Nike and not want to wear Nike.

Matt:

The Alpha fly three is a really good.

Matt:

Yeah.

Matt:

I got those.

Matt:

And then I also have a Vaporfly 3.

Matt:

I have the Vaporflies.

Matt:

Yeah.

Matt:

And it's a good shoe.

Matt:

It's a really, it's a good shoe.

Matt:

But I hear what you're saying.

Matt:

You right now, what you do see is you see so many brands.

Matt:

Yeah.

Matt:

And running brands really, you know, like running specific brands,

Matt:

having a good time in that space.

Matt:

Yeah.

Brian:

It's and I'm only, I'm even talking about, it seems like

Brian:

run clubs have, you know, exploded kind of in popularity here.

Brian:

And I see just without even trying, you know, three of them congregate like right

Brian:

by where my apartment is here in Austin.

Brian:

Yeah.

Brian:

And so I'm.

Brian:

Always just kind of looking at their shoes and looking at like what they're,

Brian:

what's on their feet and it does seem like Hoka, Salcone, Brooks you know, on

Brian:

obviously like are really dominating that space, but just those run club spaces.

Brian:

And I think it might be kind of an interesting point to what you said,

Brian:

which is, you know, I still see Nike's all the time is you're in a different

Brian:

sort of sports community than me.

Brian:

Like you're seeing like crossfitters and people that are kind of like

Brian:

more performance training and I know you do a lot of the high rock stuff.

Matt:

For

Alex:

CrossFit, I, there's a, another brand, there's two

Alex:

brands that are like blowing up.

Alex:

The first one's Rad Global.

Alex:

I'm sure you're familiar with them.

Alex:

And they take like a really good approach of their drops and almost

Alex:

treating it like streetwear and street like luxury fashion with what

Alex:

they're doing and their branding style.

Alex:

They've done a phenomenal job.

Alex:

The other is Noble, but I don't think they're cat, they're at the level.

Alex:

of a Rad right now and like Rad's younger than them, but they've taken

Alex:

some of the top players in the game, but they're also going into running now too.

Alex:

I'm sure you've seen, seen them, but

Brian:

Quick aside did you see the, you saw the news today

Brian:

about Tom Brady and Noble?

Matt:

Yeah.

Matt:

About merging.

Matt:

Yeah.

Matt:

That's What are your thoughts on that?

Matt:

I have to read more on the details of it.

Matt:

I don't, I don't.

Matt:

Never really saw Tom Brady's brand much.

Matt:

I mean, I've been familiar with Noble for quite a while.

Matt:

Yeah.

Matt:

The thing that Noble had was they had this really good strength in CrossFit.

Matt:

Yeah.

Matt:

But, and like this really intense like strength training.

Matt:

They didn't have a lot outside

Brian:

of that.

Brian:

Yeah, which is interesting that they would turn to Tom Brady.

Brian:

It was kind of like a, you know, plant based thing.

Brian:

Yeah,

Matt:

I mean, but also the guy who's the most has more hardware than

Matt:

any pro athlete of a major sport.

Matt:

So I mean, like you're getting some attachment to a really big name with that.

Matt:

I think that.

Matt:

I, I would, I'd have to see the numbers.

Matt:

I don't think that they're doing an exceptional job in the women's business

Matt:

compared to a lot of other girls.

Matt:

I

Alex:

also think that they're trying to expand past CrossFit.

Alex:

They've been known as a CrossFit shoe.

Alex:

They sponsored the, the, it's now the Noble CrossFit Games, but last year they

Alex:

were the sponsor of the, the Combine.

Matt:

Yes.

Matt:

That I was just going to bring that up.

Matt:

Yeah.

Matt:

That is a

Alex:

huge move.

Alex:

And then now it's for your partner to be

Brian:

riding was on the wall a little bit there.

Brian:

Well,

Matt:

I think, yeah, when I saw the Tom Brady news, I was like, Oh, we're

Matt:

going to see a lot more football.

Brian:

And they kind of have a sick logo that bull with the bull.

Brian:

Yeah.

Brian:

Yeah.

Brian:

So what's crazy about noble is do you know the guy who bought noble?

Brian:

His name's Mike repo.

Brian:

So he actually was the founder of vitamin water.

Brian:

Interesting.

Brian:

And then not only did he, he sold vitamin water for a few billion and

Brian:

then, so, you know, what does any good entrepreneur do once they sell it?

Brian:

They just create it again and then he founded body armor

Brian:

actually and sold, sold that.

Brian:

And then I remember because we were doing some research for the pod

Brian:

back in the day about like, what are some founders that, you know, had a

Brian:

really successful outcome and then.

Brian:

You know, what can we learn from the next thing that they want to pursue?

Brian:

And so when I was looking at people, he, you know, created

Brian:

kind of this differentiated, like healthy Gatorade twice, pretty much.

Brian:

And then, okay, what does he look at now?

Brian:

He buys a majority stake in noble.

Brian:

And proceeds to kind of invest in this CrossFit brand, which is for

Brian:

the alternative professional athlete.

Brian:

And it's just interesting.

Brian:

Now they got Tom Brady, like they're probably about to make a real push here.

Matt:

Yeah, I think that they have, they have an opportunity to

Matt:

do, do something big with that for

Alex:

sure.

Alex:

Yeah, but I think going back to your point where I think they lack is innovation.

Alex:

Their product has been standstill for, for years.

Alex:

Like, I don't think it's changed

Matt:

much.

Matt:

No, I mean, there's, there's not a ton of in, there's not a lot of

Matt:

to innovate in like workout wear.

Matt:

I mean, you can make it close more breathable, you can get some

Matt:

different cuts, but then when it comes to footwear and CrossFit, like.

Matt:

You're not going to create a new revolutionary style of

Matt:

cushioning for a CrossFit shoe.

Matt:

You want the opposite of that.

Matt:

You want as close to the ground and with different types of

Matt:

flexibility as you can get.

Matt:

So I think like they're, the way they are going to have to push innovation

Matt:

is they're going to have to get outside of that space into some

Matt:

other sports, which I think they can.

Matt:

I mean, I think they could go into cleats and do well.

Matt:

I mean, they really, I think of like where Noble is, is very similar,

Matt:

probably actually ahead of where Under Armour was in the late 90s.

Matt:

So for them to all of a sudden become, you know, a cleat maker

Matt:

wouldn't be that difficult.

Matt:

And I could see easily you know, teenage boys who are the

Matt:

biggest buyer of football cleats.

Matt:

Yeah.

Matt:

Signing into that brand.

Brian:

Yeah.

Brian:

And I mean, Tom Brady kind of, you know, he's the closest

Brian:

thing football has to Jordan.

Brian:

But he never really turned it into that, you know, brand that people were wearing.

Brian:

I mean, he had Brady brand and, you know, he's always wearing the

Brian:

Under Armour, but you know, Nike's the dominant player in that space.

Brian:

It's not even close.

Brian:

Right.

Brian:

That'd be fascinating to see if they really start to turn

Brian:

it into the footwear side.

Alex:

How do you think the commerce, I'm switching gears, sorry, but like,

Alex:

how do you, how do you think commerce is switching for a media brand or monetizing

Alex:

is switching for a media brand and

Matt:

ongoing?

Matt:

Well, I can tell you a list of a bunch of media outlets that

Matt:

didn't figure that one out.

Matt:

Yeah.

Matt:

Who have a, have a bunch of layoffs happening.

Matt:

Yeah.

Matt:

You know, the traditional model with, with media is attention and you

Matt:

leverage against that attention with.

Matt:

Sponsorship.

Matt:

And it's like, okay, we're going to put your brand in front of these eyeballs.

Matt:

And on television, it was the 32nd ad spot.

Matt:

Well, people just don't watch as much TV anymore.

Matt:

First, the DVR happened so I could skip through the commercials.

Matt:

So I could get my content for my monthly subscription and without seeing the ads.

Matt:

Now people don't even want to do that.

Matt:

They just want the clips, right?

Matt:

Getting those clips on social media.

Matt:

And even now, like, a lot of the ads that are served on social, people

Matt:

just flip and scroll right past them.

Matt:

It's not like, only YouTube is the only platform where like, you are

Matt:

forced to see at least part of this.

Matt:

At least five seconds.

Matt:

Yeah, five seconds.

Matt:

You're going to have to see this logo from Liberty Mutual, but no I

Matt:

think that media platforms need to think about themselves more of that.

Matt:

You know, they need to be thinking about having a, they need to, I

Matt:

think, do more work on business development of like developing some

Matt:

of the products or partnering with.

Matt:

I think that's, that's what is going to be the future for

Matt:

a lot of, a lot of media out.

Matt:

So

Brian:

like roll, roll call there, you know, New York times,

Brian:

no, not doing it well, like.

Matt:

Better than others, but yeah, not, not, not super great.

Matt:

You know, they rely, they do a lot of revenue through their,

Matt:

their subscription model.

Matt:

You know, the people pay for the digital subscription to the New

Matt:

York times and they have the other products like they're cooking and

Brian:

they're, are there any media companies that you think are really

Brian:

executing on this well right now?

Alex:

And would you consider some of these like day and age

Alex:

creators now media companies?

Alex:

Versus just being like a large creator because they could be one of the

Alex:

ones that are doing it well as well.

Matt:

Yeah, I think that you have some independent creators or individuals

Matt:

that they're not really an individual.

Matt:

They have huge teams around them.

Matt:

Yeah.

Matt:

I mean, like I think of, you know, like what the Paul brothers have

Matt:

done is a good example of it.

Matt:

You know, they had the Maverick brand forever ago, right?

Matt:

Like that was one of the first, like the products that they're wearing.

Matt:

It's not someone else's product.

Matt:

It's their own, their own brand.

Matt:

And I think that a lot of have integrated in other products or

Matt:

projects that they're, that they have equity in to organically push.

Matt:

Now I will say, I don't, I think that there is a, there is a.

Matt:

An unfortunate thing that there's not as many disclosures probably being

Matt:

made to audiences as to what is paid for placement or what placement these

Matt:

people have a vested interest in.

Matt:

You know, we saw that happen in the crypto space, how many creators had

Matt:

their own token or they were paid to, to shill a token kind of thing.

Matt:

Yeah.

Matt:

So.

Brian:

Speaking of like brands that are like executing really well.

Brian:

In today's day and age.

Brian:

Like, are there any sneaker brands that you think are actually adapting

Brian:

to kind of where consumers are and like what marketing looks like these days?

Brian:

Cause it seems like, you know, Nike may have, they've obviously, I don't know.

Brian:

I would say Nike's peaked and now they're either plateauing or slightly

Brian:

declining, but what are some brands that are kind of up and coming and

Brian:

like doing it right these days?

Matt:

Tracksmith.

Alex:

Oh yeah, by Jordan Rodgers, by any chance?

Alex:

I, I've been on a Tracksmith

Matt:

binge right now.

Matt:

I saw he just talked about it.

Matt:

I was talking with somebody about it, like, last week, and then I

Matt:

saw he just did a video about it.

Matt:

I just saved

Alex:

so much of their content.

Alex:

They're like doing the Nike Kind of like a Nike play, like they're

Alex:

specifically on the content, like the stories that they're telling these

Alex:

guys are so tough, but scroll like two months down and it's a completely

Alex:

different brand than what you'll see on social now, which is super interesting.

Alex:

Yeah,

Matt:

I think Tracksmith is doing is doing one of the best jobs

Matt:

in marketing and storytelling.

Matt:

Yes.

Matt:

You go onto their website, go onto their social media.

Matt:

And they are doing what classic Nike did.

Matt:

It told a story.

Matt:

It made you feel an emotion.

Matt:

Yes.

Matt:

And their brand revolved around

Alex:

that.

Alex:

There's a video that I watched probably 20 times this weekend of this girl running

Alex:

in the snow and she has like just ice on her face and she's just trekking through.

Alex:

They have a beautiful, like I'm getting goosebumps thinking about it.

Alex:

Yeah.

Alex:

Beautiful voiceover, like totally written.

Alex:

And this isn't, you know, some Goggins like voiceover of her running.

Alex:

Like they're telling these stories.

Alex:

There's no product placements.

Alex:

But I literally started shopping just because of these little 15 second videos.

Alex:

And I've, you know what I mean, like this is the first time I've seen Tracksmith

Alex:

up until this point and I felt that way just because of these little 15

Brian:

second videos.

Brian:

I'm, I'm literally about to cop one of these on the podcast.

Brian:

Yeah,

Alex:

yeah, on the podcast.

Alex:

Straight up.

Alex:

Live on the podcast.

Matt:

Yeah.

Matt:

They are doing a great job.

Matt:

And they have a distinct design that is true to who they are.

Matt:

Yeah.

Matt:

Like they're a North East.

Matt:

Running brand.

Matt:

Yeah.

Matt:

And they have this, you know, Ivy league, varsity look like, it just

Matt:

like sporting rich a little bit.

Brian:

Yeah.

Brian:

That luxury nostalgia is very in right now.

Alex:

Any other, any other brands you're thinking about?

Matt:

I think New Balance has been doing from the majors.

Matt:

Yeah.

Matt:

I think New Balance has been doing such an exceptional job in the past several years.

Matt:

Yeah.

Matt:

And it's not just the storytelling, it's product as well.

Matt:

And it's across so many categories.

Matt:

Yeah.

Matt:

Like they are, I I've never seen new balance do as well as.

Matt:

Yeah.

Matt:

As they are right now.

Matt:

Like it, it really is so different.

Matt:

Like I, if you told me 10 years ago, this is where new balance would be today.

Matt:

I'd say, hell no, no

Alex:

chance.

Alex:

And I feel like they somehow got away from, they were part of meme culture.

Alex:

Like you were a dad, right?

Alex:

Like if you wore new balances.

Alex:

And then

Brian:

dad's shoes also got pretty sick recently.

Matt:

But I think they did.

Matt:

They were smart to lean into that.

Matt:

Yes, they leaned into that.

Matt:

But while they were also leaning into that.

Matt:

They were, they were going in another direction with their creative

Matt:

projects and into baseball and basketball in a really heavy way.

Matt:

And then they, they really actually kind of, there was like this beautiful

Matt:

thing, this juxtaposition of the, they were leaning into the dad shoe while

Matt:

also saying, we're not just a dad shoe.

Matt:

I

Alex:

feel like they converted the dad shoe to now it was like

Alex:

this slow transition from dad shoe to you're the cool dad.

Alex:

Right.

Alex:

Like the, and that happened with partnering with Amelie on Dior and

Alex:

like these other brands to create this feeling of this is a luxury shoe.

Alex:

Now, like this goes with some of your best fits and now, I mean, I

Alex:

bought my first pair of new balances.

Alex:

I would have never bought a pair of new balances.

Alex:

Like you saying 10 years ago, it would have never been on the radar.

Alex:

No, I, and now like, I feel it's going to Cali with us, like it's

Alex:

hundred percent just part of the fit.

Alex:

Like I

Brian:

have to take it.

Brian:

No, I, I love my new balances, but I will say I threw 'em out once Oren

Brian:

just started clowning me for him.

Brian:

I mean, he, he's got like the, the Orange County dad aesthetic on point.

Brian:

I, I just, I couldn't take it.

Brian:

I had to get rid of him.

Alex:

One of the things I'm, I'm super interested in is like, do you

Alex:

know the history of sneaker drops?

Alex:

How did we get here and was it always what we see now or was it.

Alex:

I mean, was it different night, you know, 1990 to early 2000s?

Matt:

Yeah.

Matt:

Well, I mean, in, in the eighties, they didn't have the sneakers app.

Matt:

So things were a little bit different than the way that I've known sneaker releases

Matt:

pretty much my entire purchasing life.

Matt:

Was there was a date that was set that they were first available at

Matt:

the mall store kind of thing, and you'd go there and you'd get them,

Matt:

and there were oftentimes, you know, pretty long lines for certain shoes.

Matt:

There weren't not a lot of shoes commanded that kind of demand.

Matt:

But when we were studying it, we found that it was in 1997.

Matt:

It was, it was published.

Matt:

It was 97 or 98.

Matt:

It was towards the end of Michael's second run in Chicago and they

Matt:

had made the conscious decision.

Matt:

To make the release on a Saturday.

Matt:

And it was because they didn't want kids skipping school to go get the shoes.

Matt:

And I had heard, this was actually from a friend of mine who had a sneaker shop

Matt:

in, in Houston, Teresa Walden, she told me, cause she had bought the black cement

Matt:

threes when they first came out in 1988.

Matt:

And she had said that they dropped on a Monday, and she said it was

Matt:

that the Bulls had played NBA on NBC the day before on Sunday, and

Matt:

then the shoes came out on Monday.

Matt:

Now, whether that was like a nationwide thing, I'm not sure, but she said at

Matt:

least there in Houston at that time.

Matt:

A lot of the times that the Jordans were first available was the day after

Matt:

NBA on NBC, but I don't have anything written to confirm it, but like that,

Matt:

you know, that's one of those theories.

Matt:

I mean, it feels like it should be true.

Matt:

Yeah.

Matt:

I mean, there were a lot of times that it really, the shoes,

Matt:

they didn't have releases.

Matt:

It just got put out there.

Matt:

Yeah.

Matt:

Release dates on Air Force Ones didn't start till like 2007 before that every

Matt:

calendar would say like the first of whatever month, cause they were

Matt:

considered like the April delivery or the May delivery or the June delivery,

Matt:

which it was like no retailer was forced to hold it until a certain date.

Matt:

So as soon as they came in, I'll get cool.

Matt:

Let's just go put it on the wall and sell it.

Matt:

There's

Alex:

crazy though, that matching up with like similar, something

Alex:

that you said before the pod.

Alex:

You know, now we're watching 20, 20 different games at a time versus

Alex:

back then, you know, everybody's watching that Bulls game, right?

Alex:

And then it's going to the drop and like that.

Alex:

And that probably has to do something with this feeling of Devin Booker

Alex:

doesn't have as much love as a Michael Jordan because the whole

Alex:

world was watching Michael Jordan.

Alex:

Does that play into what's happening now?

Matt:

I mean, I think that.

Matt:

I think that with respect to Michael and NBA at that time.

Matt:

Maybe Michael's not the best.

Matt:

No, but I mean, I think like what was different about that time is that

Matt:

you had far fewer channels, right?

Matt:

Yeah.

Matt:

You also had far fewer games that were available nationwide.

Matt:

So it was one, it was a, it was a spectacle like, you know, that you, if

Matt:

you were a basketball fan, NBA on NBC on Sunday was very similar to like Monday

Matt:

night football for a football fan.

Matt:

Yeah.

Matt:

It was like appointment television.

Matt:

Exactly.

Matt:

Yeah.

Matt:

Yeah.

Matt:

So.

Matt:

And that also was not just a place where the players were, that

Matt:

was also a really great place.

Matt:

If you were a marketer, talk to that audience.

Matt:

And that's where, like, the best Jordan commercial of all time

Matt:

were running against sports and running against television, network

Matt:

television in that era, where you had 32nd mini stories put together

Matt:

by Spike Lee about, is it the shoes?

Matt:

And you don't

Alex:

see that

Matt:

now.

Matt:

No, you don't.

Matt:

You don't see that.

Matt:

You don't, but I mean, it's kind of like.

Matt:

I remember a line my brother had challenged me with years ago.

Matt:

He's like, your blog is going to be nothing more than a

Matt:

print magazine in a few years.

Matt:

Like start thinking about what's next.

Matt:

Same thing goes for a commercial spot today.

Matt:

A 30 second ad, unless it's running during Superbowl.

Matt:

Yeah.

Matt:

Who's seeing it?

Matt:

Yeah, for sure.

Matt:

It's not, there's just not as much of an available audience.

Matt:

What would you

Alex:

do?

Alex:

Would you run ads like in the areas that that game is playing, but on

Alex:

social during a game or something?

Alex:

Because like during a commercial, they're going to social.

Alex:

Like what do you think the fix is there?

Matt:

Well, I think that the way you're going to get people, it's

Matt:

not just about the impressions that you get by running it on social.

Matt:

You got to make sure that impression is actually making an impression.

Matt:

For sure.

Matt:

Yeah.

Matt:

So you need to create content that is going to capture that audience and hold

Matt:

them to hear the message or see the story.

Matt:

And so that means on each platform, you're going to have to do something differently.

Matt:

Yeah.

Matt:

But what I do kind of like miss is the idea that there was.

Matt:

The ability to look back at ads and find them, I find that, you know, like

Matt:

I can find old ads of every pretty much Barkley, Griffey Penny, Jordan ad.

Matt:

I can find them all.

Matt:

And even with Reebok as well and Adidas, but like in today's world

Matt:

where so much is made just for digital, once that campaign runs.

Matt:

Unless somebody at an ad agency keeps a copy and throws it up

Matt:

on a Vimeo or on some drive.

Matt:

Like it's kind of just gone.

Matt:

There was a social campaign that Nike and Foot Locker did

Matt:

with Kyrie a couple years ago.

Matt:

I tried finding it.

Matt:

I'm like, I can't find this video.

Matt:

It was made for social, ran on social.

Matt:

About the only thing I could hope for is that if they posted it on their account,

Matt:

I'd have to scroll back several years.

Matt:

And that's if it's still up there.

Matt:

So,

Brian:

yeah, it's almost like the meaning of it is so much harder to

Brian:

derive these days, you know, because there's so much overwhelming people

Brian:

at all times versus, you know, when you saw an iconic ad on, you know,

Brian:

the once a week NBA on NBC on Sundays.

Brian:

You're like, it makes such an impression to you because you almost have to,

Brian:

like, you have to capture that moment in your head or else it's gone.

Brian:

You

Matt:

do.

Matt:

And I think, I think right now, look it up.

Matt:

I think that like, there's also, we're getting that point.

Matt:

Like, I think we hit peak social recently.

Matt:

I think that we're starting to hit the peak of influence through digital only.

Matt:

I think that right now I've noticed just at least with myself.

Matt:

Out of home, a good out of home ad.

Matt:

Far more impactful than ever.

Matt:

And I think it really is that I'm not as likely to be distracted.

Matt:

So

Alex:

for sure, I think there's just a big difference where you were talking

Alex:

about with the, the ads that are getting put out now, it's more of a volume

Alex:

play versus an impact play, right?

Alex:

There are some ads that Nike puts out and the impact is there.

Alex:

And Colin Kaepernick one was.

Alex:

An example of that is when I could still search and go find, and that

Alex:

was three years ago or something.

Alex:

But in between maybe Colin Kaepernick and till now, I can't recall another Nike ad.

Alex:

Like another real, other than maybe this, this most recent, that's Mamba.

Alex:

Like that's one of the most recent ones that I feel like I

Alex:

remember, I remember the whole.

Brian:

But that's still playing into Nike's challenge right now is that

Brian:

they can only live off of retro stuff.

Brian:

Like Kobe is not one of their signature athletes anymore.

Brian:

And their most successful ad was from, you know, his brand.

Brian:

Like, I mean, it seems like, but they, they did this, right?

Brian:

Like there used to be the pressure of going viral was not like this

Brian:

algorithmically driven thing.

Brian:

It was more of a grassroots thing.

Brian:

Like you think about the Uncle Drew stuff, like.

Brian:

The, the KPI for going viral used to be shareability, not boost by the algorithm.

Brian:

And so I think that has really changed the incentive structure as well when

Brian:

they're making content is, you know, it used to be so shared, like you

Brian:

have to, you used to have to share it because I had to be like, yo, Alex,

Brian:

did you see that uncle drew stuff?

Brian:

It was like super entertaining.

Brian:

And now, you know, it's all about the hook and retention and like keeping someone

Brian:

on your 45 second short form video.

Brian:

And to your point earlier, it's just harder to tell a really compelling

Brian:

story in that short of a time frame.

Brian:

Is this one of those

Alex:

moments where you think you should zig when everyone's

Alex:

agging, where if everybody's doing these retention driven videos?

Alex:

Go and create more just storytelling in like impactful

Alex:

campaigns and videos versus.

Alex:

Yeah.

Matt:

No one has ever stood out by standing in.

Matt:

You have to like, and it doesn't mean you abandon everything else.

Matt:

That's the one beautiful thing about digital is that you can run

Matt:

in parallel two different campaigns.

Matt:

For sure.

Matt:

But I think that like, absolutely, you should be doing something

Matt:

different than what is the status quo.

Matt:

Yeah.

Matt:

That has always been what's worked best for.

Matt:

Some of the biggest brands.

Brian:

Yeah.

Brian:

There's a, there's a company.

Brian:

I I've seen this guy, Tom Shea on Twitter and he runs this

Brian:

company called agile media group.

Brian:

So they're out of home.

Brian:

They, they put ads on trucks and have you seen this guy?

Brian:

And so, you know, one of the ads that he did the other day was for

Brian:

this company called Jolie skincare, which does shower heads, shower

Brian:

heads, and it was a dirty ass truck.

Brian:

And he just goes, this drug is cleaner than your shower filter.

Brian:

Yes.

Brian:

I was like, damn, bro.

Brian:

It's because it's so, it's visual, it's memorable.

Brian:

It's not something that you're used to seeing.

Brian:

So there's a sense of novelty to it.

Alex:

And the really good outdoor advertising makes its way to social.

Alex:

Right.

Alex:

It does.

Alex:

Right.

Alex:

Similar to what you're saying.

Alex:

Similar to Oatly.

Alex:

They just, they just had a bunch of good campaigns.

Alex:

I think in Paris or London.

Alex:

That again, they made their way to social.

Alex:

And if you could do that, like.

Alex:

Those are brains.

Alex:

I remember I can't,

Brian:

I can't tell you how many billboards I saw when I drove from

Brian:

Colorado to Texas that were not used, you know, like that, that's

Brian:

just a completely dead medium, which is still getting the same amount

Brian:

of impressions that it was before.

Brian:

Yeah.

Brian:

Right.

Brian:

Like people are still driving.

Brian:

No algorithm change.

Brian:

People are on the road, like, but.

Brian:

You know, what's the innovation there?

Brian:

Like if you create a hype, a super compelling piece of creative shirt,

Brian:

maybe it's going to take some thought and some skill, but like it could

Brian:

really help your brand stand out for

Matt:

sure.

Matt:

And I think another thing that is another, in addition to out of home is five

Matt:

events and, you know, organic gatherings.

Matt:

Like I, we were talking about run groups earlier.

Matt:

There is no larger run group than when Nike does an event here in town.

Matt:

Yeah.

Matt:

It is.

Matt:

Oh my gosh.

Matt:

The last one I was at was like at least 400 or 500 people.

Matt:

Yeah.

Matt:

It was massive.

Matt:

Yeah.

Matt:

And that was the, what I felt was so good with that.

Matt:

It's like, not only, yeah, people wear some other brands, but a lot of

Matt:

people do pull out their Nikes for it.

Matt:

But what I think was great about that live event was people had

Matt:

an extended period of time.

Matt:

With an actual emotion and a feeling and connection to a brand.

Matt:

Yep.

Matt:

And, you know, you just can't get that same kind of thing through a screen.

Matt:

Yeah.

Matt:

I think you can tee up some storytelling through it, but I think that getting

Matt:

people to engage in person is a really special thing that people can pull off.

Matt:

It goes back to your retail,

Alex:

right?

Alex:

Like creating the retail front.

Alex:

I, one thing I'm thinking about big time for, for marketing exam and it's

Alex:

just like, how do we, you know, we have an audience, we have eyeballs,

Alex:

how do we create the community feel like, are we are we, is that

Alex:

our next layer of monetization?

Alex:

Are we actually building a slack community that has a lot of in real life events,

Alex:

a lot of in person events, a lot of things that, you know, we're, we're

Alex:

going to a lodge and staying there for a week to talk about business, but it is.

Alex:

You know, 50 men or whatever, 50, 50 marketers coming in.

Alex:

I don't know why I said that.

Alex:

50 bros in

Brian:

a cabin, man.

Matt:

But like thinking about that side of things.

Matt:

Well, it becomes a product that you then sell through, you know, like

Matt:

your brand is attached to, and it's also so easy to integrate with all

Matt:

the content throughout the year.

Matt:

So I think Vox does a good job of this.

Matt:

You know, a lot of their podcasts are talking about like their, their

Matt:

Fox, you know, gatherings or their festivals in the hybrid fitness world.

Matt:

The RMR team have a podcast called RMR training.

Matt:

And these, so it's Rich Ryan, Megan Jacoby and Ryan Kent, the

Matt:

three, three of like some of the best high rocksers in the world.

Matt:

And they also do a bootcamp once a year.

Matt:

And that kind of becomes a product that.

Matt:

through their connection, their following, they get to leverage and

Matt:

push against to sell as, as a thing.

Matt:

And it's this in person thing, like, are they going to draw

Matt:

all their audience to it?

Matt:

No way.

Matt:

But it is a product that I think good media has in today's

Matt:

world, which is creating that offline experience or offline

Alex:

engagement.

Alex:

Last question I have.

Alex:

Do you think High Rocks is going to take over

Matt:

CrossFit?

Matt:

Without question.

Matt:

Really?

Matt:

Why?

Matt:

Without question.

Matt:

I think that why High Rocks will pass, will pass CrossFit is because

Matt:

it is far more friendly to women.

Matt:

And it's like, I should say less intimidating to women.

Matt:

So I think CrossFit has only been able to grow so much because I think a lot of

Matt:

women feel very intimidated by the sport.

Matt:

And whereas Hyrox is, is not the same, it's much like, it's not as heavy on

Matt:

strength training as it is endurance.

Matt:

Interesting.

Matt:

So I think it take, it's like, it's also, it's easier to compete in.

Matt:

Like, I mean, there are a lot of people who were in the race that I

Matt:

was in where, you know, they're not, they're just getting into things.

Matt:

And it's a really grueling race, but they're still able to finish it.

Matt:

I don't, I mean, there are a lot of CrossFit lifts I couldn't even do one

Brian:

rep.

Brian:

Yeah.

Matt:

So it's like, well, pfft.

Matt:

Yeah.

Matt:

Can't compete in that.

Alex:

Do you think it loses some of like the, kind of like the, I don't

Alex:

want to say the alpha, that's the wrong word, but it is entertaining to watch

Alex:

somebody power clean like 400 pounds.

Alex:

Right, right.

Alex:

And you might, you're not going to get that in,

Matt:

in High Rocks.

Matt:

I don't know, man.

Matt:

You watch a race with Hunter McIntyre.

Matt:

That guy is freaking monster.

Matt:

Is that the

Alex:

guy that Hunter Sheriff, that guy?

Alex:

Yes.

Alex:

Gotcha.

Brian:

I feel like CrossFit is a really like, you know.

Brian:

Beefier sport, maybe.

Brian:

Why are you looking me in the eyes

Alex:

when you said that?

Alex:

Come on, man.

Alex:

I don't know,

Brian:

dude.

Brian:

I definitely wasn't looking

Matt:

at me.

Matt:

He looked right at me like it's

Alex:

a

Brian:

beefier sport.

Brian:

But I do think that like alienates some people.

Brian:

Like there's a very specific, like, I don't know.

Brian:

So maybe high rocks does have like a broader appeal.

Brian:

Yeah,

Matt:

it, it, they definitely, I think it does.

Matt:

The thing that I find with High Rocks is that there are a lot of really good

Matt:

high rockers who were great runners.

Matt:

Mm.

Matt:

So it is a sport where, what, and this is where I think like they have, they

Matt:

have a better on-ramp by design, which is a runner can become a, a decent high

Matt:

rocks racer way faster than someone can become decent in, in CrossFit.

Matt:

CrossFit.

Matt:

I mean, it just takes an immense amount of strength and

Matt:

immense amount of training that.

Matt:

I think keeps a lot of people out of

Alex:

it.

Alex:

Well, Matt, dude, this has been incredible.

Alex:

I know we could go another 45 minutes shooting this shit.

Alex:

But it's been incredible.

Alex:

We'll have to just make this a reoccurring thing.

Matt:

Hey, I'm just down the road, man.

Matt:

Sure.

Brian:

Absolutely.

Brian:

Appreciate having you, man.

Brian:

Well, you know, plug yourself on social.

Brian:

I mean, obviously at nice kicks.

Brian:

Yeah, at

Matt:

nice kicks.

Matt:

I'm at Matt Halfhill.

Matt:

I'm pretty much only using Instagram now at this point.

Matt:

So it's the best place to find

Brian:

me.

Brian:

Absolutely.

Brian:

And then as always if you do like this episode, if you like Sweat Equity,

Brian:

leave a review send us a screenshot.

Brian:

And on the next episode where we don't have a fantastic guest like this we'll

Brian:

give you a free growth playbook and, you know, tell you how we grow your business.

Brian:

So send us a screenshot at.

Brian:

At Brian underscore bloom.

Brian:

I think that's it on instagram and twitter and then alex, where can they find

Alex:

you?

Alex:

Yeah, and then hit me at alex garcia underscore atx and it's the same on all

Brian:

the channels And then if you like sweat equity, make sure to

Brian:

subscribe on youtube at sweat equity pod and you can find us on spotify

Brian:

apple podcast, please leave a review for pan We'll catch y'all next week