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