Borderlands.
Speaker ASomehow we're still not learning Borderlands.
Speaker AWe still suck at running.
Speaker BWelcome to the Borderlands Trail and Ultra Running podcast.
Speaker BI'm walking in the rain in Paris at the Jardin de Tuileries.
Speaker BI'm stoked about today's episode.
Speaker BIt is with Matt Trappy.
Speaker AThat's right.
Speaker BT, R A, P P E spells Trappy, not Trapp.
Speaker BI think from a branding standpoint, he should consider rebranding to Matt Trapp.
Speaker BBut this is his name and this episode is all about branding from a super unique perspective from an expert in the space.
Speaker BNot only is he an expert though, everything that he does is entirely in the space of running or at least public facing the stuff that we know about.
Speaker BSo this is an episode where we rifle through the top brands.
Speaker BWhat's making them great, what's making certain brands really good, but not great, and how do we go from good to great in general?
Speaker BIt's just an enjoyable conversation that flew by for me.
Speaker BI think you're going to enjoy it.
Speaker BBefore we get to it though, I hope you check out Devil's Gulch 100 next July.
Speaker BI think it's one of the coolest hundred milers, new hundred milers in the country.
Speaker BIt's that very specific, very just sort of brilliant American trail race that I hope that you'll all give it a shot and go next July up to Wenatchee, Washington.
Speaker BAlso, I've got a survey that I would love it if you take.
Speaker BActually there's two of them, but if you just pick one, would you pick the one about the podcast?
Speaker BI'm just trying to understand how you all are thinking about it, how you're feeling about it.
Speaker BTakes about a minute and a half.
Speaker BThen I got a separate one in there that takes about 60 seconds.
Speaker BThat's all about the app that I'm building.
Speaker BYour feedback is the only way that this can get better.
Speaker BAnd I really want all of this to get better.
Speaker BSo I'd love it if you would take a sec and do that for me.
Speaker BAlso, I am gearing up for something that I think will be super interesting.
Speaker BIt's not final yet.
Speaker BIt's called Roby House.
Speaker BIt's a brand activation that I'm looking to do at Western States next summer.
Speaker BI want to hear from you if you have any interest at all in seeing something from a Borderlands perspective, from a lighthearted perspective, a non elite perspective at Western States.
Speaker BSo hit me up if you like the sound of that.
Speaker BAnd then one last thing we now want to hear back from you for bad runner's take, if you'll call Runmore649.
Speaker BThat's Runmore649.
Speaker BOr you can text, but I'd rather you call, leave a message, and talk about anything related to running that you want me and Brian Wolf Runner Peterson to talk about together on a future episode.
Speaker BAll right, here's my friend Matt Trappy.
Speaker BI love this dude.
Speaker BI love his take on life, I love his take on brands.
Speaker BAnd I think, regardless of where you're at in this journey of understanding brands, that you will simply enjoy the conversation.
Speaker AHere we go.
Speaker AIt's too cold.
Speaker AToo.
Matt TrappyDamn cold to.
Speaker AI wasn't a.
Speaker AI wasn't a great student in college.
Speaker AI hated college.
Speaker AI hated school, hated everything about it.
Speaker ABut I did.
Speaker AI failed out of the entrepreneurship school at the University of Utah, and I had, like, two hours to pick a new major, and I went with strategic communication with an emphasis on branding.
Speaker AAnd I enjoyed it a lot.
Speaker ABut this one professor made me read word for word, an entire textbook.
Speaker AAnd at the end of the textbook, after like, four weeks of review, review, review, he said, there's only one thing I want you to know is that everything communicates something, and I'll never forget it.
Speaker AI wish he had just told me that.
Speaker ABut I read this whole book and so everything communicates something, and I feel like I get it academically.
Speaker AI even have some intuition around branding, and I obsess over branding.
Speaker ABut my guest today is, like, the most satisfying read that I've heard on branding.
Speaker AI mean, that I've read.
Speaker AAnd I mean it.
Speaker AYou're laughing, but I mean it.
Speaker ASo first, Matt, welcome.
Speaker AThank you.
Speaker AThank you for all that you're doing about branding.
Speaker AI don't know how.
Speaker AI can't wait to learn more about you and that, and I can't.
Speaker ACan't wait to have the deep dive into branding.
Speaker ASo welcome to the podcast.
Matt TrappyYeah, thank you for having me.
Matt TrappyI'm coming at it, I think, from a slightly different perspective than a lot of people maybe come at branding.
Matt TrappyI being from, like, a really strong storytelling and creative background.
Matt TrappyAnd, yeah, I don't have all the answers.
Matt TrappyI'm not right on everything.
Matt TrappyBut I like writing about it, I like thinking about it, and I just put it out there to hopefully get others doing the same.
Speaker ABut you have.
Speaker ABut you have opinions, and that's.
Speaker AThat's what I like.
Speaker AI like when people have opinions and they're strong opinions and they're generally backed up.
Speaker AAnd even aside from having opinions about it, the thing that really got me most excited about, you know, when I originally reached out to you was your article on just, I don't know how, I mean, just riffing on ideas of.
Speaker AHere, here's some, here's things that these certain brands could do for their sort of in person installations at events or anything like that that would just be more memorable.
Speaker AAnd each one was super memorable.
Speaker AAnd I just got, I got really pumped on it.
Matt TrappyYeah, thanks there.
Matt TrappyAnd that's like, those are kind of difficult because they're just random ideas.
Matt TrappySome of them will apply, I don't know the ins and outs of every brand situation.
Speaker ARight.
Matt TrappySo some will apply better to others, some will make no sense for whatever brand I may suggest it for.
Matt TrappyBut from an outsider perspective, they're just ways to think about things differently, help you stand out a bit and really just provide value for the community and for the sport.
Matt TrappyBecause yeah, we all love, we love those things.
Matt TrappyWe love going to races and doing all this stuff and being in it.
Matt TrappyEverybody's geeking out, everybody's.
Matt TrappyNobody's doing this because they have to.
Matt TrappyEverybody's in this because they love it.
Matt TrappyAnd so, yeah, I just like contributing to that.
Speaker AYeah.
Speaker AAnd I don't think we even notice when brands are doing a good job at it.
Speaker AI've seen your hat.
Speaker AI think it says North Face on it.
Matt TrappyIt's a North Face.
Speaker AIt makes me think of the old North Face endurance runs.
Speaker AThat's where I really cut my teeth on trail.
Speaker AAnd they were fantastic.
Speaker ALike when I now, after having my events and going to so many events, they were so good at pulling that off and I just, I.
Speaker AAnd what it has accomplished with me and I'd love to know your take on what if this is what they want.
Speaker AAll it's really given to me is like a fond feeling for North Face.
Speaker AAnd I can't put my finger on.
Speaker AIt's just like when I see North Face, I think, oh man, my first 50k attempt, my first 50 mile attempt, the mountains of Park City.
Speaker ALike when I think of North Face, I think of that event.
Speaker AIs that the goal?
Speaker AI mean, is that, is that where they're going with these things?
Matt TrappyWell, like you said before, everything communicates something.
Matt TrappyAnd I think events, whether you're sponsoring or activating at them or they're like owned events like they are, you know, the North Face under challenge.
Matt TrappyYeah, they, they help to communicate that experience and that message of your brand.
Matt TrappyAnd they're one of several ways to do that, but a really effective one, particularly post Covid, because people are just even more excited about doing amazing things and having experiences in person instead of, you know, digitally.
Matt TrappyLike we spent two years or whatever, like just confined to.
Matt TrappySo yeah, yeah, they're, they're huge.
Matt TrappyAnd you're spot on there.
Matt TrappyThe North Face events are awesome.
Speaker AYeah, yeah.
Speaker AAnd in the intro that you didn't hear here, you know, I'm going into some more detail about, you know, who you are and what you've done.
Speaker ABut let's hit some of the high level from your perspective here.
Matt TrappySure.
Speaker AOf, you know, what makes you think that you can go right about brands the way that you do?
Speaker AYou know, where are you coming from?
Speaker AWhat's your background?
Matt TrappySo I have more of a marketing background than I think people realize.
Matt TrappyA lot of people know I've, you know, I've taken a lot of photos, I've made a lot of films and that's a huge part of it.
Matt TrappyBut I mean I went to, I went to business school years ago.
Matt TrappyI was a marketing entrepreneurship strategy focus and I worked at two different startups in a different world, like in, in the biotech world, but small companies, you know, I ran marketing, I worked in sales and just had a massive input on new product development.
Matt TrappyLike all of our outbound marketing, inbound marketing did a lot on a, on a really high level.
Matt TrappyI mean it was a startup.
Matt TrappySo we had a board of directors.
Matt TrappyI was, you know, accountable for presenting on our marketing, our progress, a lot of our sales numbers to that board and those investors.
Matt TrappyAnd I learned a ton.
Matt TrappyI learned a ton.
Matt TrappyI wanted to do something that was a little bit more creatively fulfilling, like, you know, being very much like a dual brained person.
Matt TrappyAnd that was why I moved over into, into more creative field.
Matt TrappyBut I came to, so I came to shooting photos, I came to making films like from that mindset.
Matt TrappyLike that was how I always looked at this.
Matt TrappyI didn't go to art school or anything like that.
Matt TrappyI was always very much thinking about branding and marketing and the strategy behind things.
Matt TrappyAnd over the course of 10, 12 years of making films and shooting campaigns, I gathered just a lot of information from watching dozens and dozens of brands do this in different ways at different events, at different, you know, from campaigns to films to athlete teams, the athlete summits and you name it.
Matt TrappySo I got to see a lot of things done a lot of different ways.
Matt TrappyAnd I think my mindset approaching branding now is very much from this storytelling perspective.
Matt TrappyLike I think I can take a lot of, you know, intangible ideas and things happening out there and like run a thread through like a cohesive storyline that links a lot of things.
Matt TrappyI think a lot of creators can do that.
Matt TrappyI think a lot of photographers, a lot of filmmakers are really good at that.
Matt TrappyAnd that's, I mean, that's really the essence of branding, is creating and communicating then this storyline about what the brand means and what a brand stands for and relaying that to people.
Matt TrappyAnd I look at, say, making a film, you have all of these different components that go into a film, from your music to your voiceover, to transitions to graphics, the color treatment, all these come together to cohesively like, you know, relay a story or a mood.
Matt TrappyAnd you dynamically move those up and down throughout.
Matt TrappyYou know, it's part of good storytelling.
Matt TrappyAnd there's so many parallels to two brands there that I look at.
Matt TrappyYou know, athletes and products and retail and activations and all these things as, you know, the sound design and the color treatment, they're just, they're just different tools that you can use to relay what your brand is all about.
Matt TrappyAnd so that's sort of the perspective that, that I'm coming to all of this with.
Matt TrappyAnd yeah, I just have a lot of ideas.
Matt TrappyI formed a lot of opinions over seeing a lot of things and I'm writing about it and hopefully that just gets everybody else thinking about this too.
Speaker AYeah, well, you know, I keep saying it's a great read, we'll link it in the show, notes, your substack, but let's just kind of, let's do some of it in real time.
Speaker AI sent you some questions beforehand, you know, generally where we're going, but this is, you know, this is the stuff that, oh, I just love it.
Speaker AAnd I think, you know, you're offering perspective on athlete contracts, all this sort of stuff, but you're pushing it through this lens of brand.
Speaker AAnd so I think maybe the first question I think anyone would be curious to know is, is there a brand that's, that's firing on all cylinders?
Speaker AAnd when I say all cylinders, I'm using your list.
Speaker AStory, product, events, cultural relevance, retail, athletes, aesthetic, you know, everything.
Speaker AIs there any trail running brand that's just crushing it on all of them?
Matt TrappySo let me.
Matt TrappyDo you want me to talk through those sort of criteria that I'm looking at?
Speaker AYeah, maybe.
Matt TrappyOr do you want me to dive right into it?
Speaker AOh, you choose.
Matt TrappyOkay, I'll do a quick overview.
Matt TrappySo a way that I like to look at it is I have six different categories that for me, if you're really hitting on all of These, you're doing branding really, really well.
Matt TrappySo the first is the story, you know, the message of the brand, your voice, your behavior, how the brand, you know, it sort of shows up from a personality perspective.
Matt TrappyRelated to that is the aesthetic.
Matt TrappySo you know, the frame visually that your brand shows up in.
Matt TrappyAnd then you have obvious things like products, you know, if you're doing products really well and all these things need to align, like your products and your story, there needs to be some cohesion there.
Matt TrappyEvents, you know, whether owned events, meaning like, you know, the North Face Endurance Challenge or activated events, you know, your.
Matt TrappyYou're showing up at UTMB or wherever and you have, you know, some activation there.
Speaker AHey.
Speaker BOn January 18th, I am hosting a run with Billy Yang in Salt Lake City.
Speaker BI'll be coming back from Paris.
Speaker BI'll be in Salt Lake city for about 36 hours to host you all on a run with Billy and then do a live recording of a podcast with Billy Yang, complete with a question and answer.
Speaker BI'd love to have you join me.
Speaker BIf you're in Salt Lake City or surrounding area, the people who will be able to register first are those who are signed up for the race that I put on with my buddies, Open range races that's put on by PATH Projects, and PATH Projects is helping make this event happen.
Speaker BSo mark your calendars for January 18th.
Speaker BSoon you'll be able to sign up.
Speaker BIt will be free, but it will require a ticket because seating will be limited for the podcast.
Speaker BBut the run is open to everybody and we hope to have thousands and thousands and thousands.
Speaker BAll right, back to Matt.
Matt TrappyCultural relevance.
Matt TrappyThat's a very intangible one.
Matt TrappyThat's sort of the, the conversation, the how current your brand is in, you know, like modern culture, maybe the news, but also like style, music.
Matt TrappyHow else does the brand sort of permeate into your life outside of, you know, simply providing a running product?
Matt TrappyRetail, both owned, whether you have your own stores, you know, like, like Hoka has some of their own stores now.
Matt TrappyNike, of course, has a lot of their own stores or activated within retail.
Matt TrappyLike, Brooks does that super, super well.
Speaker ARight.
Matt TrappyThey work really well with run specialty.
Matt TrappyAnd then sort of the last one, which is a little harder to decipher, is the internal team and the culture.
Speaker AYeah, it's kind of, kind of inside baseball on that one.
Matt TrappyIt is.
Matt TrappyAnd like, I know a bit of it being in the industry, but no one knows everything about every brand, you know, inside and out.
Matt TrappyAre there just some kind of superstars crushing it and a big Thing for me in that area is like, which brands do you seek when you go to a race?
Matt TrappyWhich people at the brands are just part of the community.
Matt TrappyThat goes really far for me in that category where you show up and the athlete manager from the north face is just there because of course she's always there and those sorts of things.
Matt TrappyI think that goes really far away.
Matt TrappyStory, products, events, cultural relevance, retail, aesthetic, and then that internal team.
Matt TrappySo based on those who's sort of crushing it.
Matt TrappyI spent a little bit of time thinking about this before.
Matt TrappyI don't want to.
Speaker AAnd it's important to note.
Speaker ALet me put this disclaimer out there so you don't have to.
Speaker AWe might get negative on some of.
Speaker BThis sort of stuff.
Speaker AThis is purely for a fun of branding and a hope that if we do throw anything out there that it would be constructive.
Speaker AYou know, any brands listening in, we're just having a good time here.
Speaker AWe love.
Speaker AThis is as much about geeking out about branding and not about, you know, trying to tear down any brands.
Speaker ABut at first we're gonna.
Speaker AYou're gonna crown, you know, who you think's the best.
Matt TrappyWell, a lot of these are based on your perceptions too.
Matt TrappyEveryone lives in, you know, different worlds, especially digitally.
Matt TrappyWe all have like our own little algorithmic silos that we're in.
Matt TrappySo everybody has differing opinions.
Matt TrappyAnd as a brand, like, your big job is to listen to all of this, you know, decipher it, because what the community is saying about your brand is really what you're all about, regardless of what you think internally.
Matt TrappySo that sort of listening is a big component along those lines.
Matt TrappyAnyway, I had like, I had a few.
Matt TrappyI had three that I kind of thought of in the trail running world that for me, I think are putting a lot of these things together.
Matt TrappyThe first one is Solomon.
Matt TrappyI think Solomon does a good job with their story.
Matt TrappyTheir products are strong events.
Matt TrappyThe Golden Trail series, I think is really strong and is going to become something stronger for them because it's.
Matt TrappyIt's differentiated, right?
Matt TrappyIt's on the.
Matt TrappyIt's the shorter races.
Matt TrappyIt stands out from all the hundred big hundreds and things out there.
Matt TrappyUm, you could probably say the same on the other side of the spectrum of the 2002, but the.
Matt TrappyIt's more inviting for maybe people into getting into trail running that maybe want to start with a shorter distance.
Matt TrappySo I think that's a good asset.
Matt TrappyCultural relevance.
Matt TrappyI think they have the sports style angle that kind of carries people and carries the brand outside of, you know, pure performance.
Matt TrappyThey have really great athletes.
Matt TrappyYou know, they're in.
Matt TrappyThey're in the news for a lot of those reasons.
Matt TrappyThe relevance is there.
Matt TrappyRetail.
Matt TrappyI think they're activating better and better with, you know, run specialty, speaking from the, you know, U.S.
Matt Trappyperspective.
Matt TrappyBut they have a lot of their own stores, and they opened one in New York recently.
Matt TrappySo retail is coming along.
Matt TrappyAesthetically, I think they're more distinct than most to just be recognized.
Matt TrappyAnd yeah, the internal team and the culture, I think they do a really good job there, too.
Matt TrappyA lot of people in that brand really live the sport and live that outdoor mountain world that the brand stands for.
Matt TrappySo I think that's a strong run.
Matt TrappyWhat do you think?
Speaker AMy thing that first comes to mind for them after many of the things that you said, like.
Speaker AYeah.
Speaker AIs how they've accomplished the.
Speaker AWhat would you call it, Streetwear or city lifestyle.
Matt TrappyYeah, yeah.
Speaker AHere.
Speaker AHere in Paris, they have.
Speaker AI've seen two of their brick and mortars.
Speaker AStunning.
Speaker AI mean, just stunning.
Speaker AI can't imagine they sell anything.
Speaker AIt's like art.
Speaker AIt's like you're going into a museum.
Speaker AIt's just beautiful.
Matt TrappyIt's all branding.
Speaker AYes.
Speaker AIt's the window shopping.
Speaker AThe goal.
Speaker AAnd maybe you could speak to this, too.
Speaker AIs the goal to actually sell at these stores or is the goal to have.
Speaker AIs this essentially, you know, an activation for them?
Speaker AYou know, is it a cost?
Speaker AI mean, look at revenue generator.
Matt TrappyYeah.
Matt TrappyI mean, look, I haven't been specifically responsible for one of those stores before, but if you have one in a really prime location, I think that says a lot about your brand, what you stand for.
Matt TrappyYou know, trying to be a premium product or premium brand, you know, setting up right on, you know, Fifth Avenue in New York or wherever, that all communicates things.
Matt TrappyAnd if.
Matt TrappyAnd if the shop makes money or breaks even, I think that's great.
Matt TrappyBut there's a huge advertising component, there's a huge proximity component, events you can have, and the people you can get into the shop and then potentially wary.
Matt TrappyAll those go into that.
Matt TrappySo, yeah, that there's a lot of value outside, strictly like, you know, bottom line revenue of that.
Matt TrappyThat shop, specifically.
Speaker AYeah.
Speaker AAnd then you see people, I mean, all over in America, in here, but here especially, a lot of people are wearing trail shoes, and they're nowhere near running a trail.
Speaker AAnd these shoes will never touch a trail.
Speaker ACan you speak to.
Speaker AI mean, just as a.
Speaker AAs a guess, as an insight, like, what's the play there for them?
Speaker AIs it just like they've identified a market that you know who will buy it.
Speaker AIt seems like it's sometimes connected to, like, the Japanese streetwear thing, which I'm.
Speaker AI'm far from being in style, so, you know, I can't speak to that, but it seems connected to that world.
Matt TrappyI love all that stuff.
Matt TrappyI think it's really, really fun and interesting.
Matt TrappyIt's very creative to, you know, think about what you perceive as being in style or not in style or what you want to wear.
Matt TrappyIt's all really personal to you.
Matt TrappySo I think that's all really, really fun.
Matt TrappyIt's not science based.
Matt TrappyIt's like art.
Matt TrappyAnd that's why I really like it.
Matt TrappyIt's.
Matt TrappyAnd the second you can really easily define and fit something in a box and, like, quantify it, I'm kind of bored with it.
Matt TrappyIt's like, let's try to figure out all this other kind of intangible stuff that has a lot of appeal, but try to define why.
Matt TrappyAnd so that falls into that category for me.
Matt TrappyI think it.
Matt TrappyI think it brings people into the brand when they're not.
Matt TrappyWhen they're not running.
Matt TrappyIf you're.
Matt TrappyIf you support, say, Solomon, for example, or, you know, North Face, a lot of brands do this.
Matt TrappyThey.
Matt TrappyYou can wear it around the clock.
Matt TrappyThat's a big revenue opportunity for them.
Matt TrappyYou can identify with the brand and align with them when you're not necessarily out on the trail or out on a run.
Matt TrappyAnd that's.
Matt TrappyThat's really the majority of everybody's time.
Matt TrappySo there's.
Matt TrappyThere's a huge opportunity there.
Speaker AIn just about every business that I've ever started been a part of, I've never been the product partner.
Speaker AI'm not.
Speaker AWe.
Speaker AWe kind of texted about this briefly, and you're not a big product guy.
Speaker AI'm not a big product.
Speaker AI'm far from product and I'm an entrepreneur and I can manage.
Speaker ABut most this.
Speaker AThe evidence of this most is embodied by.
Speaker AI would run in Salomon shoes and my feet are too fat for them, and I would try and run a hundred milers in them because I liked the way my feet looked when I looked down.
Matt TrappyThat's all that goes really far, doesn't it?
Matt TrappyIt goes really far.
Matt TrappyI mean, you bought those and just for that, really, just for that reason, you probably tried them on in the store and you convinced yourself that they fit exactly right.
Matt TrappyThat happens.
Matt TrappyThere's a lot of value in that.
Matt TrappyYeah, so.
Speaker AYeah, so.
Speaker ASo I would say Solomon has accomplished that.
Speaker AAnd then being here in France, I'm blown away by Annecy, where they're from.
Speaker AYeah.
Speaker AJust how influential that part of the world is for trail, for mountain running, you know, everything.
Speaker AIt's, it's, it's, it's a special area.
Speaker ASo I've grown especially fond since I've been living here.
Matt TrappyYeah, I think there's a lot to that.
Matt TrappyYou know, another brand with a presence there that I had on my, the top of my list too was, was the North Face.
Matt TrappyI think they're, you know, when you were doing your product deep dives, they've come a long way in that footwear particularly category.
Matt TrappyAnd yeah, I think a lot of what they're doing on, you know, in all this criteria that I've been talking about, I think they're coming along really well there as well.
Matt TrappyYeah.
Matt TrappyI mean, they've sponsored Trans Grand Canaria now like a really, really big race in the.
Speaker AOkay.
Matt TrappyIn the Canary Islands.
Speaker AI didn't know that.
Matt TrappyAnd yeah, I think, yeah, I want to give North Face a nod.
Matt TrappyI really like what they're doing.
Matt TrappyKind of returning to maybe a bit of where they were brand wise in years past, you know, when we were talking about really admiring them, but now doing it with product that's a lot more legit and credible.
Speaker ASo, yeah, what I love about again, you know, it comes back to me like, what makes me remember them.
Speaker AI mean, when you think of a brand like where does your mind instantly go?
Speaker AWith North Face, I instantly go to is Zach and Katie and what they wear at utmb.
Speaker AI think North Face does a fantastic job of creating memorable, you know, I'm gonna say outfits.
Speaker AI don't know the right way to say it for, for its teams, it's really, they're really memorable.
Speaker AThe purple, the really like nice, like tannish shorts, like, it just, there's stuff that calls to memory that they, they've done a great job with.
Matt TrappyYeah, I agree that the color that they went with this past year at utme, we could probably argue over whether it's blue or purple.
Matt TrappyI think the point of it is to be in between.
Matt TrappyReally?
Speaker AReally?
Matt TrappyYeah.
Matt TrappyBut it, but it's really memorable.
Matt TrappyLike.
Speaker AYes.
Matt TrappyRight.
Matt TrappyThat I don't know that I personally really liked it, but I still really remember it and I can picture it in my head and when I think about, you know, what you just brought up right now about those athletes and their wins this past year, that popped, you know, right front and center in my head.
Matt TrappySo it works.
Speaker AYeah.
Speaker AAnd I was surprised to learn from Taylor Bodine on those.
Speaker AThe Deep dives.
Speaker AYou know, he's the product expert of just how good those shoes are, their current portfolio, just how it's the most underrated.
Speaker AAnd then I was fortunate enough to go have dinner with Jean Marc Dijon here in Paris after Taylor said, hey, this is, you know, this is the guy.
Speaker AAnd then all of a sudden Satisfye hires them like, oh, he's here.
Speaker AI'm just going to email him.
Speaker AAnd we had dinner.
Speaker AHe wasn't up for having a podcast.
Speaker AHe's real introverted.
Speaker ABut just to like sit and chat with this legend of shoes was something otherworldly.
Matt TrappyYeah, he, I was fortunate to meet him before he, you know, moved over to Satisfy when he was based in the Denver area here with.
Matt TrappyOh, that's right.
Matt TrappyYeah.
Matt TrappyYeah.
Matt TrappySo I got, I got to meet him here through, through my friend Brett Rivers, who I want to give a shout to.
Matt TrappyBrett's doing a really good job at North Face too.
Matt TrappyI think will carry on a lot of what Jean Marc was is working on.
Speaker ASo the best thing I can say about Jean Marc is that when we sat down to talk, he only wanted to ask me questions.
Speaker ANot.
Speaker AAnd that, that's not about me.
Speaker AIt's just, you know, that type of person who just is always cares about who else is in the room and wants to learn about other people.
Speaker AI was really impressed by that.
Speaker AFor someone who's that important, you know.
Matt TrappyYes.
Matt TrappyAnd while being that curious about other people and about other ideas is the reason he's as successful as he is.
Speaker AAbsolutely.
Speaker AYeah.
Matt TrappyYeah.
Speaker ASo North Face Sullivan, super solid choices.
Speaker AWhat's.
Speaker AWhat's your third.
Matt TrappyYeah, so the third I have is probably on a lot of people's list, but I think satisfies doing a lot.
Speaker AYeah, right.
Matt TrappyThey're hitting for a smaller brand that's hitting on a lot of those areas.
Matt TrappyI mean they even have their own events.
Matt TrappyThe sad hundred that they have in the.
Speaker AYeah.
Matt TrappyIn Arizona here that they're just really doing a lot of.
Matt TrappyA lot of what you need to do on a smaller scale and I think they have a lot of really great growth brands and I'm excited to see what they have at tre here next week.
Matt TrappyThey've got a lot of new.
Speaker AOh yeah.
Speaker AI mean I thought they were going to be dropping a shoe there but they already released it.
Speaker AThe.
Speaker ABut I thought they were coming out with an in house shoe that Jean Marc De Jean was doing.
Speaker AI don't understand.
Matt TrappyWe're going to find out.
Matt TrappyYeah, we're going to find out.
Matt TrappyAnd apparently there's Women's apparel coming, too.
Matt TrappySo.
Speaker AOkay.
Matt TrappyYeah, so I'm excited to see all of that, but they're.
Matt TrappyThey're just.
Matt TrappyThey're storytelling and communicating through all these different channels is.
Matt TrappyIs really outstanding.
Matt TrappyThey have a message and they have a visual, and it's really distinct.
Speaker AYeah.
Matt TrappyAnd they do a really great job.
Matt TrappyAnd that's.
Matt TrappyThat's why they're able to get, you know, $240 for a pair of shorts or whatever.
Matt TrappyI mean, it really is.
Speaker AI'm trying to remember how you worded it in one of your posts.
Speaker AI think it was maybe even on LinkedIn, saying that satisfy does a really good job of not being for everybody.
Speaker ASo some brands, especially a new brand, a brand that's that new, and, you know, let's give Breece Partouche his credit as a brand master.
Speaker AThey're such a new brand, very young, few years old, and to already.
Speaker AI mean, to come out of the gates knowing.
Speaker ATo build.
Speaker AThey're willing to limit their sales.
Speaker AThey're willing to say, if you're not in, you know, we're not making this for everybody.
Speaker AI remember how you word it, but that's one of the things I think that's special for such a young brand to have nailed so well.
Matt TrappyYeah.
Matt TrappyI think the challenge is as you get bigger and you have growth pressures to grow into other markets and expand, particularly if you.
Matt TrappyIf you end up, you know, publicly traded at some point and you're responsible to shareholders, that is a really difficult challenge.
Matt TrappyAnd you fall into the.
Matt TrappyYou fall into the trap of being everything to everybody.
Matt TrappyYes.
Matt TrappyBecause of those pressures to grow.
Matt TrappyAnd they're.
Matt TrappyThey're not there yet, which is why they're just, like, rolling right now.
Matt TrappyRight.
Matt TrappyBut they hit that ceiling.
Speaker AHe clearly took a massive investment.
Speaker AAnd, you know, there's lots of changes happening there that are coming with growth.
Speaker ASo, you know, at some point when they fully.
Speaker AI don't know if you.
Speaker AHe would still call them as early adopters, but if he.
Speaker AOnce he fully brings them all in house, you know, there is if.
Speaker AEspecially if he brought in private equity.
Speaker AI don't know the type of money he brought in, but you're exactly right.
Speaker ANorth Face felt it, and they're somehow one of the brands that's actually getting to fix it.
Speaker AMost people I think of, like a Columbia or something like that, they just kind of go into bland nothingness.
Speaker AAnd satisfy.
Speaker AThey're in that lane right now where they've got money, they're spending it on who they are.
Matt TrappyYeah.
Matt TrappyYou're you're exactly right.
Matt TrappyI mean VF in general is having a lot of issues in north faces too.
Matt TrappyBut I think all the, I think all the components are there for them to work themselves through that and I fully expect them to do that.
Matt TrappyBut that's a natural, you know, like life cycle issue for a brand as you reach sort of a maturity point and you have to attack things differently.
Matt TrappyYeah.
Matt TrappyAnd they're.
Matt TrappyYeah, it's natural evolution and learning process for everybody.
Matt TrappyRight.
Speaker AI hear at Tre they might be doing a, an event at Commodore and I hope that that's true.
Speaker ASo that's a restaurant owned by Philip Speer, who's a runner.
Speaker AAwesome story.
Speaker AI think Hoka did a documentary about him.
Speaker AHe does the Commodore Run Club.
Speaker ABut if nothing else, I'll just give a shout out, go eat there when you're in Austin.
Speaker AIt's.
Matt TrappyI will the best check it out.
Speaker ABut I think Satisfye did a buyout one night and they're doing an event there.
Speaker AThat's what I heard.
Speaker AI haven't, I don't have confirmation.
Matt TrappyOkay.
Matt TrappyYeah, we'll have to check it out.
Matt TrappyI.
Matt TrappyThe part of the fun part is like finding out about all this stuff going on.
Matt TrappyRight.
Matt TrappyYeah, I just, I have a blast of Tre.
Speaker AYeah.
Speaker AAll right.
Speaker ADo you have, who's.
Speaker ADo you have any like thoughts on close?
Speaker AWho's close?
Speaker AWhat brands are close but not quite like it feels like, you know, they're firing on all of them but maybe at 85% or they're nailing, you know, most, but they're not one.
Matt TrappyThere's.
Matt TrappyI think there's a lot in this category.
Matt TrappyI think this probably makes up most of the brands.
Matt TrappyRight.
Matt TrappyLet me go through a few here that I, I jotted down.
Matt TrappyOkay.
Matt TrappyI think, I think HOKA is very close.
Matt TrappyI think Hoka has a very strong like Hoka just crushes it from an event standpoint.
Matt TrappyI mean they're everywhere.
Matt TrappyRight.
Matt TrappyThey have all the races and it's branded out and everywhere and they do a really good job around that.
Matt TrappyI think they're.
Matt TrappyI don't know if I'm going to go through every single one.
Matt TrappyI think what I want to.
Matt TrappyWould love to see more of from Hoka is like a little bit more story.
Matt TrappyLike for me, Hoka is a really a super strong product that a lot of people have really bought into and feel a lot of loyalty towards.
Matt TrappyAnd the second you, you know, it has.
Matt TrappyI worked run specialty for a while too.
Matt TrappyIf you, the second you slip your foot in that Hoka you like, you're sold.
Matt TrappyRight.
Matt TrappyAnd that goes so far in run specialty.
Matt TrappyThat just an initial impression.
Matt TrappyBut I want to.
Matt TrappyI want to know more about what the brand means.
Matt TrappyLike, when you think about satisfy, like you write, it's very distinct.
Matt TrappyYou can picture, like, satisfy.
Matt TrappyAnd I have.
Matt TrappyIt's fuzzier for me with hoka.
Matt TrappySo that I think is the knock.
Matt TrappyI would say, well, let's go down there.
Matt TrappyWhat do you think?
Matt TrappyYeah, what do you think?
Speaker AI want to go down the road a little bit.
Speaker ALike, when I think of hoka, I don't know.
Speaker AI am not.
Speaker AAgain, I'm not on the cutting edge of anything.
Speaker AI'm not an early adopter.
Speaker AThat's just not kind of where I'm at.
Speaker ABut I still tend to think of Hoka 2011 for some reason.
Matt TrappySure.
Speaker AEven though now I know they're.
Speaker AThey're athletes, obviously crushing it.
Speaker AYou know, I want to see Hayden Hawks take over the world.
Speaker AHe's.
Speaker AI love that he came back.
Speaker AHe started there, left, came back.
Speaker ALike, I love everything they have going.
Matt TrappyAthletes.
Matt TrappyGreat.
Matt TrappyRight, Check.
Speaker ABut I.
Speaker AYes, yeah.
Matt TrappyYep.
Speaker AOf course.
Speaker ABut I don't.
Speaker AI don't know.
Speaker AI mean, to me, they still.
Speaker AThey were a gimmick at first to me, and so they still have.
Speaker AThey're still a gimmicky.
Speaker AThey.
Speaker AThey still.
Speaker AThey still live in a gimmicky place in my heart.
Matt TrappyOkay.
Speaker AEven though I did the deep dive with Taylor Bodine again On their products and 30s, the shoe count I think at like the last UTMB was like 33%.
Speaker AAnd then most of those are the speed goat.
Matt TrappyYep.
Speaker ASo I know that I'm the one that's the problem in that.
Speaker ABut they.
Speaker AI don't know why it's been hard.
Speaker AI still see HOKA on a one also.
Matt TrappyYeah.
Matt TrappyRight.
Speaker AIt's been so.
Speaker AIt just.
Speaker AAgain, I'm very.
Speaker AOh, nine to 20, let's say 13 on Hoka.
Matt TrappySure.
Speaker AThat's my.
Matt TrappySure.
Speaker ABut maybe it's because they're not telling the story.
Speaker AMaybe the story is missing and they haven't, you know, owned a new play.
Speaker AThe original story of More cushion maximalist, while Chris McDougal was doing minimalism.
Speaker AIt was just such an interesting contrast.
Matt TrappySure.
Speaker AThat's where it lived.
Speaker AAnd I never.
Speaker AI just didn't graduate well.
Matt TrappyThat's so.
Matt TrappySo that's the product story.
Matt TrappyRight.
Matt TrappyThat the brand story is.
Matt TrappyShould be related, but sort of adjacent to that.
Matt TrappyAnd if I have to describe HOKA without.
Matt TrappyWithout talking about the product, I struggle a little bit to do that.
Speaker AOh, that's exactly right.
Speaker AYeah, that's exactly right.
Speaker ABecause.
Speaker AYes.
Speaker AWith Satisfy North Face and we didn't even get into like their new slogan or that, you know, this change that's happening there.
Speaker ALike.
Speaker AYeah, you.
Speaker AOh, my God.
Speaker AYou can describe them without having to talk about their products.
Speaker AHopefully you can't without hoka.
Speaker AYou can't talk about HOKA without the speed goat or without having big maximalist cushion.
Matt TrappyRight.
Matt TrappyYou start talking about the product.
Matt TrappyYeah.
Matt TrappyAnd so you.
Matt TrappyYou mentioned.
Matt TrappyI think that it's worth bringing up here.
Matt TrappyYou mentioned Red Bull and some of our back and forth before.
Speaker AYes.
Matt TrappySo Red Bull has a product I.
Matt TrappyWhich I don't personally like at all, but they.
Matt TrappyThey have taken the feeling that they want, you know, that, that you get from that product.
Matt TrappyThis just adrenaline and intensity.
Matt TrappyRight?
Speaker AYes.
Matt TrappyAnd they've personified that.
Matt TrappyAnd that's all the events.
Matt TrappyThat's all.
Matt TrappyThat's all their marketing.
Matt TrappyYeah.
Matt TrappyI think going back to hoka, you know, they have the fly, human fly, and they have their.
Matt TrappyI think that's intended to do that.
Matt TrappyThat's the way they want you to feel in the product.
Speaker AYeah.
Matt TrappySo similar.
Matt TrappyBut that doesn't really come through for me.
Matt TrappyAnd in all of their marketing, that story quite as much as I'd like to do, I guess, is where.
Speaker AYeah.
Speaker AAnd the mention of Red Bull in the back and forth, I mean, just obviously worth calling out, like from an entire business model.
Speaker AThe reason they have so much margin to do all these amazing events is that they sort of like vertically integrated their business model.
Speaker ABecause you see the Red Bull car going around town because they do their own distribution.
Speaker AI was in coffee.
Speaker AWe did our own distribution.
Speaker AI was stealing from that model.
Speaker ASo we did our own grocery store facings, all this sort of stuff.
Matt TrappyYeah.
Speaker AYou always saw the Red Bull, like, that's just.
Speaker AYou work harder, but there's more money.
Speaker ASo Red Bull has built a demand for a product with incredible margin, and they spend that margin on brand.
Speaker AI don't.
Speaker AI mean, do they do product marketing?
Speaker AAnd maybe you could even define the difference here, Product marketing versus brand marketing.
Speaker AI don't know that.
Speaker ADoes Red Bull do product marketing or am I understanding this well enough?
Speaker AIt feels like everything they do is all about brand and them jumping off cliffs and wherever, God knows where.
Speaker AAnd that's what Red Bull is to me.
Speaker AAnd then I go buy a can.
Speaker AOh, I just lost you.
Speaker ALet me mark that.
Matt TrappyI think.
Matt TrappyI think I bumped mute.
Matt TrappyOh, thank you.
Matt TrappyBecause they're.
Matt TrappyYeah, they're doing they're personifying everything that they want you to feel with the product.
Matt TrappyIt's really brand heavy.
Matt TrappyThere's.
Matt TrappyThere isn't.
Matt TrappyI can't think of any that I've seen at least product marketing for, for Red Bull that specifically talks about the product.
Matt TrappyRight.
Matt TrappyThey almost didn't want you to know it.
Matt TrappyThey almost don't even want you to know it's the product.
Matt TrappyYeah, yeah.
Matt TrappyAnd.
Matt TrappyBut it's, it's, it's really a focus on the, the benefits and branded that they branded that really well.
Speaker AOkay, so is there.
Speaker ACould you.
Speaker AWhat could you take from them and give to hoka just like shooting from the hip, like, what could HOKA learn from the way they do brand that would allow us to start talking about HOKA without having to talk about their shoes?
Matt TrappyI would lean into that feeling afterwards.
Matt TrappyI think it's a bit there, like I mentioned with this fly component, but I don't really feel that from their marketing, their storytelling, the event activations, there's a lot of blue.
Matt TrappyI think they lean into a lot of advocacy stories, which is really, really cool.
Matt TrappyMaybe that's a bit of this, you know, allowing people to fly more metaphorically.
Matt TrappyYeah.
Matt TrappyBut it doesn't really, like, it's a little bit of a stretch.
Matt TrappyI think.
Matt TrappyIt doesn't really, it doesn't really connect.
Speaker AYeah.
Speaker AI think one thing that should show anyone listening about how special it is, what you're talking about is you're talking about like HOKA phenomenal brand destroyed earnings projections.
Speaker AAnd you're talking about like the top 1%.
Speaker ALike, and that was correct.
Speaker AThis is, that's how hard this is.
Speaker ASo I'm trying to say, like how special.
Matt TrappyIt's a great perspective.
Matt TrappyYeah.
Matt TrappyYou know, you don't, you don't.
Matt TrappyI don't.
Matt TrappyYou, of course, through evidence, you don't need to have be humming on all cylinders with all of these things.
Matt TrappyHocus wildly successful and a lot of brands are wildly successful despite probably missing on, you know, several of these criteria that I've subjectively outlined.
Speaker AWell, what I'm hoping to say is that more so with that, is that how hard it is and that brands have put the right team in place and they've taken risks on, you know, you buy a blimp and put Goodyear on it.
Speaker AYou know what I mean?
Speaker ALike how in the world.
Speaker AAnd that becomes part of who you are.
Speaker ASo they, they get the money, they get someone in place, they convince their CFO to let them spend it on something stupid like a mountain bike course.
Speaker AThat Goes off the edge of whatever.
Matt TrappyIn Zion and then all of a.
Speaker ASudden it works, you know.
Speaker AAnd so I think that's what I'm more so saying is like kudos to the ones who did it.
Speaker AAnd these who are on that edge, I mean, they still have a 33% shoe count, so at UTMB, that's correct.
Speaker ASo they're doing good.
Speaker ABut yeah.
Speaker AAll right.
Speaker AWho else you got on that list?
Speaker AOh, go ahead.
Speaker AIf you got something else to say.
Matt TrappyWell, I think the other thing I was going to say is the bigger you get in, the more growth that you're experiencing.
Matt TrappyThe alignment to tell these stories across all these different areas, which become totally different department and teams within your.
Matt TrappyWithin your organization.
Matt TrappyOnce you get big.
Matt TrappyRight.
Matt TrappyThat just.
Matt TrappyIt just becomes really a lot harder to do cohesively versus the small brand where it's a handful of people that are just really in the same room every day.
Speaker ARight.
Matt TrappySo to speak.
Speaker AOh, man.
Matt TrappyAll aligning on your story.
Matt TrappyRight.
Matt TrappySo as to your point of it being difficult to do it.
Matt TrappyIt is.
Matt TrappyEspecially as you get better at that scale.
Matt TrappyYeah.
Matt TrappyOn my next on my list, I have Terex.
Speaker AOh, Adidas.
Matt TrappyAdidas.
Matt TrappyTerex.
Matt TrappyAdidas Outdoor.
Speaker AOkay.
Matt TrappyThat I think is doing similar to North Face has had their product come around from where it had been from a trail shoot perspective and their.
Matt TrappyTheir athletes, their athlete team.
Matt TrappyI think all that's coming together.
Matt TrappyI want to see a little more story.
Matt TrappyIt's similar to hoka, I think from.
Matt TrappyFrom them again, super hard, really big brand.
Matt TrappyI think I thought when Corinne was let go from utmb, I wanted to see Terex really jump on that.
Matt TrappyAnd I didn't see anything because that was.
Matt TrappyI mean, as a friend of mine and just as someone supporting women in the sport, that really sucked.
Matt TrappyAnd I thought that was a huge opportunity for Ter.
Matt TrappyReally win a lot of hearts by stepping up there.
Matt TrappyI didn't see that.
Matt TrappyBut I think they this year looking forward for them.
Matt TrappyDavid Roche and what he's doing in the US Smashing Leadville and smashing that javelina and setting up potential showdowns next year at Western States, which has everybody.
Matt TrappyWhich has everybody just like you said, going, oh, man, I think that.
Matt TrappyI hope he.
Matt TrappyI mean, he's doing it in their shoes.
Matt TrappyBut there's no relationship between those two.
Speaker AOh, really?
Matt TrappyThat I'm aware.
Matt TrappyThat I'm aware of.
Matt TrappySo I think that's a huge opportunity for them looking forward.
Matt TrappyBut I think that's another one that's really close.
Matt TrappyBut they're doing a lot right lately.
Speaker AYeah.
Speaker AWith Terex, I've never put on the shoes.
Speaker AOkay.
Speaker AWhen I go to the flagship Adidas shop here in Paris, they don't have anything Terex in there.
Speaker AAnd I've done some digging.
Speaker AI had Thomas Newburger from Believe in the Run on the podcast to talk about the Dossler brothers doing Puma and Adidas.
Speaker ASuch a fun story.
Speaker ABut with Terex, I wonder, you know, I don't, I don't fool.
Speaker AThey don't have a place in my mind.
Speaker AThey don't live anywhere other than I do.
Speaker AI like Tom Evans a lot.
Matt TrappyYes.
Speaker AAnd so that's a great.
Speaker AAnd I think of, again, great clothes.
Speaker AThey're always great with clothes.
Speaker ALike, their athletes are always looking, you know, great.
Speaker ABut I, you know, they don't seem to borrow from the Adidas brand story, like the, you know, the mothership.
Speaker AAnd so do you.
Speaker AWhat do you know?
Speaker ALike, are they out trying to carve their own way?
Speaker AAre they, like, you know, who are they?
Matt TrappySo, I mean, it's a really good question.
Matt TrappyThey have an office here in Boulder, and I was there yesterday.
Speaker AOh, cool.
Speaker AI saw some of your photos on Instagram.
Matt TrappyYeah.
Matt TrappyJust coincidentally.
Matt TrappyAnd they have.
Matt TrappyThey have David's shoes there.
Matt TrappySo they, so they talk.
Matt TrappyBut, yeah, I think that.
Matt TrappyWhat do you think about.
Matt TrappyI'll ask you this.
Matt TrappyWhat do you think about the Terex name versus, like, why isn't it just Adidas, particularly for running, as opposed to, say, climbing or, you know, snow sports?
Matt TrappyThat may maybe could keep the Terex name, but trail running is broke out from Adidas running.
Matt TrappyRight.
Speaker AYeah.
Matt TrappyAnd now they have this Terex name.
Matt TrappyAnd what do you think that poses problems for them?
Speaker AWell, on.
Speaker AYes, it does.
Speaker AOn my level, I love to name.
Speaker AI love to give everything a name all the time because I romanticize giving it its own brand life.
Matt TrappyYeah.
Speaker ASo I have Borderlands trail running, but then I have open range races, because I want open range races to be its own thing.
Speaker AAnd then I want Wilder App to be its own thing.
Speaker AI used to call the podcast DFL before dnf because I wanted to give it its own life before realizing I need to call it.
Speaker AI need to settle down on some of that stuff.
Speaker ABut, you know, I'm just.
Speaker AI'm just one guy having a good time out here with Adidas doing that.
Speaker AI just wonder maybe to look at it generously, were they thinking they were going to give it its own life?
Speaker ALike, really give it its own life and let it be its own thing and that they were gonna give it different brand values, you know, were they gonna spin it off otherwise?
Speaker AI don't understand it.
Speaker AIt's not clear to me.
Speaker AAnd so because of that then I don't.
Speaker AInherently I don't like it because I don't understand it.
Matt TrappyI agree.
Matt TrappyIt doesn't, it doesn't have as much meaning and it needs therefore a lot more work to establish that meaning and carve out like you put it, that space in your, in your mind.
Speaker AYeah.
Matt TrappyAnd that I wonder how much more that is established for them in Europe versus here because all like their team, their, their marketing, everything you see comes out of Germany.
Speaker AYeah.
Matt TrappyFor, for Terex and for what we see in the trail running world.
Matt TrappyAnd you know, there's a sales team and there's some people here in the US But a lot of that messaging, a lot of that marketing comes, comes from there.
Matt TrappyAnd so it's hard for me not living there, not seeing that maybe the nuance of the difference between there and here, but that definitely, there's definitely a gap in that meaning or that communication in North America here.
Speaker AOkay.
Speaker AI have a really good example of that maybe happening the other way.
Speaker AAnd that is Satisfy is Americana in a lot of ways.
Speaker ATo me, you're right.
Speaker AAnd Bree has a clear and obvious love for the American Southwest and the myth of the cowboy and all that sort of stuff.
Speaker AAnd I love, I mean, being also that I love that stuff as well.
Speaker AI feel proud to see someone from France understanding what that is like in a, in a pure sense.
Speaker AI love that.
Speaker ABut here in Europe, I don't see anybody in Satisfy that are running.
Speaker AI see they're wearing it in a street application, like, you know, a lifestyle application.
Speaker ASo point being, when like headquarters is defining brand on a global scale.
Matt TrappyYeah.
Speaker AIt's going to nail some places and it's going to miss in others.
Speaker AAnd it feels like satisfies nailing America.
Speaker AI feel like it's missing, but I don't think they're trying really to get it over here yet.
Matt TrappyYeah.
Speaker AAnd then, so then I wonder if it goes the other way with Adidas that like maybe they're with Terex, maybe they're nailing it here in Europe and it's missing in America.
Speaker AThat's just a guess.
Speaker AI don't know.
Speaker AThinking out loud.
Matt TrappyYeah, it's a bit hard for me to yet to speak for what someone who, you know, a trail runner in Germany would say to define Terex.
Speaker AWell, I got a guy, my friend Nico Luma.
Speaker AIf you're listening, you let us know.
Speaker AHe's he's in Hamburg.
Speaker AI've had him on the podcast before, and he's an old.
Speaker AOld runner, trail runner.
Speaker AHe could let us know.
Matt TrappyPerfect.
Matt TrappyYeah, chime in.
Matt TrappyChime in.
Matt TrappyNico, tell us how much we're missing the boat here in the States.
Speaker AOkay.
Speaker ADo you have others on that list?
Speaker AThe close.
Matt TrappySo I've got.
Matt TrappyI've got.
Matt TrappyI've got a few.
Matt TrappyI've got three more on this list.
Matt TrappyThe third one being one that's just really intriguing for me.
Matt TrappyOkay, so next is New Balance.
Matt TrappyI think New Balance does so many things right.
Matt TrappyOn a broader scale.
Matt TrappyYeah.
Matt TrappyThey're now a sponsor of the WNBA in basketball.
Speaker AInteresting.
Matt TrappyWhich I think is huge and really, really smart and lucrative for them going forward.
Speaker ASome blue ocean there.
Speaker ABlue sky.
Matt TrappyI think they're.
Matt TrappyI think they're mar.
Matt TrappyAnd I'm speaking very broadly, you know, across sports right now.
Matt TrappyI think their marketing is really distinct.
Matt TrappyI think they grow their athlete team very deliberately and they market them very well.
Matt TrappyI think they do a lot of that in, you know, track and road as well with their athletes and with their products.
Matt TrappyIt's not in trail as much yet, but I think they seem to be pushing more there.
Matt TrappyThey're building out an athlete team in Europe.
Matt TrappyFrom what I can tell, they just sponsor the Mont Blanc Marathon.
Matt TrappySo I think there's.
Matt TrappySo I'm.
Matt TrappyYes.
Matt TrappySo I'm kind of watching New Balance.
Matt TrappyI think they're doing a lot of things right and they.
Matt TrappyThe way they operate is very slowly and very deliberately.
Matt TrappyAnd they're not very.
Matt TrappyJust kind of.
Matt TrappyThey don't really do things on a whim.
Speaker AYes.
Matt TrappyAnd so if I start to see that momentum into trail, sort of like there was momentum into basketball years ago.
Matt TrappyThey Very slowly, deliberately.
Matt TrappyAnd done a great job of building that out.
Matt TrappyAnd so I'm.
Matt TrappyI.
Matt TrappyThat's why I say there.
Matt TrappyI think they're sort of close in that world.
Speaker AI love it.
Speaker AI think of them as like a young heritage brand.
Speaker ASo.
Matt TrappyAnd they have that heritage that's huge because that's your whole cultural sort of, you know, storied angle.
Matt TrappyYeah.
Speaker AAnd what's funny is that to the thing I just learned from you a minute ago, I.
Speaker AWhen I think of New Balance, Shoes is like sixth on the list.
Speaker AYou know, I think of certain ad campaigns I've seen.
Speaker AI've also.
Speaker AI also would think of certain pictures of shoes, but I'm not necessarily thinking of a performance aspect.
Speaker AI'm just thinking of incredible art and the people that wear them.
Speaker AAnd, man, just.
Speaker AI Don't.
Speaker AI'm not good with like specific product numbers and all that, but some of the shoes that they've released over the years, they were just these shoes to get, you know, to just, you know.
Speaker AI think they rivaled Air Max in a lot of ways by that.
Speaker AThat customer who would wear Air Maxes around town.
Matt TrappyYep.
Speaker ASo I just, I love their aesthetic.
Speaker AI love everything about it.
Speaker ASo I would say probably the weaknesses is for me who pays attention.
Speaker AI don't have any idea what one single shoe of their trail shoe looks like.
Matt TrappyYeah, that's right.
Matt TrappyI think there's work to be done there.
Matt TrappyI totally agree.
Matt TrappyYeah, I'm sort of scob.
Matt TrappyI'll be.
Matt TrappyI want to check that out next week at Tre.
Matt TrappyBut yeah, I'm.
Matt TrappyI knew there.
Matt TrappyI knew their shoes, their trail shoes years ago, you know the.
Matt TrappyAll the, all the.
Matt TrappyWell, of course the Minimus line.
Matt TrappyRight.
Matt TrappyThat they had with.
Matt TrappyWith Tony or with Anton and.
Matt TrappyBut then they also had like when they sponsored, when they sponsored leadville, they had a 12mt 1210 or something.
Matt TrappyI might be getting that wrong.
Matt TrappyIt's been, it's been a while.
Matt TrappyBut they had like a Leadville branded shoe at one point.
Speaker AYeah.
Matt TrappyAnd they did some of that years ago with Anton.
Speaker AWas that the shoe like in the.
Speaker ASome of the old documentaries I saw of him, like that he would shave the heel of a shoe and then they ended up making for him what he was trying to recreate.
Matt TrappyYeah, that's right.
Matt TrappyHe worked on a lot of product design with them on, you know, really the whole Minimus line, the MT Tens and all these.
Matt TrappyThese really cool old shoes that were.
Matt TrappyThat was kind of when I was getting into the sport.
Matt TrappyI was all geeked out on all that.
Matt TrappyIt was really fun.
Speaker AOh, man.
Speaker AYeah, that's a good call.
Speaker AI mean, even just by the fact that I'm smiling thinking about New Balance says everything about a solid brand.
Speaker ALike they've nailed that.
Speaker AI mean the Made in USA piece is, you know, makes me proud to say, you know, you don't have to make it there.
Speaker AThat's fine if you don't.
Speaker ABut they've.
Speaker AThat has been a value of theirs and they've done it and you know, it's reflected.
Speaker AIt was reflected in the price point, but now all the price points have caught up with.
Speaker AWith their price points on some of their stuff.
Speaker ABut man.
Speaker AYeah, that's a good call that it just feels.
Matt TrappyThey do a lot.
Matt TrappyRight, right.
Matt TrappyThey do a lot.
Matt TrappyYeah, they do a lot.
Matt TrappyReally well.
Matt TrappySo if there's a little bit momentum moving into trail.
Matt TrappyI'm excited to see that.
Matt TrappyYeah, very cool.
Matt TrappyThe other one I had was On.
Matt TrappyI think they're.
Matt TrappyI think they do a lot.
Matt TrappyRight?
Matt TrappyOf course.
Matt TrappyRight.
Matt TrappyTheir.
Matt TrappyTheir numbers are absolutely killing it.
Matt TrappyFrom a trail point of view though, I want to see a little bit.
Matt TrappyI want to see more product.
Matt TrappyYeah, not really.
Matt TrappyYeah, I think that's just kind of missing.
Matt TrappyBut they do.
Matt TrappyThey do so much well.
Matt TrappyThey're really distinct brand.
Matt TrappyRight.
Matt TrappyYou can really see on's marketing when you kind of close your eyes and it's removed from the product.
Speaker AYeah.
Matt TrappyTheir, their athlete team is great.
Matt TrappyShout out to David Kilgore who does an outstanding job managing their athletes.
Matt TrappyI think he's kind of a superstar over there.
Matt TrappyThat is in the sport, right?
Matt TrappyIt is in it has presence is at the events.
Matt TrappyHe's.
Matt TrappyI think he's running seven marathons, seven days, seven continents right now.
Matt TrappyWhich is really like.
Matt TrappyHe's just in it.
Matt TrappySo that interesting goes a long way.
Matt TrappyYeah.
Matt TrappyYeah.
Matt TrappySo on also just kill, I think.
Speaker AOkay.
Speaker AI love Cirque series.
Matt TrappyThe race is really cool.
Matt TrappyRight?
Speaker ACool.
Speaker AAnd on was their sponsor for seven years.
Speaker AThey just switched to La Sportiva.
Speaker AUm, but I thought on sponsored Cirque before.
Speaker AI mean I feel like that was like a.
Speaker AA paving the way sort of move for them rather than like, hey, we're already established.
Speaker AThey were trying.
Speaker AI thought that was just really interesting move to see them on because I didn't associate them with trail rug.
Speaker AEspecially those really difficult, you know, six to nine mile races.
Speaker AI was really surprised by that.
Speaker ASo I thought it was really cool to see them get in that.
Speaker ANow, you know, they're gone.
Speaker AThey're off doing their own thing.
Speaker ADo you have any idea the future of on and Trail?
Matt TrappyI don't.
Matt TrappyI don't really.
Matt TrappyI don't really have any insight there.
Matt TrappyI'll be meeting him with a mater.
Matt TrappySo I hope those questions.
Matt TrappyYeah, I'm excited to learn about that because I think they.
Matt TrappyI think they do have more ambitions there than we've seen so far.
Matt TrappySo yeah, I'm excited to learn about it.
Matt TrappyBut yeah, at the moment I'd be.
Matt TrappyI'd be just throwing.
Matt TrappyI'd just be spitballing.
Speaker AYeah.
Speaker AIs.
Speaker AI can't think of her last name.
Speaker AAlly.
Speaker AShe's like sub Ultra or maybe like 50k specialist McLaughlin.
Speaker AIs that it?
Speaker ADoes she run for on at some point?
Matt TrappyFor hoka.
Matt TrappyUnless time are different people, maybe.
Speaker AI hate that.
Speaker AI can't think.
Speaker AI can.
Speaker AI can See, she always has her dogs at the finish line.
Matt TrappyYeah, That's.
Matt TrappyYeah, that's all.
Matt TrappyYeah.
Speaker AWas she never with on?
Matt TrappyNo, not that I.
Matt TrappyNot that I knew of.
Matt TrappyShe's.
Matt TrappyYeah.
Speaker AOkay, well, then.
Speaker AThen I'm just off then.
Speaker AThat's a.
Speaker AThat's their fault.
Speaker AThat's bad branding.
Matt TrappyYeah.
Matt TrappyThat's okay.
Matt TrappyThat's okay.
Matt TrappyThe last one I want to bring up that is sort of intriguing for me.
Matt TrappyI want to see what you think is deodorant.
Matt TrappyI think deodorant is.
Matt TrappyAnd I'm.
Matt TrappyMaybe I'm partial here.
Matt TrappyI played soccer.
Speaker AOkay.
Matt TrappyThat's where I was growing up as a kid.
Matt TrappySo I have this, like, super fond nostalgia for deodorant.
Matt TrappyYeah.
Matt TrappyI think they're a really cool product.
Matt TrappyThey have, you know, a lot of heritage and a lot of story there.
Matt TrappyIt has the whole Italian thing going on, which is sort of like romantic, but also very product oriented.
Matt TrappyRight.
Matt TrappyWhen you think of, like, Italian car brands or Italian fashion brands that they can sort of align with, I know they're doing a lot of product work.
Matt TrappyI know they've hired, at least in the States here, some.
Matt TrappySome new people to try to grow the brand.
Matt TrappyI'm excited to see where.
Matt TrappyWhere deodorant goes.
Matt TrappyI think there's a lot of potential there too.
Matt TrappyIt's a cool brand.
Speaker AYeah.
Speaker AHow old are you?
Matt TrappyI'm 43.
Matt TrappyOkay.
Speaker AI'm 41.
Speaker AMy brother played soccer.
Speaker AWe lived in Dallas, Fort Worth area.
Speaker AGreat, great soccer out there.
Speaker AD'Adora was, you know, Umbro D'Adora.
Speaker AThere's like these brands that you had to have on in the.
Speaker AOh, yeah, what, the late 80s, early 90s.
Speaker ABut when I think I saw deodorant, I saw Believe in the Run Post, something about their road shoes or whatever.
Speaker AAnd, like, I didn't even care, you know, it's a pure.
Speaker ATo me, it's.
Speaker AAnd this is maybe unfortunate for what they're trying to accomplish.
Speaker AIf they're trying to truly compete.
Speaker AThey're a nostalgia brand.
Speaker AYou know, they're like an urban outfitters nostalgia thing to me.
Speaker AAnd I would get them just because I have only fond memories of them.
Speaker ASo they're.
Speaker AThey're coming.
Speaker AIf they're entering in and trying to make a serious play, they're at a very good starting line with.
Speaker AAlready having that.
Matt TrappyI agree.
Matt TrappyI mean, like you talked about with the Solomons, how you just.
Matt TrappyYou kind of wanted them anyway.
Matt TrappyI think you have a little bit of that mindset right.
Matt TrappyWhen you see deodorant.
Matt TrappyOn the shoe.
Matt TrappyWhile they should.
Matt TrappyThey should play that up for sure, because that would be an advantage.
Matt TrappyYeah, so, yeah, that's.
Matt TrappyThat one was kind of my wild card.
Matt TrappyI wanted to throw in at the end that you don't hear thrown around all the time.
Speaker AYeah, I like it.
Speaker AYeah, it makes me want to pay attention.
Speaker ASo are they going to be at the Tre?
Matt TrappyYes, they are.
Matt TrappyOkay, so we'll be.
Matt TrappyYeah, I'll be digging a little bit there.
Matt TrappyI want to do a.
Matt TrappyI want to do an audio post at Tre.
Matt TrappySort of like a, I don't know, reportage type.
Speaker AOh, yeah.
Matt TrappyStory.
Matt TrappyYeah, a little bit like, you know, like the New York Times and some of these other podcasts do this where they're kind of like at an event and they're like talking into the mic, but then, like, then you also hear the live audio where they interview somebody and they kind of weave it all together like a.
Matt TrappyLike a audio film.
Matt TrappyYeah, I'm.
Matt TrappyI'm intrigued by that format.
Matt TrappySo I might try to put something like that might not be perfect.
Matt TrappyIt'd be my first go around at it, but I might try to get something like that.
Matt TrappyTo me.
Speaker AYeah, I think it'd be a lot of interesting stuff and.
Speaker AOkay, so speaking of the nostalgia of Deodora, as we get closer to landing the plane here, I want to get your take on this because I think my answer to this question, which I put in the text, brings back some fondness.
Speaker ABut what was there a brand that you thought was just doing great and was going to make it and keep going, and they've been gone for a while and we'd be surprised to hear their name even right now.
Matt TrappyOh, by far tops on that list is Montreal.
Speaker AOh, okay.
Matt TrappyMontreal was like total original trail running.
Matt TrappyLike.
Matt TrappyYeah, like, you know, when.
Matt TrappyWhen Jerk was smashing at Western states, he was, you know, he was like a Brooks guy.
Matt TrappyRight.
Matt TrappyBut Montreal had like, the team and then they were bought by Columbia and.
Speaker AThat'S what I was gonna say.
Matt TrappyYeah, yeah, yeah.
Matt TrappyI mean, like, Columbia's sitting on that and have done virtually nothing with that and that.
Matt TrappyI mean, what a cool, like, totally original, like, awesome trail running brand that.
Matt TrappyYeah.
Matt TrappyIs just not around.
Matt TrappyI'm sure they still own the, you know, the IP for that brand, and I'd love to see that.
Matt TrappyThat'd be cool.
Speaker AI think.
Speaker AYou know what they say, like, at least when I was a kid, I had heard that a car is considered vintage when it's 25 years old or older or something like that.
Speaker AYou know, they're getting to that point where to bring back a Montreal shoe would be like.
Speaker ALike bringing back an old Corvette or something like that.
Speaker AJust for fun, like nostalgia.
Matt TrappyIt be so cool.
Matt TrappyRight?
Speaker AYeah.
Matt TrappyI mean I know Columbia makes some trail ring shoes.
Matt TrappyI think I couldn't name any of them.
Matt TrappyI don't know if any of them are.
Speaker AYeah.
Matt TrappyIf anyone really wears them.
Matt TrappyBut man, if they brought Montreal like it's like a premium brand and just really made them like all the like really high end trail shoes.
Matt TrappyI mean Columbia's a pretty.
Speaker AGot Scott Jericho on board and Hal.
Matt TrappyKerner that you just, you could really.
Matt TrappyYou could really I think differentiate them from Columbia and make them their own thing that yeah.
Matt TrappyYou could just get a lot of traction in.
Matt TrappyIn their sport.
Matt TrappyRunning with.
Matt TrappyThat'd be really cool to see.
Speaker AThat'd be fun.
Speaker AMine is Pearl Izumi.
Matt TrappyYeah, totally.
Speaker AJust because I mean I think of like I can even see the picture in my mind.
Speaker AI can't remember who all is in it other than Dylan Bowman.
Speaker ABut there's other notables in that, you know, from that team.
Matt TrappyOther a lot of people and they were sort of a.
Matt TrappyThey were like sort of a starter team.
Matt TrappySo my friend Scott Jaime was the like the manager for the athlete team for a while and he was signing, he was signed Dylan, he signed Tim Olsen, he signed Casey Lick Tie.
Matt TrappyHe.
Matt TrappyHe signed a bunch of people that then, you know would go on to bigger contracts with bigger brands.
Matt TrappyThat was.
Matt TrappyYeah.
Matt TrappyI don't know.
Matt TrappyIs the feeder team the right word?
Matt TrappyThey were just that.
Matt TrappyThat team that was really identifying people early from.
Matt TrappyFrom an athlete point of view and.
Speaker AYeah.
Matt TrappyYeah.
Matt TrappyAnd the product was amazing at the time.
Matt TrappyI think ones and twos and threes, all those do.
Speaker AYou know.
Speaker ASo Death March running Cody at death.
Matt TrappyYeah.
Matt TrappyCody Riley.
Speaker AHe was at.
Speaker AI think he was at Pearl of Zooming.
Matt TrappyHe was at Pearl Zooming.
Matt TrappyYeah.
Speaker AYeah.
Speaker ARandom.
Speaker AOkay.
Matt TrappyYep.
Matt TrappyHe was definitely a Pearl.
Matt TrappySo.
Matt TrappyYeah.
Matt TrappyBecause they're, they're their offices right down the street.
Matt TrappyI live in Louisville right outside of Boulder and that's where Pearl's office was.
Matt TrappyThey have a super nice building here right on the hill, right on trail.
Matt TrappyIt's a really good spot.
Matt TrappySo.
Matt TrappyBut yeah, of course they're really into cycling as well.
Matt TrappyRight.
Matt TrappyAnd I think that they made really premium products but had a bit of a branding connotation in cycling too.
Speaker AYeah.
Speaker AOkay.
Speaker AI'd say the way that you, that you talk about brands is from like a true enjoyment of it.
Speaker AYou know, that's fun and so when you are then starting your own.
Matt TrappyYeah.
Speaker ADo you feel like without your sportif, can you see it with as much clarity as you could, let's say if Ultra was hiring you to consult, you know what I mean?
Speaker ALike, when it's your own brand, can you build it?
Speaker AIs it harder to build it?
Speaker AWhat do you, what are you experiencing right now?
Matt TrappyIt is, it is only harder to build it because it's.
Matt TrappyI'm building it from nothing.
Speaker AYeah.
Matt TrappyAnd so you're defining the brand and yeah, it's our tourist sportif where it's defining the brand from.
Matt TrappyFrom nothing and doing it with no resources.
Matt TrappyRight.
Matt TrappyWhen you're, when you're starting out.
Matt TrappySo that, that's the challenge.
Matt TrappyBut I'm, but I'm starting to feel that as I do more things there's.
Matt TrappyIt like snowballs a little bit and it starts to become easier for me the more I, you know, with every product that I'm putting out or every film that I'm making, it's defining it more clearly in my head as I'm going.
Matt TrappyAnd it's.
Matt TrappyYeah, there's a bit of a snowball effect there, but I view it as sort of a lab for me to play and try things based on what I'm learning, what I'm talking about, what I'm seeing going well or not well, and then just kind of adapting what, what I'm interested in to.
Matt TrappyYeah.
Matt TrappyCreating this, this Persona of a brand for myself.
Matt TrappyAnd that's a lot of fun.
Speaker AYeah.
Speaker AI think since we have somewhat of a overlap on the, you know, product is not in our, I don't know, for me, not in my core competent competency.
Speaker ADo you find it hard to even think about the actual product itself sometimes?
Speaker AAnd you're so consumed with the storytelling and all of that sort of stuff.
Speaker AAre you feeling like pretty balanced in your approach?
Matt TrappySo.
Matt TrappyNo, like I actually really enjoy the product but I'm coming at it from like a lifestyle product point of view.
Matt TrappyI'm not trying to make a performance product.
Matt TrappyI think that's hard and expensive and takes a lot of time if you're just starting a brand.
Matt TrappyI think so.
Matt TrappyI think lifestyle is a lot sort of easier in that from that angle, but it also is just far more interesting to me.
Matt TrappySo I want to try to make a premium nice product.
Matt TrappyLike the shirt I have on, like this 385 gram cotton, like it's really like nice and yeah, it will hopefully last a while.
Matt TrappyIt's not just like the cheapest cotton shirt and therefore it's not the cheapest to buy as well, but so, no, I'm, I'm really enjoying product and that's been somewhere for me.
Matt TrappyI always love learning about things, so I've learned so much about making product and working with factories overseas and tech packs, which I'm terrible at.
Matt TrappyBut like, just, just learning all of this is really, really, really a fun time for me.
Matt TrappyAnd so, yeah, no, I really enjoy the product.
Speaker AAfter you get out more documentaries and do more of the stuff that's in your head, what do you hope that people are going to say about what you're building at Auteur Sportif?
Speaker AYou know, in the same way that we've been doing with all these other brands.
Speaker AWhat do you hope they're saying?
Speaker ATwo other guys sitting here.
Matt TrappyYep.
Speaker ATalking about it.
Speaker AWhat do you hope they think?
Speaker AWhat lives in their mind?
Matt TrappySo, so this is where, this is where I started from.
Matt TrappyI mean, I didn't know anything, but I knew this.
Matt TrappyWhen you're at a, at a race or when you're out on a trail there, there's a magic component to this sport that has absolutely nothing to do with performance.
Matt TrappyAnd you leave a hundred mile race and say you ran the race and you're destroyed.
Matt TrappyRight.
Matt TrappyBut like mentally you feel so energized by the community, by the stories, by the support from people that you take that intangible sort of spirit of it away.
Matt TrappyAnd I want it to, I want the brand to stand for that.
Matt TrappyI want the brand to mean that just in that intangible magic of running, which is a phrase I write about a lot with the brand.
Matt TrappyJust like the magic of running.
Speaker AYes.
Matt TrappyAnd I wanted to really stand for that.
Matt TrappyIt's not performance oriented at all.
Matt TrappyAnyone can run and anyone can experience this, whether you're at the front of the pack or the back of the pack.
Matt TrappyI think it connects everybody within the sport.
Matt TrappyAnd yeah, I think it's hard for a lot of performance brands to tell that story.
Matt TrappyI think a lifestyle brand can tell that story a bit, a bit better without having to talk about our, you know, our shoe being the fastest or whatever.
Matt TrappyRight.
Matt TrappySo yeah, that, that's, that's the story of the brand that trying to communicate through films and then personify through product.
Matt TrappyI think, you know, I've listened to a lot of interviews and read a lot of articles with, with Brice Parts from Satisfy and he talks about the product being the merch from the concert and that, that is so powerful for me.
Matt TrappySo I want, yeah, I really want the product to be the, to be the merch from that concert to represent that story and that experience.
Speaker AYeah, man, that's great.
Speaker AWell, I look forward to seeing what comes of it.
Speaker AI look forward to listening to the podcast or however you choose to release your tre experience next week.
Matt TrappyYeah, hopefully that'll be on my substack.
Matt TrappyI've got to see how quickly I can get it out.
Matt TrappyThe other thing to watch out for though is through our tour sportif.
Matt TrappyI have another film coming out, it looks like next Friday.
Speaker AOh, wow.
Matt TrappyThat's the first I've told anybody that publicly.
Matt TrappyI was hoping to get it out this Friday, which would be tomorrow and I'm not going to make it.
Matt TrappySo I think, I think it'll be next Friday.
Matt TrappyBut I'm telling the story of Gina Lucrezi in Buena Vista, Colorado, who first started, started Trail Sisters.
Matt TrappyShe ran for.
Matt TrappyShe was so inspired by the impact that she was able to have at, you know, Trail Sisters advocating for women in the sport that she got involved in local government in Buena Vista and just ran for county commissioner of Chaffee County.
Matt TrappyAnd so I, yeah, so I followed her and made a short film about that story.
Matt TrappyAnd it's, it's really, really cool to see someone in our sport, you know, kind of just extending the inspiration that they, you know, caught in, in running to, to the wider world is really, really awesome.
Speaker AI have a lot of fond memories in Buena Vista, Colorado.
Speaker AIt's a phenomenal area.
Matt TrappyIt's a great place.
Matt TrappyThat's a great place.
Matt TrappyThe whole valley slido, all of it is really great place.
Matt TrappyYeah.
Speaker AWell, man, thanks for joining me today.
Speaker AI'll make sure and link everything up in the show notes and.
Speaker AYeah, let's do it again.
Matt TrappyAppreciate it.
Matt TrappyWe'll talk soon.
Matt TrappyThanks.
Speaker ABorderland Somehow we're still not learning Borderlands.
Speaker AWe still suck at running.