WEBVTT - FLASHBACK - How creatives claim a seat at the table or build their own w/ Bimma Williams

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<v Speaker 1>Afro Tech is back in Austin, Texas this November is

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<v Speaker 1>the place for all things black, tech and Web three.

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<v Speaker 1>The in person afro Tech Conference experience is bridging the

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<v Speaker 1>worlds of afro technologists, innovators, investors, corporations, musicians, and everyone

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<v Speaker 1>in between. So pull up, grab your crew, and grab

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<v Speaker 1>your tickets and join us at the largest black professional

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<v Speaker 1>conference of the gear. This experienced the afro Tech Dot

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<v Speaker 1>Count to learn more. Our travels continue this past week

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<v Speaker 1>in Seattle with Amazon for Amazon Accelerating the Black Business Accelerator,

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<v Speaker 1>where I got a chance to finally meet all of

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<v Speaker 1>my mentees in person. Each of them are black founders

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<v Speaker 1>working to make their dreams of reality. If you want

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<v Speaker 1>to check out who they are my mentees that is,

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<v Speaker 1>check out my post on I g um at Will

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<v Speaker 1>Lucas on I g and you can see my peoples.

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<v Speaker 1>This week, I'm in l A for afro Tech Executive

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<v Speaker 1>l A. Um. Just I'm just about lost count of

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<v Speaker 1>all the afro Tech Executive events. Let's see, we kicked

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<v Speaker 1>it off in l A. They went to Miami, hopped

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<v Speaker 1>over to Brooklyn, d C. A couple of months ago,

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<v Speaker 1>and now we're back in l a so I guess

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<v Speaker 1>that makes this number five and especial number five. It

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<v Speaker 1>is to be back in the City of Angels. And

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<v Speaker 1>with all this road talk, I'm digging into the archives

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<v Speaker 1>for a special episode which features Beatmon Williams, and he

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<v Speaker 1>knows a lot more about fashion and upcoming designers than most.

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<v Speaker 1>On this episode, we discussed podcasting and media, leveraging your

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<v Speaker 1>brand for value in parallel verticals, and that was a lot.

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<v Speaker 1>It'll make sense when you get into the episode, and

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<v Speaker 1>how to keep your finger on the pulse of what's

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<v Speaker 1>hot so you can spire trends and capitalized early. It's

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<v Speaker 1>black teching money, Let's get into it. Afro Tech teen Oakland, California.

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<v Speaker 1>Al finds out Morris, who's at the time of product

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<v Speaker 1>designer at Corsera, the world's leading online education The platform

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<v Speaker 1>isn't an afrotech lounge, and he drops rough with three

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<v Speaker 1>keys about making it. As a designer for tech companies,

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<v Speaker 1>we work on web apps, websites. It's interesting because a

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<v Speaker 1>product designer is responsible for all the stages of developing

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<v Speaker 1>a product, where some people might think of a visual

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<v Speaker 1>designer as what it looks like or ux designer as

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<v Speaker 1>what it feels like a product designer is actually umbrella

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<v Speaker 1>of all of the stages of developing a product. So

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<v Speaker 1>we do strategy, we do discovery, we do brainstorming, we

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<v Speaker 1>do prototyping, we do wire framing and information architecture and

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<v Speaker 1>visual design as well as we have a close relationship

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<v Speaker 1>with engineering, usually because that's who ends up developing the

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<v Speaker 1>actual product. I think the biggest myth that I hear

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<v Speaker 1>is you have to be an engineering to be in tech,

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<v Speaker 1>And I understand why people think that, but that's why

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<v Speaker 1>I also said the biggest myth that I hear tech

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<v Speaker 1>has so tech is so big, there's so many layers

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<v Speaker 1>that engineering is honestly just one slice of the pot.

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<v Speaker 1>That's who responsible for building a product. But you got

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<v Speaker 1>the marketing team, you got the advertising team, you got

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<v Speaker 1>ux writers, you got conscious strategist, You've got designers, you

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<v Speaker 1>got data scientists, you got product managers, project managers, design leads.

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<v Speaker 1>There's so many different lanes in tech that if more

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<v Speaker 1>people knew that there was other positions besides for engineering

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<v Speaker 1>and tech, I think you would see a lot more

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<v Speaker 1>people of color in text. What skills are necessary to

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<v Speaker 1>become a product designer in twenty. I would say you

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<v Speaker 1>definitely need to know a design to app, for example,

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<v Speaker 1>a sketch or a figma. You definitely need to know

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<v Speaker 1>about data as far as quantitative versus qualitative. You definitely

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<v Speaker 1>need to understand apps. And I would tell everybody something

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<v Speaker 1>that a skill that they can learn on their own

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<v Speaker 1>is to take out their phone and play with some

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<v Speaker 1>of the apps that's on their phone and judge the app,

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<v Speaker 1>what you like about the app, what you don't like

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<v Speaker 1>about the app, And after you do that little app

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<v Speaker 1>review with yourself, see what part of that process stood

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<v Speaker 1>out to you. And that's a laye that you might

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<v Speaker 1>be able to follow into product design because that's what

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<v Speaker 1>you're interested in. So there's a lot of design tools

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<v Speaker 1>you can learn. There's a lot of books and methodologies

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<v Speaker 1>you can read, but there's a lot of social media

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<v Speaker 1>places you can go to to get inspiration and follow

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<v Speaker 1>leaders in the industry. So I would say start with

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<v Speaker 1>a design tool, but also a lot of research. Do

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<v Speaker 1>you need to go to a four year school to

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<v Speaker 1>become a designer? Which is pretty much saying do I

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<v Speaker 1>need a degree to become a designer? No, I don't

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<v Speaker 1>think there's a threshold of when somebody can actually not

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<v Speaker 1>be called the designer, you know what I mean, Or

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<v Speaker 1>you don't become a designer once you get a degree.

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<v Speaker 1>You would go to college for design if there was

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<v Speaker 1>something super specific that you wanted to study. Can you

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<v Speaker 1>go to a boot camp? Yes, But I also think

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<v Speaker 1>you can become a self taught designer like I did.

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<v Speaker 1>I just spent every second that I could learning this software.

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<v Speaker 1>And as I did that, I grew and I understand

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<v Speaker 1>and I learned more about becoming a designer and what

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<v Speaker 1>it takes to be a designer. So I'm all for

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<v Speaker 1>four year colleges, but I'm also for allline education. I

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<v Speaker 1>worked at an allline ad company, CorCE Era. But I

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<v Speaker 1>also believe in somebody spending the time to use the

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<v Speaker 1>resources that's available through social media or medium or Twitter

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<v Speaker 1>or LinkedIn. So no, I do not think you need

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<v Speaker 1>to go to college to become a designer, and I

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<v Speaker 1>don't think you'll be a better designer if you go

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<v Speaker 1>to college. I think it's about preference and where you

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<v Speaker 1>want to go, because certain positions may require a degree,

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<v Speaker 1>and if they require that degree, then you should probably

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<v Speaker 1>get it. But I don't think the degree will make

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<v Speaker 1>you the designer. That's what I'm saying. You gotta feel

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<v Speaker 1>the not inside that you're a designer and you gotta

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<v Speaker 1>show her through the work and the product actually produce.

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<v Speaker 1>I'm Will Lucas and this is Black Tech Dream Money.

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<v Speaker 1>I'm gonna introduce you to some of the biggest names,

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<v Speaker 1>some of the brightest minds and brilliant ideas. If you're

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<v Speaker 1>black in building, simply using textis to kill your back.

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<v Speaker 1>This podcast is for you. Pete mc williams is a

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<v Speaker 1>tenure creative industry leader and executive and is currently host

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<v Speaker 1>of Claim Up, a career discovery podcast to help black

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<v Speaker 1>and brown creators discover their dream careers, and it's rated

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<v Speaker 1>number one in iTunes. He was also previously in global

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<v Speaker 1>entertainment marketing at Nike and global footwear product marketing for

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<v Speaker 1>Yeasy at Adidas, and he's held other creative roles at

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<v Speaker 1>global brands. This is a strong bridge between technology and

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<v Speaker 1>creative industries, where to be through how creative work is distributed,

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<v Speaker 1>the opportunity to collaborate with other creatives, or how creatives

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<v Speaker 1>actually create. Maybe it's a hot new app as being

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<v Speaker 1>a how has technology opened up the floodgates on how

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<v Speaker 1>creators can monetize their work in intellectual property. Oh my

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<v Speaker 1>goodness has changed everything, right if you think about it,

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<v Speaker 1>we got to go go back just a time bit

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<v Speaker 1>before you could monetize whatever you were doing, right, And

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<v Speaker 1>so I think back to the time of like when

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<v Speaker 1>we think about this creator kind of community that's happening

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<v Speaker 1>in the midst of of tech creator economy. There are

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<v Speaker 1>times you're talking like two thousands eleven, two thousands and

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<v Speaker 1>tens specifically where you know, Facebook was maturing, Instagrams coming online,

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<v Speaker 1>Twitter's pretty mature, and some of these other things starting

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<v Speaker 1>to pop up. And at the time people had like

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<v Speaker 1>these these big followings, but there was no way for

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<v Speaker 1>you to really do anything with from a monetization standpoint, right,

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<v Speaker 1>Like you might get something here and there. But when

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<v Speaker 1>you think about today and how those tools that really

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<v Speaker 1>advanced to literally you can literally have like a Patreon

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<v Speaker 1>account where you can get a subscription model going for

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<v Speaker 1>for and that becomes a business. Right Other than that,

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<v Speaker 1>folks are selling merch which is still a great you know,

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<v Speaker 1>revenue generator for a business, but from a tech perspective,

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<v Speaker 1>you weren't able to charge people's subscriptions seamlessly. You weren't

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<v Speaker 1>able to have digital events where people could pay to

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<v Speaker 1>attend those events um and then just the seamlessness of

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<v Speaker 1>those services. It didn't exist at that time. And you

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<v Speaker 1>think about now Apple, Apple now doing that directly through

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<v Speaker 1>Apple Podcasts from a tech sign right Like, these are

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<v Speaker 1>leaps and bounds from where we were a decade ago.

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<v Speaker 1>I wonder your thoughts on, you know, and I appreciate

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<v Speaker 1>everybody out there, whatever stage of the entrepreneurial journey they're own,

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<v Speaker 1>But I wonder your what what do you think when

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<v Speaker 1>you see people who may have in their bio you

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<v Speaker 1>know they're a designer or whatever, but the products may

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<v Speaker 1>just be the T shirt that they started. And again,

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<v Speaker 1>I appreciate everybody's journey because you've got to start somewhere.

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<v Speaker 1>But I wonder, like, at what point is somebody a

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<v Speaker 1>bona fide design At what point am I at least

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<v Speaker 1>in the direction of being like a Jeff Staple versus

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<v Speaker 1>somebody who bought some Haynes T shirts or something, you

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<v Speaker 1>know what I'm saying, and put my logo on them

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<v Speaker 1>and I'm selling them and it still has the tag

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<v Speaker 1>from Hans or your you know, American apparel or whatever, like,

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<v Speaker 1>at what point, from your perspective, and this is your perspective,

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<v Speaker 1>is somebody really on the right road to becoming a

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<v Speaker 1>real designer? Right? So, well, one thing I want to

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<v Speaker 1>touch on that that you said is at a certain degree,

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<v Speaker 1>you could be a designer at multiple different levels, right

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<v Speaker 1>if if if if you have a graphic that shows

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<v Speaker 1>upon a T shirt, you are a designer, and there's

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<v Speaker 1>a space and a place for you to show up

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<v Speaker 1>in the industry in different ways. When you think of

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<v Speaker 1>the traditional word, uh, designer, and I think in this instance,

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<v Speaker 1>if you're thinking about maybe the consumer that's looking at

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<v Speaker 1>it versus the brand that's looking at it, um the

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<v Speaker 1>brand and working with partners, that typically comes down to

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<v Speaker 1>like a product designer, can you design a product from

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<v Speaker 1>start to scratch that shows up as this new thing? Right?

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<v Speaker 1>And so when we think about if you take it

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<v Speaker 1>to a T shirt, you could be considered a graphic

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<v Speaker 1>designer if you design that graphic that shows up on

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<v Speaker 1>that printed shirt. Another level of design is also a

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<v Speaker 1>designer that decided like, hey, I like the way that

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<v Speaker 1>that shirt is, but I want to change the entire

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<v Speaker 1>shape of that shirt, So you might come change, right,

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<v Speaker 1>you might come change how you know the shoulder lines

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<v Speaker 1>fall here, you might change the whiff and the boxingness

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<v Speaker 1>of the shirt. You might change you know, the size

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<v Speaker 1>of the neckline, etcetera. Like those are different iterations of design.

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<v Speaker 1>I think if you think about a Jeff Staple level designer, Jeff,

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<v Speaker 1>Jeff Staple is a designer that has been through multiple

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<v Speaker 1>phases and iterations in his career. Right, Jeff has a

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<v Speaker 1>background in graphic design. Jeff has also now been able

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<v Speaker 1>to jump into industrial and product design. I think he's

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<v Speaker 1>even got projects where he's designed bikes now. Right. It

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<v Speaker 1>just comes from different levels of experience, and I also

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<v Speaker 1>think you have to think about if you're thinking about

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<v Speaker 1>it from a career side, you have to also think

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<v Speaker 1>about where you want to go. For example, if you

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<v Speaker 1>want to design sneakers, right, that as a tangible product,

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<v Speaker 1>it does not come from maybe eveneering, which is what

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<v Speaker 1>we consider when maybe you add colors to a retro

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<v Speaker 1>sneaker like a Jordan, right, and now if you have

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<v Speaker 1>a totally new Jordan, like a Jordan thirty six that

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<v Speaker 1>likely went through a whole eighteen month, sixteen month, maybe

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<v Speaker 1>even longer process to design with multiple people working on

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<v Speaker 1>different parts of that sneaker. Yeah, and we're gonna come

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<v Speaker 1>back to that because you just sparked so many ideas

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<v Speaker 1>that that come to me. But I wonder before we

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<v Speaker 1>want to continue setting the stage here before we go

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<v Speaker 1>deeper into this, UM, I wonder how a designer who's

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<v Speaker 1>really put in the work, how do they become a brand?

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<v Speaker 1>Because I think about, like, how did what was the

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<v Speaker 1>work like in Virgil of Virgil a blow deal or

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<v Speaker 1>like a Darryl Brown? Or at what point? At what

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<v Speaker 1>point are they a brand that broke out got shelf

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<v Speaker 1>space at Barney's or whatever? Like, at what point do

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<v Speaker 1>you get to that? Like what are the moves you

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<v Speaker 1>have to make right? Or or the person you need

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<v Speaker 1>to know? What is it that gets me there? Right?

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<v Speaker 1>I think the two interesting things that are the one

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<v Speaker 1>interesting thing that that comes from the two folks that

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<v Speaker 1>you just mentioned is that, uh, they came from under

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<v Speaker 1>a certain designer and creative and that design and creative

0:12:34.120 --> 0:12:37.880
<v Speaker 1>being Kanye West. And you have to think about when

0:12:38.000 --> 0:12:41.320
<v Speaker 1>you are building a brand, right, the benefit of being

0:12:41.920 --> 0:12:45.000
<v Speaker 1>a brand yourself or being at a brand. Uh, if

0:12:45.000 --> 0:12:47.600
<v Speaker 1>you're thinking about it through a business lens. Is the

0:12:47.760 --> 0:12:51.720
<v Speaker 1>visibility that that brand can offer, right, the doors that

0:12:51.760 --> 0:12:54.240
<v Speaker 1>that brand can open, the conversations that you could be at,

0:12:54.280 --> 0:12:56.160
<v Speaker 1>the tables that you could sit at, the tables that

0:12:56.160 --> 0:12:59.320
<v Speaker 1>you can then build right after you've you've you've been

0:12:59.360 --> 0:13:02.440
<v Speaker 1>through kind of that journey. And when I think of

0:13:02.520 --> 0:13:05.280
<v Speaker 1>someone like Darre, I think of someone like Virgil. The

0:13:05.360 --> 0:13:08.360
<v Speaker 1>start of that was they had to set that foundation

0:13:08.440 --> 0:13:10.520
<v Speaker 1>for being a designer, Like where did they start to

0:13:10.559 --> 0:13:13.360
<v Speaker 1>cultivate those initial skills? Right? We know Virgil went to

0:13:13.480 --> 0:13:15.960
<v Speaker 1>ri Is, the we know Daryl has his background had

0:13:16.000 --> 0:13:18.680
<v Speaker 1>to start somewhere, so they had some sort of understanding

0:13:18.760 --> 0:13:21.920
<v Speaker 1>about design to begin with. I think after you have

0:13:22.080 --> 0:13:25.560
<v Speaker 1>that particular experience, you want to start to figure out, Okay,

0:13:25.559 --> 0:13:28.160
<v Speaker 1>how can I like get more experience that takes me

0:13:29.120 --> 0:13:31.520
<v Speaker 1>a level above maybe you know some of the other

0:13:31.559 --> 0:13:33.920
<v Speaker 1>designers because the space is crowded, right, There's a lot

0:13:34.000 --> 0:13:36.040
<v Speaker 1>of folks that want to be in design, a lot

0:13:36.080 --> 0:13:37.800
<v Speaker 1>of folks want to be creatives, a lot of folks

0:13:37.840 --> 0:13:41.199
<v Speaker 1>want to be small business owners and entrepreneurs. And so

0:13:41.400 --> 0:13:44.040
<v Speaker 1>if if if that next step for you is like, Okay,

0:13:44.080 --> 0:13:46.439
<v Speaker 1>how can I start to separate myself. Then naturally you're

0:13:46.480 --> 0:13:49.480
<v Speaker 1>looking for experiences that are going to do that. That

0:13:49.640 --> 0:13:53.520
<v Speaker 1>usually starts with a network, right That is that next

0:13:53.559 --> 0:13:57.040
<v Speaker 1>phase is a huge like separator from the pack, and

0:13:57.080 --> 0:13:59.199
<v Speaker 1>it's all about what sort of network that you can

0:13:59.200 --> 0:14:01.560
<v Speaker 1>get into. Some networks come from going to work at

0:14:01.559 --> 0:14:04.000
<v Speaker 1>other brands. For example, I want to go work at

0:14:04.160 --> 0:14:07.920
<v Speaker 1>soken E, Adidas, and Nike. There's a certain thing that

0:14:07.960 --> 0:14:10.520
<v Speaker 1>comes when you're able to get into that because proximity

0:14:10.720 --> 0:14:13.840
<v Speaker 1>puts you into certain circles. If you're thinking about a

0:14:13.920 --> 0:14:17.800
<v Speaker 1>Darrow or a Virgil, you have to imagine before we

0:14:17.920 --> 0:14:21.880
<v Speaker 1>knew Virgil as Vergil today, Virgil was in the Easy

0:14:21.920 --> 0:14:24.440
<v Speaker 1>and Kanye camp for several years and no one knew

0:14:24.480 --> 0:14:27.320
<v Speaker 1>who he was. And at the time, you know, Virgil

0:14:27.520 --> 0:14:30.760
<v Speaker 1>is continuing to get more experience as a design himself.

0:14:31.040 --> 0:14:34.600
<v Speaker 1>He is also um getting challenge with all these different

0:14:34.600 --> 0:14:36.880
<v Speaker 1>creatives that come through that network of which he has

0:14:36.920 --> 0:14:39.680
<v Speaker 1>been working with. And then in addition to that, he

0:14:39.880 --> 0:14:42.800
<v Speaker 1>is getting, you know, his own ideas about what it

0:14:42.880 --> 0:14:46.040
<v Speaker 1>might look like for him to create his own brand.

0:14:46.400 --> 0:14:48.000
<v Speaker 1>And when you think about a brand, a lot of

0:14:48.000 --> 0:14:49.920
<v Speaker 1>times people think about brands and they're like, it's a

0:14:49.960 --> 0:14:53.480
<v Speaker 1>logo and they think it's a name. That's not a brand,

0:14:53.880 --> 0:14:57.440
<v Speaker 1>Like that's a logo, it's a it's a design thing

0:14:57.520 --> 0:15:00.080
<v Speaker 1>that tells you what the brand is. The brand and

0:15:00.200 --> 0:15:02.520
<v Speaker 1>his heart right, the brand is purpose. The brand is

0:15:02.560 --> 0:15:04.880
<v Speaker 1>how do you make people feel If we leave this

0:15:04.960 --> 0:15:08.400
<v Speaker 1>call today and will remember nothing else, he remembers that

0:15:08.440 --> 0:15:11.320
<v Speaker 1>I talked about careers, that's a brand. The brand is

0:15:11.400 --> 0:15:15.240
<v Speaker 1>what you leave here on that person that you intend

0:15:15.240 --> 0:15:17.200
<v Speaker 1>to connect with. That's what a brand is. And so

0:15:17.320 --> 0:15:20.520
<v Speaker 1>when you think about Virgil right at this current point

0:15:20.560 --> 0:15:23.040
<v Speaker 1>in time, his his brand is always going to shift

0:15:23.080 --> 0:15:25.520
<v Speaker 1>as a as a creative, that's what he should do.

0:15:25.600 --> 0:15:29.480
<v Speaker 1>But his current brand sits around this kind of deconstruction

0:15:29.880 --> 0:15:33.920
<v Speaker 1>of design really be mystifying democratizing design, if you will.

0:15:33.920 --> 0:15:36.920
<v Speaker 1>When you think about Darryl, he's really down this path

0:15:37.000 --> 0:15:39.720
<v Speaker 1>of work where and actually doing authentic work where and

0:15:39.880 --> 0:15:42.960
<v Speaker 1>coming from this different perspective. And so that's what brands are.

0:15:42.960 --> 0:15:45.040
<v Speaker 1>It's what. It's not a name, it's what what does

0:15:45.080 --> 0:15:47.320
<v Speaker 1>it make that person feel? What does that takeaway when

0:15:47.360 --> 0:15:49.280
<v Speaker 1>you're no longer in the room or in that presence.

0:15:50.520 --> 0:15:53.200
<v Speaker 1>But like at some point there has to be where

0:15:53.280 --> 0:15:55.920
<v Speaker 1>the name doesn't hit an inflection point because how do

0:15:55.920 --> 0:15:58.240
<v Speaker 1>you get people to pay attention? So I imagined and

0:15:58.280 --> 0:16:01.960
<v Speaker 1>tell me if I'm wrong, But I imagine I found

0:16:02.040 --> 0:16:04.440
<v Speaker 1>out like Daryl's from my hometown, so I knew that.

0:16:04.920 --> 0:16:08.000
<v Speaker 1>So I'm like, but like with his stuff really hit,

0:16:08.200 --> 0:16:10.920
<v Speaker 1>you know, the upward trajectory, because I saw Lebron wearing

0:16:10.960 --> 0:16:13.600
<v Speaker 1>it in a press conference and so I'm like, so

0:16:13.920 --> 0:16:17.040
<v Speaker 1>does you talked about proximity? So is it that you

0:16:17.080 --> 0:16:20.680
<v Speaker 1>need because the marketplace is so crowded, do you need

0:16:20.760 --> 0:16:25.240
<v Speaker 1>that co sign? You need? You need a concert of

0:16:25.280 --> 0:16:27.840
<v Speaker 1>co signs is what I would call it. Right. You

0:16:27.880 --> 0:16:32.360
<v Speaker 1>need several things working for you, almost citaneously, right in

0:16:32.440 --> 0:16:35.360
<v Speaker 1>order to have that sort of that presence. Right for Daryl,

0:16:35.760 --> 0:16:38.160
<v Speaker 1>it's a couple of different things that happened, right, Like

0:16:38.760 --> 0:16:43.520
<v Speaker 1>Darryl came into my my, my mo mental when he

0:16:43.560 --> 0:16:46.880
<v Speaker 1>was doing the hats, the real Friends hats, right, So

0:16:46.920 --> 0:16:48.440
<v Speaker 1>that was like one of the things that started to

0:16:48.480 --> 0:16:51.400
<v Speaker 1>bubble and it started to circulate in the in the

0:16:51.440 --> 0:16:53.880
<v Speaker 1>pr But then you know, as you look at him,

0:16:53.920 --> 0:16:57.920
<v Speaker 1>now he was a stylist for Kanye West for a

0:16:57.920 --> 0:17:00.280
<v Speaker 1>certain point in time, So then you have that sign

0:17:00.360 --> 0:17:03.400
<v Speaker 1>that raises his profile of bit and then he's seating folks,

0:17:03.480 --> 0:17:06.840
<v Speaker 1>and then he's developing relationships, and then he's doing partnerships

0:17:06.840 --> 0:17:11.560
<v Speaker 1>with different brands. Those things actually start to propel you

0:17:11.760 --> 0:17:14.239
<v Speaker 1>to a different lane. It's not just gonna be that

0:17:14.359 --> 0:17:17.000
<v Speaker 1>one Lebron seating that's gonna do it. It's gonna be

0:17:17.040 --> 0:17:19.560
<v Speaker 1>the Lebron hit, and then it's gonna be oh yeah,

0:17:19.600 --> 0:17:22.080
<v Speaker 1>this is the brand of watch because Complex just you know,

0:17:22.200 --> 0:17:25.080
<v Speaker 1>listed Darrow as the brand to watch. And then oh yeah,

0:17:25.160 --> 0:17:28.880
<v Speaker 1>Kanye is wearing those pants that you know, Daryl just designed.

0:17:28.920 --> 0:17:31.560
<v Speaker 1>And so it is always you know, I think Darrel

0:17:31.760 --> 0:17:34.159
<v Speaker 1>is you know, working on a couple of other projects too.

0:17:34.240 --> 0:17:38.080
<v Speaker 1>Like it's always a concert of things. It's never just

0:17:38.160 --> 0:17:40.240
<v Speaker 1>one thing. But if I'm talking to someone who is

0:17:40.640 --> 0:17:42.919
<v Speaker 1>vastly interested that, I would say, yo, like it is

0:17:43.000 --> 0:17:45.280
<v Speaker 1>one your network, right, Do you have a network of

0:17:45.840 --> 0:17:50.320
<v Speaker 1>other designers or a community of people that work in

0:17:50.320 --> 0:17:53.120
<v Speaker 1>that fashion space that you can you know, send products

0:17:53.119 --> 0:17:55.080
<v Speaker 1>to get their feedback, if they like they might wear it,

0:17:55.240 --> 0:17:58.320
<v Speaker 1>might show up somewhere. That's great. Can you do collaborations

0:17:58.400 --> 0:18:01.959
<v Speaker 1>with with other people? Is mutually beneficial and it's not

0:18:02.080 --> 0:18:05.600
<v Speaker 1>just about oh, we did a collaboration and you wanted

0:18:05.600 --> 0:18:07.160
<v Speaker 1>to show up on the site. You know, we're kind

0:18:07.160 --> 0:18:09.879
<v Speaker 1>of past that from from you know, a culture standpoint,

0:18:09.960 --> 0:18:12.880
<v Speaker 1>like that's been done before, like what's the meaning behind that?

0:18:13.480 --> 0:18:17.000
<v Speaker 1>And then storytelling. A lot of folks are really doubling

0:18:17.040 --> 0:18:20.280
<v Speaker 1>down on how they storytell, how they bring these ideas

0:18:20.320 --> 0:18:22.439
<v Speaker 1>of their brands to life, and those things start to

0:18:22.480 --> 0:18:25.600
<v Speaker 1>circulate and gain attention. Uh So I would say it's

0:18:25.600 --> 0:18:28.640
<v Speaker 1>a it's a concert kind of those different ideas building

0:18:28.680 --> 0:18:32.800
<v Speaker 1>momentum over time. Just for everybody watching live on lunch

0:18:32.840 --> 0:18:35.480
<v Speaker 1>Table or Facebook right now, we do have producers watching

0:18:35.480 --> 0:18:38.040
<v Speaker 1>the chat, so feel free to drop your comments, questions,

0:18:38.119 --> 0:18:40.399
<v Speaker 1>or other inside the chat, and if you know we

0:18:40.400 --> 0:18:42.360
<v Speaker 1>can get to it, we would certainly do our best

0:18:42.359 --> 0:18:44.800
<v Speaker 1>to get to them. And feel free to be selfish

0:18:44.800 --> 0:18:46.600
<v Speaker 1>and specific because I want to make sure we're being

0:18:46.640 --> 0:18:50.200
<v Speaker 1>we're bringing actual value to you in your situation. Um,

0:18:50.240 --> 0:18:52.840
<v Speaker 1>so go ahead and drop that stuff in the chat.

0:18:53.000 --> 0:18:57.639
<v Speaker 1>So I wonder how collapse work and how money is made,

0:18:57.720 --> 0:18:59.480
<v Speaker 1>and so you think about some of the names we

0:18:59.520 --> 0:19:02.240
<v Speaker 1>talked about, all the Virgils, the Darrel's, the Jeff Staples

0:19:02.280 --> 0:19:05.600
<v Speaker 1>instead who have done collaborations with other brands, and one

0:19:05.640 --> 0:19:08.800
<v Speaker 1>that specifically struck my interest when I was preparing for

0:19:08.840 --> 0:19:11.360
<v Speaker 1>this talk was like the Little nos X and Mischief

0:19:12.240 --> 0:19:14.960
<v Speaker 1>for the Demons shoe And I wonder, number one, how

0:19:15.119 --> 0:19:19.240
<v Speaker 1>do collaborations make money for the designer? And to like

0:19:19.359 --> 0:19:22.760
<v Speaker 1>the Mischief one with Nike said we don't have anything

0:19:22.760 --> 0:19:24.840
<v Speaker 1>to do with this, So how did they even get this?

0:19:25.400 --> 0:19:27.040
<v Speaker 1>How did they get all of the sneakers to be

0:19:27.119 --> 0:19:29.840
<v Speaker 1>able to you know, hack them up and then put

0:19:29.840 --> 0:19:32.640
<v Speaker 1>them Like how did that happen? Yeah? So I would

0:19:32.680 --> 0:19:35.280
<v Speaker 1>say that particular collaboration was more one of those black

0:19:35.320 --> 0:19:38.760
<v Speaker 1>market collaborations. Right, It's not anything that's officially done with

0:19:39.160 --> 0:19:42.040
<v Speaker 1>a brand the size of Nike, So if you're gonna

0:19:42.080 --> 0:19:45.000
<v Speaker 1>do something like that is likely more so considered uh,

0:19:45.280 --> 0:19:48.840
<v Speaker 1>those to collap here. We would typically consider that there's

0:19:48.840 --> 0:19:51.720
<v Speaker 1>somebody customized sneakers and they sold them, you know, separately,

0:19:51.720 --> 0:19:53.840
<v Speaker 1>on their own. I think not. Little nos X and

0:19:53.880 --> 0:19:55.879
<v Speaker 1>his team took it to a different place by putting

0:19:55.960 --> 0:19:59.359
<v Speaker 1>a whole campaign around us. So essentially the way they

0:19:59.400 --> 0:20:01.240
<v Speaker 1>have to get those shoes is they likely had to

0:20:01.240 --> 0:20:03.440
<v Speaker 1>go purchase those shoes off a retail one hundred percent

0:20:03.640 --> 0:20:06.800
<v Speaker 1>unless they had some sort of connection and somebody, you know,

0:20:06.880 --> 0:20:09.360
<v Speaker 1>hook them up with a discount from somewhere. But likely

0:20:09.440 --> 0:20:13.320
<v Speaker 1>they bought those shoes retail. After they bought all of

0:20:13.359 --> 0:20:17.159
<v Speaker 1>those sizes, the company that was the customizer would literally

0:20:17.160 --> 0:20:19.960
<v Speaker 1>had to buy hand or whatever team that they have

0:20:20.160 --> 0:20:22.520
<v Speaker 1>would have to customize those shoes one by one and

0:20:22.520 --> 0:20:25.159
<v Speaker 1>then they put those those sneakers up for sale a

0:20:25.200 --> 0:20:27.320
<v Speaker 1>project project like that. I think they had under a

0:20:27.320 --> 0:20:29.960
<v Speaker 1>thousand pairs for those sneakers, right, and then I think

0:20:29.960 --> 0:20:32.840
<v Speaker 1>the price tag was somewhere around two d three hundred bucks.

0:20:33.240 --> 0:20:35.240
<v Speaker 1>And so you know, it's a it's a it's a

0:20:35.320 --> 0:20:36.880
<v Speaker 1>good bit of a chunk of change. But if you're

0:20:36.920 --> 0:20:40.240
<v Speaker 1>talking about you know, we look at the global sneaker market,

0:20:40.240 --> 0:20:43.120
<v Speaker 1>you're talking billions and billions of dollars in a large

0:20:43.160 --> 0:20:45.520
<v Speaker 1>scale of things, that's that's not a huge chunk. For

0:20:45.760 --> 0:20:49.040
<v Speaker 1>the team that customized those shoes, they made money because

0:20:49.160 --> 0:20:52.640
<v Speaker 1>Little Nozex team likely paid them a commission for being

0:20:52.640 --> 0:20:55.720
<v Speaker 1>the designers behind that. If we think about that from

0:20:55.720 --> 0:20:57.920
<v Speaker 1>a brand side and in the sneaker industry and how

0:20:57.960 --> 0:21:00.840
<v Speaker 1>that works on that side, well, if you you bring

0:21:00.880 --> 0:21:06.240
<v Speaker 1>in someone like a Virgil or a Darrel. Usually UM

0:21:06.280 --> 0:21:08.760
<v Speaker 1>there's a design fee behind that, right, So that's how

0:21:08.800 --> 0:21:13.760
<v Speaker 1>they automatically recruit UM or make money from that particular deal.

0:21:14.119 --> 0:21:17.439
<v Speaker 1>Beyond that, depending on how things are negotiating and how

0:21:17.480 --> 0:21:19.320
<v Speaker 1>they move forward, you know, they may have you know,

0:21:19.359 --> 0:21:22.760
<v Speaker 1>additional money that comes from the seal of those sneakers.

0:21:22.960 --> 0:21:26.159
<v Speaker 1>And if you think about where collapse were back in

0:21:26.160 --> 0:21:29.680
<v Speaker 1>the day UM, and you think about where collapse are now,

0:21:30.640 --> 0:21:33.560
<v Speaker 1>collapse have become a part of what we consider in

0:21:33.560 --> 0:21:37.760
<v Speaker 1>the industry, like inline product. Like people buy collapse more

0:21:37.800 --> 0:21:40.119
<v Speaker 1>than they buy you know, the white on white or

0:21:40.160 --> 0:21:42.240
<v Speaker 1>the black on black Airpluce one that's on the shelf.

0:21:42.280 --> 0:21:45.280
<v Speaker 1>They want the Virgil. And so you see you see

0:21:45.359 --> 0:21:49.080
<v Speaker 1>an off white air Force one in bigger volumes than

0:21:49.119 --> 0:21:51.520
<v Speaker 1>we would ever have seen when you know, I was

0:21:51.600 --> 0:21:54.480
<v Speaker 1>camping out the sneakers, you know, to two thousand five

0:21:54.560 --> 0:21:57.399
<v Speaker 1>or whatever. Like it's a completely different scenario. And I

0:21:57.440 --> 0:22:00.080
<v Speaker 1>think the other way that folks were making money, you

0:22:00.160 --> 0:22:02.240
<v Speaker 1>have been making money and from those collapses. A lot

0:22:02.280 --> 0:22:07.000
<v Speaker 1>of times those uh, those those personalities and those individual

0:22:07.040 --> 0:22:10.639
<v Speaker 1>brands also have their own retail and so they would

0:22:10.640 --> 0:22:12.920
<v Speaker 1>have an allocation of products that they could sell through

0:22:12.920 --> 0:22:15.040
<v Speaker 1>their own channels and they can make a bigger markup

0:22:15.359 --> 0:22:17.119
<v Speaker 1>on that product. And so you've gotta be thinking a

0:22:17.119 --> 0:22:18.919
<v Speaker 1>couple of different ways about how you would do that.

0:22:19.000 --> 0:22:21.320
<v Speaker 1>But at the end of the day, Collapse are starting

0:22:21.320 --> 0:22:24.719
<v Speaker 1>to scale, right, they are volume based products. Now, they

0:22:24.760 --> 0:22:28.480
<v Speaker 1>aren't just these we made a hundred pairs and um,

0:22:28.520 --> 0:22:30.960
<v Speaker 1>you know it was a good marketing thing. You know,

0:22:31.200 --> 0:22:33.960
<v Speaker 1>these things are actually generating depending on how big you

0:22:33.960 --> 0:22:36.560
<v Speaker 1>can get volumes. They are actually generating real business. And

0:22:36.600 --> 0:22:38.880
<v Speaker 1>so that's how a lot of folks who are doing

0:22:39.040 --> 0:22:42.119
<v Speaker 1>designing and Collapse are getting design fee, they're getting royalties

0:22:42.160 --> 0:22:44.640
<v Speaker 1>and if they, you know, have their own retail, they

0:22:44.640 --> 0:22:46.560
<v Speaker 1>can sell it and make money there. Right. I think

0:22:46.600 --> 0:22:49.119
<v Speaker 1>Travis Scott has a spot called Space on Houston and

0:22:49.240 --> 0:22:53.280
<v Speaker 1>so he's able to distribute products through that. Um, Kanye

0:22:53.400 --> 0:22:56.640
<v Speaker 1>has easy supply, He's able to sell his product directly

0:22:56.680 --> 0:22:59.359
<v Speaker 1>from his own platform, and so at the end of

0:22:59.359 --> 0:23:01.679
<v Speaker 1>the day, can get scale and you can do it

0:23:01.720 --> 0:23:05.080
<v Speaker 1>through that lane. That's how you're making your money. So

0:23:05.240 --> 0:23:07.439
<v Speaker 1>so I have a deep question streets want to know,

0:23:09.720 --> 0:23:17.600
<v Speaker 1>does Nike care about bots on the sneakers app? Does

0:23:17.760 --> 0:23:21.320
<v Speaker 1>Nike care that you cannot hit on the sneaker's app.

0:23:22.040 --> 0:23:25.760
<v Speaker 1>They don't they can't care. I'm taking was just like,

0:23:25.920 --> 0:23:29.280
<v Speaker 1>just like everyone else the streets. Want to know, man,

0:23:29.520 --> 0:23:31.919
<v Speaker 1>the streets one to know what was the last sneaker

0:23:31.960 --> 0:23:34.960
<v Speaker 1>you try to get on? Sneakers? Oh, the last ones

0:23:35.000 --> 0:23:36.600
<v Speaker 1>I tried to get I actually hit on. They were

0:23:36.640 --> 0:23:39.840
<v Speaker 1>the blue fours and I actually got blue concrete fo.

0:23:39.920 --> 0:23:42.320
<v Speaker 1>I actually hit But I was like I didn't even

0:23:42.320 --> 0:23:44.320
<v Speaker 1>really want them. I was just like, I'm just seeing,

0:23:45.960 --> 0:23:49.520
<v Speaker 1>just try. But the ones I actually want take it

0:23:49.600 --> 0:23:53.879
<v Speaker 1>else left and right. So so let's but let's but

0:23:53.960 --> 0:23:55.879
<v Speaker 1>let's actually go because there's something here now, because I

0:23:55.920 --> 0:23:58.359
<v Speaker 1>wonder there are people really making money on these bots.

0:23:58.400 --> 0:24:00.800
<v Speaker 1>And I'm like, okay, but if if know our non

0:24:00.840 --> 0:24:03.840
<v Speaker 1>melinated friends are building these boxes and getting getting the bag,

0:24:04.480 --> 0:24:07.199
<v Speaker 1>how do we cash in? Because apparently the system is

0:24:07.240 --> 0:24:10.080
<v Speaker 1>built for people to be able to manipulate it in

0:24:10.160 --> 0:24:14.560
<v Speaker 1>some way, So I wonder, how do we take advantage

0:24:14.640 --> 0:24:16.600
<v Speaker 1>if we're not going to be the designers? Wait, what

0:24:16.680 --> 0:24:20.480
<v Speaker 1>are the other opportunities to make money, whether it be

0:24:20.720 --> 0:24:24.399
<v Speaker 1>in the secondary market, whether it be you know, buying

0:24:24.440 --> 0:24:26.720
<v Speaker 1>a thousand pair of Air Force ones and finding somebody

0:24:26.760 --> 0:24:29.040
<v Speaker 1>in our community who's got a name, and then doing

0:24:29.080 --> 0:24:31.920
<v Speaker 1>it for a rapper in our community, and like, how

0:24:31.960 --> 0:24:35.600
<v Speaker 1>how do we find interesting and creative ways to take

0:24:35.640 --> 0:24:39.680
<v Speaker 1>advantage of the opportunity of creativity. I talked to me

0:24:39.800 --> 0:24:43.040
<v Speaker 1>about some of the things that you've seen happen. Yeah, totally,

0:24:43.080 --> 0:24:47.040
<v Speaker 1>I've seen I've seen it though from that the entrepreneurial side, right,

0:24:47.080 --> 0:24:48.359
<v Speaker 1>and I think you got to think about it in

0:24:48.440 --> 0:24:51.159
<v Speaker 1>multiple ways. You have Jock Slade who has made a

0:24:51.280 --> 0:24:56.040
<v Speaker 1>career out of creating content around sneakers and fashion all

0:24:56.119 --> 0:25:00.560
<v Speaker 1>on YouTube, right and literally has a based that's in

0:25:00.600 --> 0:25:03.520
<v Speaker 1>the millions at this point, and they show for the videos,

0:25:03.600 --> 0:25:08.440
<v Speaker 1>receives conversation through ads, through other monetor monetization avenues. It's done,

0:25:08.480 --> 0:25:11.480
<v Speaker 1>work with foot Locker, has done, worked with eBay and

0:25:11.720 --> 0:25:14.600
<v Speaker 1>you name it, right, And so that's one of the lanes, right,

0:25:14.680 --> 0:25:16.240
<v Speaker 1>You can you can go through the through the lane

0:25:16.280 --> 0:25:19.400
<v Speaker 1>of maybe the creator economy and and do it that way.

0:25:19.680 --> 0:25:23.320
<v Speaker 1>I think another way could be seeing yourself in retail. Right. Yes,

0:25:23.359 --> 0:25:25.919
<v Speaker 1>we know that the stock x exists and some of

0:25:25.920 --> 0:25:30.680
<v Speaker 1>these other um resale platforms uh that are out there,

0:25:30.720 --> 0:25:33.080
<v Speaker 1>but folks also love brick and mortar. Right. We also

0:25:33.160 --> 0:25:36.320
<v Speaker 1>love supporting the businesses in our neighborhood. I'm in uh

0:25:36.400 --> 0:25:40.880
<v Speaker 1>Portland's right now and Index is still alive and well

0:25:40.960 --> 0:25:45.240
<v Speaker 1>and it is a you know, an aftermarket sneaker boutique. Right.

0:25:45.640 --> 0:25:48.080
<v Speaker 1>You can then if you have passion for those things

0:25:48.080 --> 0:25:50.600
<v Speaker 1>and maybe you could take it into a different basis

0:25:50.600 --> 0:25:53.080
<v Speaker 1>may not even think of so for example, UM, dead

0:25:53.119 --> 0:25:56.719
<v Speaker 1>Stock Coffee here is a sneaker inspired coffee shop. Right.

0:25:56.880 --> 0:25:59.360
<v Speaker 1>Who you know who would have thought like that would

0:25:59.359 --> 0:26:01.199
<v Speaker 1>be a thing, but it's one of the pillars of

0:26:01.200 --> 0:26:04.439
<v Speaker 1>the community here. Uh, you can go down the realm

0:26:04.560 --> 0:26:07.760
<v Speaker 1>of what we've done. Right. We are a you know

0:26:07.800 --> 0:26:09.840
<v Speaker 1>at the at this current point, we have a podcast

0:26:09.880 --> 0:26:12.080
<v Speaker 1>and we expand into some other things. But we've been

0:26:12.160 --> 0:26:14.919
<v Speaker 1>able to take digital content and figure out how to

0:26:14.920 --> 0:26:18.680
<v Speaker 1>monetize that content with different sponsors UM that support the

0:26:18.680 --> 0:26:20.639
<v Speaker 1>work that we're doing in the audience that we're trying

0:26:20.680 --> 0:26:26.239
<v Speaker 1>to cultivate and teach about different career possibilities. I think

0:26:26.280 --> 0:26:28.000
<v Speaker 1>at the end of the day, the other thing that

0:26:28.119 --> 0:26:31.040
<v Speaker 1>is most important is taking the time to figure out

0:26:31.119 --> 0:26:33.800
<v Speaker 1>how can you learn more from other people that may

0:26:33.800 --> 0:26:36.960
<v Speaker 1>be doing things creatively that you may be interested in. Right,

0:26:37.119 --> 0:26:40.199
<v Speaker 1>we talked to an unlimited amount of people, and we

0:26:40.200 --> 0:26:42.960
<v Speaker 1>try to record that information so that that next generation

0:26:43.080 --> 0:26:45.000
<v Speaker 1>or even folks that are in career paths and want

0:26:45.000 --> 0:26:47.960
<v Speaker 1>to pivot right from a creative standpoint, we try to

0:26:48.000 --> 0:26:50.000
<v Speaker 1>give them as many examples. That's how you can go

0:26:50.040 --> 0:26:52.240
<v Speaker 1>about doing that because nine times out of tend you

0:26:52.240 --> 0:26:54.400
<v Speaker 1>didn't grow up with that information. Right. We didn't grow

0:26:54.480 --> 0:26:58.320
<v Speaker 1>up in communities where you literally had you know, your

0:26:58.359 --> 0:27:01.840
<v Speaker 1>mom's best friend may have been in you know, a VC,

0:27:02.080 --> 0:27:04.800
<v Speaker 1>or had may have been working at Facebook or working

0:27:04.800 --> 0:27:07.479
<v Speaker 1>at Bravity. Right, we didn't necessarily grow up with a

0:27:07.480 --> 0:27:10.119
<v Speaker 1>lot of those networks. And so now it's important that

0:27:10.160 --> 0:27:13.520
<v Speaker 1>either our generation shares that information back or we can

0:27:13.560 --> 0:27:17.000
<v Speaker 1>partner with these different corporations and organizations to make sure

0:27:17.040 --> 0:27:20.479
<v Speaker 1>that information is readily available. There was a question that

0:27:20.560 --> 0:27:24.159
<v Speaker 1>came in on Facebook from Tamika Carroll says, how is

0:27:24.240 --> 0:27:28.000
<v Speaker 1>sustainability playing a part in consumer choices? How does a

0:27:28.000 --> 0:27:31.760
<v Speaker 1>sustainable company garner support? And does branding matter with regards

0:27:31.800 --> 0:27:34.240
<v Speaker 1>to sustainable products? And I just want to throw this

0:27:34.400 --> 0:27:36.639
<v Speaker 1>little caveat in because I remember Nike came out with it.

0:27:36.760 --> 0:27:39.800
<v Speaker 1>This is trash like a year ago, which are left

0:27:39.840 --> 0:27:42.639
<v Speaker 1>over pieces from the cutting, you know, room floor, and

0:27:42.680 --> 0:27:45.480
<v Speaker 1>they made other sneakers out. So how is sustainability playing

0:27:45.480 --> 0:27:50.040
<v Speaker 1>a part in creative industries? I think sustainability has a

0:27:50.080 --> 0:27:53.280
<v Speaker 1>long way to go um from the standpoint of how

0:27:53.320 --> 0:27:56.840
<v Speaker 1>it actually resonates with consumers, and I think it is

0:27:56.880 --> 0:28:00.240
<v Speaker 1>actually directly tied to diversity and inclusion, right, and so

0:28:00.280 --> 0:28:01.639
<v Speaker 1>one of the things that I've been saying for a

0:28:01.720 --> 0:28:04.760
<v Speaker 1>very long time when we talk about sustainability is how

0:28:04.880 --> 0:28:07.600
<v Speaker 1>is it humanized? From the brand standpoint? How is that?

0:28:07.720 --> 0:28:11.320
<v Speaker 1>How is that being humanized? Because when I think about sustainability, right,

0:28:11.680 --> 0:28:15.080
<v Speaker 1>I think about, Hey, I'm a black man, and my sustainability,

0:28:15.160 --> 0:28:17.720
<v Speaker 1>as far as definition, is actually my life because I

0:28:17.720 --> 0:28:19.920
<v Speaker 1>don't think about it when it comes to I can't

0:28:19.960 --> 0:28:23.159
<v Speaker 1>think about recycling that product, that that that bottle just yet.

0:28:23.240 --> 0:28:27.040
<v Speaker 1>I can't think about the specific recycled you yet because

0:28:27.080 --> 0:28:28.920
<v Speaker 1>if I'm a kid in Baltimore, if I'm a kid

0:28:28.920 --> 0:28:31.480
<v Speaker 1>growing up in New Orleans, I'm trying to figure out

0:28:31.480 --> 0:28:34.080
<v Speaker 1>how I'm getting home a lot that to me is sustainability.

0:28:34.320 --> 0:28:36.080
<v Speaker 1>So I think when we think about that and we

0:28:36.119 --> 0:28:38.800
<v Speaker 1>think about brands, you gotta humanize right now. It's not

0:28:38.880 --> 0:28:42.280
<v Speaker 1>human right now. It is more of an elitist viewpoint

0:28:42.520 --> 0:28:44.960
<v Speaker 1>that we can't really wrap our heads around when we're

0:28:44.960 --> 0:28:47.120
<v Speaker 1>all trying to figure out the day to day of

0:28:47.160 --> 0:28:50.280
<v Speaker 1>what's happening in this world, what's happening in the US.

0:28:52.040 --> 0:28:56.760
<v Speaker 1>So I could talk to you another we got, but

0:28:56.800 --> 0:28:58.400
<v Speaker 1>I want to make sure I get this question in

0:28:58.560 --> 0:29:00.880
<v Speaker 1>before we get out of here. As we all remember,

0:29:01.320 --> 0:29:04.440
<v Speaker 1>you know the Kanye conversation with Sway, and Sway was saying,

0:29:04.440 --> 0:29:05.920
<v Speaker 1>why don't you just put your own money up in

0:29:05.920 --> 0:29:09.600
<v Speaker 1>the moss Way? Um? And so we do have this

0:29:09.720 --> 0:29:13.000
<v Speaker 1>conversation in our communities about like if you can't get

0:29:13.000 --> 0:29:15.600
<v Speaker 1>to see at your table, build your own table. And

0:29:15.640 --> 0:29:18.840
<v Speaker 1>I wonder like, yeah, while we laugh at the meme

0:29:19.000 --> 0:29:23.040
<v Speaker 1>of the house, Sway like, what is it that causes

0:29:23.520 --> 0:29:26.560
<v Speaker 1>black owned brands and smaller brands across the board, not

0:29:26.680 --> 0:29:29.960
<v Speaker 1>just black owned brands, but brands period from being able

0:29:30.000 --> 0:29:33.280
<v Speaker 1>to break through to being big houses like the Ralph

0:29:33.280 --> 0:29:35.680
<v Speaker 1>Floor is the Calvin Klein's and Michael Corps? Like what

0:29:35.920 --> 0:29:41.280
<v Speaker 1>is it that these smaller brands don't have that those

0:29:41.320 --> 0:29:46.080
<v Speaker 1>brands have somewhat of a monopoly on per Kanye financing.

0:29:47.600 --> 0:29:51.920
<v Speaker 1>Financing is the number one difference maker because when you

0:29:51.960 --> 0:29:56.440
<v Speaker 1>think about what a LVMH is able to do with

0:29:56.600 --> 0:30:00.480
<v Speaker 1>a Louis Batton uh, and you think about Inte, which

0:30:00.520 --> 0:30:02.360
<v Speaker 1>I know was just rolled down. But the thing that's

0:30:02.360 --> 0:30:05.160
<v Speaker 1>able to happen is they can show up at fashion

0:30:05.200 --> 0:30:08.440
<v Speaker 1>Week and they can spend millions of dollars on campaigns

0:30:08.480 --> 0:30:12.520
<v Speaker 1>that circle the world. They can sign contracts with rodal

0:30:12.520 --> 0:30:16.720
<v Speaker 1>A Blow, they can have fashion fashion shows where Kick

0:30:16.760 --> 0:30:21.400
<v Speaker 1>Cutty walks down. Right, all of these things costs money.

0:30:21.640 --> 0:30:24.560
<v Speaker 1>Now there is a scale to it, right, you don't

0:30:24.560 --> 0:30:26.400
<v Speaker 1>necessarily have as much money as that and still be

0:30:26.440 --> 0:30:29.200
<v Speaker 1>able to make waves. I think Telfer is a great

0:30:29.240 --> 0:30:32.080
<v Speaker 1>example of how to build a brand and not have

0:30:32.480 --> 0:30:36.640
<v Speaker 1>maybe access to the same amount of funding as Louis Baton,

0:30:37.120 --> 0:30:40.600
<v Speaker 1>but Telfer is granting a ton of traction. It is

0:30:40.760 --> 0:30:44.840
<v Speaker 1>the community built brand and slowly built over time. And

0:30:44.880 --> 0:30:48.000
<v Speaker 1>so when you think about what you have, creativity plays

0:30:48.040 --> 0:30:51.880
<v Speaker 1>a huge part of it. Money doesn't always equal success, right,

0:30:52.200 --> 0:30:55.920
<v Speaker 1>but money added on top of really great ideas could

0:30:56.000 --> 0:30:58.560
<v Speaker 1>definitely add fire to the to the flame, fuel to

0:30:58.600 --> 0:31:01.080
<v Speaker 1>the flames and so but at the end of the day,

0:31:01.080 --> 0:31:03.760
<v Speaker 1>if you're asking me sinctly. That is a major difference.

0:31:03.800 --> 0:31:06.800
<v Speaker 1>It's funding. It takes money to build these brands. It

0:31:06.880 --> 0:31:09.720
<v Speaker 1>takes you know, resources when you think about supply chain,

0:31:09.800 --> 0:31:13.000
<v Speaker 1>it takes uh money to innovate, continue to come up

0:31:13.040 --> 0:31:17.160
<v Speaker 1>with great ideas to bring in the best talent for expanding.

0:31:17.240 --> 0:31:19.480
<v Speaker 1>After you have one high item, how do you continue

0:31:19.480 --> 0:31:22.920
<v Speaker 1>to have multiple high items? It takes those resources. If

0:31:22.920 --> 0:31:25.320
<v Speaker 1>you need more visibility, maybe you want to bring in

0:31:25.360 --> 0:31:30.000
<v Speaker 1>a personality like a you know, a person a creative director,

0:31:30.400 --> 0:31:31.960
<v Speaker 1>or you want to bring in the celebrity, or you

0:31:31.960 --> 0:31:34.200
<v Speaker 1>want to bring an athlete to maybe wear that product.

0:31:34.520 --> 0:31:37.479
<v Speaker 1>It takes funding and resources to do that. And for

0:31:37.600 --> 0:31:40.560
<v Speaker 1>our businesses, we need more access to that type of capital,

0:31:40.560 --> 0:31:42.760
<v Speaker 1>which is why it's great to see more of some

0:31:42.800 --> 0:31:45.280
<v Speaker 1>of those options showing up, but we need more. It's

0:31:45.320 --> 0:31:48.000
<v Speaker 1>not enough because as you can see, there's such a

0:31:48.080 --> 0:31:52.720
<v Speaker 1>vast difference in what's accessible to black and brown businesses

0:31:52.840 --> 0:31:55.280
<v Speaker 1>versus you know, the LBM majors that are out there

0:31:55.640 --> 0:32:15.240
<v Speaker 1>that have been around for so long. Black Tech Cream

0:32:15.280 --> 0:32:17.760
<v Speaker 1>Money is a production of Blackvity Afro Tech on the

0:32:17.840 --> 0:32:21.760
<v Speaker 1>Black Effect podcast Network and Ihearm Media's produced by Morgan

0:32:21.840 --> 0:32:25.959
<v Speaker 1>Dabon and me Will Lucas with additional production supported by

0:32:26.000 --> 0:32:29.560
<v Speaker 1>Love Beach and Marisa Lewis. Special thank you to Michael

0:32:29.600 --> 0:32:32.840
<v Speaker 1>Davis is the car savon Jan you know like the Whine. Yes,

0:32:32.960 --> 0:32:35.800
<v Speaker 1>that's his real name. Learn more about my guests and

0:32:35.880 --> 0:32:39.200
<v Speaker 1>other technis from this innovators at afro tech dot com.

0:32:39.320 --> 0:32:41.480
<v Speaker 1>The video version of this episode would drop the Black

0:32:41.480 --> 0:32:45.200
<v Speaker 1>Tech Green Money on YouTube next week, so tapping enjoining

0:32:45.280 --> 0:32:48.560
<v Speaker 1>Black Tech Green Money People's a five star rating on iTunes.

0:32:49.720 --> 0:32:52.720
<v Speaker 1>Don't get your money, Peace and love