1 00:00:13,240 --> 00:00:15,360 Speaker 1: So I'm just wondering if Prince Harry is going to 2 00:00:15,480 --> 00:00:18,600 Speaker 1: be in US weekly magazine. In the Royals, they're just 3 00:00:18,680 --> 00:00:23,880 Speaker 1: like US section buying diapers in the baby aisle of 4 00:00:24,280 --> 00:00:27,800 Speaker 1: Hughes Supermarket, Like do they even have Hughes anymore? Or 5 00:00:27,800 --> 00:00:30,680 Speaker 1: maybe it's Ralph's Ralph's Supermarket. But I've been around a 6 00:00:30,680 --> 00:00:34,680 Speaker 1: long time and I've been reading um headlines at the 7 00:00:34,760 --> 00:00:38,159 Speaker 1: nail salon for years, and remember when it was like 8 00:00:38,240 --> 00:00:44,760 Speaker 1: every day Paris Hilton, Um, Nicole Ritchie, Lindsay Lohan, where 9 00:00:44,800 --> 00:00:47,080 Speaker 1: every single day they were on the cover of every 10 00:00:47,120 --> 00:00:51,199 Speaker 1: magazine as like Freenemies and everything that they did, like 11 00:00:51,280 --> 00:00:55,400 Speaker 1: that was sort of one magazine. Pop culture was on 12 00:00:55,520 --> 00:00:58,360 Speaker 1: full tilt because they were like reality stars and everybody 13 00:00:58,400 --> 00:01:01,560 Speaker 1: was so accessible and people would call the barazzi. It 14 00:01:01,640 --> 00:01:03,640 Speaker 1: was like then it was like Heidi and Spencer are 15 00:01:03,680 --> 00:01:06,720 Speaker 1: these people that were on every single day? I mean, 16 00:01:06,760 --> 00:01:09,320 Speaker 1: the Kardashians are in the press all the time, but 17 00:01:10,000 --> 00:01:12,920 Speaker 1: there are just certain people that every single day it's 18 00:01:12,920 --> 00:01:18,520 Speaker 1: a new headline with the same regurgitated garbage. So the 19 00:01:18,600 --> 00:01:22,120 Speaker 1: Royals used to be somewhat inaccessible, like it used to 20 00:01:22,160 --> 00:01:24,279 Speaker 1: be that we would just be like oh my god, 21 00:01:24,680 --> 00:01:27,480 Speaker 1: we got a picture of Princess Kate, you know, going 22 00:01:27,520 --> 00:01:30,040 Speaker 1: to pick up the kids from school, or when Diana 23 00:01:30,080 --> 00:01:32,240 Speaker 1: would be in a sweatshirt. Just it was sort of 24 00:01:33,200 --> 00:01:36,160 Speaker 1: it was captivating, but there was definitely a veil, you know, 25 00:01:36,480 --> 00:01:41,720 Speaker 1: And I feel like when Prince Harry and Megan defected, 26 00:01:42,440 --> 00:01:46,640 Speaker 1: the veil was lifted, and they're just so accessible and 27 00:01:47,400 --> 00:01:49,640 Speaker 1: I feel like they had so much more protection where 28 00:01:49,640 --> 00:01:51,600 Speaker 1: they were in the royal family, like everything that they 29 00:01:51,600 --> 00:01:55,440 Speaker 1: said they wanted to achieve by being totally private and 30 00:01:55,560 --> 00:01:57,680 Speaker 1: Oprah sent you know, just because they want to be private, 31 00:01:57,680 --> 00:02:00,240 Speaker 1: it doesn't mean they want to be silent. Just because 32 00:02:00,240 --> 00:02:02,120 Speaker 1: you want privacy doesn't mean you need to be silent, 33 00:02:02,160 --> 00:02:04,360 Speaker 1: which I don't know if I agree for a minute 34 00:02:04,360 --> 00:02:06,640 Speaker 1: you've got to be silent to become private. Um. There 35 00:02:06,680 --> 00:02:10,320 Speaker 1: are celebrities that are really anonymous and private because they 36 00:02:10,560 --> 00:02:13,000 Speaker 1: choose to be so, and then I always doing something, 37 00:02:13,040 --> 00:02:17,080 Speaker 1: saying something, being photographed with some message. So I just 38 00:02:17,120 --> 00:02:20,120 Speaker 1: feel like they're totally accessible now and they're just like 39 00:02:20,680 --> 00:02:24,120 Speaker 1: sort of semi normal celebrities. They don't seem like royals 40 00:02:24,160 --> 00:02:26,920 Speaker 1: at all anymore. And I certainly would rather be like 41 00:02:26,960 --> 00:02:31,280 Speaker 1: an inaccessible royal then you know, a celebrity. I mean 42 00:02:31,400 --> 00:02:34,120 Speaker 1: soon they're gonna be in like celebrity rehab with Doctor Drew, 43 00:02:34,720 --> 00:02:37,160 Speaker 1: just like talking about their marital problems. We're gonna be 44 00:02:37,160 --> 00:02:40,440 Speaker 1: like fully, they're like, you know, do a reality show 45 00:02:40,480 --> 00:02:44,320 Speaker 1: with like Beatrice and Eugenie and and and and Prince Andrew, 46 00:02:44,760 --> 00:02:47,480 Speaker 1: the black sheep of the family, just like so accessible, 47 00:02:47,520 --> 00:02:50,240 Speaker 1: get the camera crew out. I don't think that the 48 00:02:50,320 --> 00:02:52,280 Speaker 1: Queen would be on the reality show. I really don't. 49 00:02:52,720 --> 00:02:54,720 Speaker 1: Maybe William and Kate would make a cameo. I'm not 50 00:02:54,760 --> 00:02:57,120 Speaker 1: sure because they don't want to be smeared the way 51 00:02:57,160 --> 00:03:01,240 Speaker 1: that they have been. But uh, and I'm being into touchy, 52 00:03:01,360 --> 00:03:05,359 Speaker 1: touchy murky territory now as I have before. But I'm 53 00:03:05,400 --> 00:03:08,560 Speaker 1: cool with that because I can't live in fear so 54 00:03:08,720 --> 00:03:13,520 Speaker 1: Royals they're just like us, don't We need to see 55 00:03:13,600 --> 00:03:18,120 Speaker 1: more pictures of the royals doing normal things, just like 56 00:03:18,200 --> 00:03:20,760 Speaker 1: they dug up a picture of Harry riding a bicycle 57 00:03:20,840 --> 00:03:23,880 Speaker 1: years ago, and you know, they hang out with their 58 00:03:23,960 --> 00:03:27,600 Speaker 1: chickens and Harry rides a bike in in in Santa 59 00:03:27,639 --> 00:03:29,920 Speaker 1: Barbara and just goes to the beach, and they're just 60 00:03:29,960 --> 00:03:33,400 Speaker 1: like they're normal. Now they're just totally normal. Like you know, 61 00:03:33,600 --> 00:03:36,080 Speaker 1: next is gonna be just like we're gonna see him 62 00:03:36,080 --> 00:03:40,520 Speaker 1: at Barry's boot camp, or you know, Megan is gonna 63 00:03:40,520 --> 00:03:45,000 Speaker 1: be a soul cycle class getting a latte. He's gonna 64 00:03:45,000 --> 00:03:48,920 Speaker 1: be doing TikTok soon. Royal talk. What do you all think? 65 00:03:49,040 --> 00:03:52,560 Speaker 1: Do we need more accessibility to the royals? I feel 66 00:03:52,560 --> 00:03:55,320 Speaker 1: like they should just put cameras inside the Royal Palace 67 00:03:55,360 --> 00:03:57,000 Speaker 1: and we should just like go right in there. I mean, 68 00:03:57,000 --> 00:04:05,480 Speaker 1: the veil has been lifted. My guest today Steve Madden 69 00:04:05,600 --> 00:04:10,240 Speaker 1: and Entrepreneur, award winning shoe designer and business titan, mark 70 00:04:10,320 --> 00:04:13,960 Speaker 1: the thirty year anniversary of Steve Madden, his luxury shoe brand. 71 00:04:14,280 --> 00:04:18,400 Speaker 1: He has a devoted family man, recovering addict, philanthropist and 72 00:04:18,520 --> 00:04:21,560 Speaker 1: mentor who supports a number of organizations that help those 73 00:04:21,600 --> 00:04:24,680 Speaker 1: in need of a second chance. He has been through 74 00:04:24,720 --> 00:04:27,599 Speaker 1: the ringer. He has a crazy story. Today we talked 75 00:04:27,600 --> 00:04:29,400 Speaker 1: about why you need to be a little fearless when 76 00:04:29,400 --> 00:04:31,840 Speaker 1: it comes to starting a business, the importance of finding 77 00:04:31,920 --> 00:04:35,000 Speaker 1: good leadership within your business. Have a lot of success 78 00:04:35,080 --> 00:04:38,520 Speaker 1: involves capitalizing on lucky breaks, and why quality is more 79 00:04:38,560 --> 00:04:42,159 Speaker 1: important than quantity. Steve story is really inspiring and I 80 00:04:42,200 --> 00:04:52,800 Speaker 1: think you'll love our conversation. So we know each other, um, 81 00:04:52,960 --> 00:04:56,480 Speaker 1: and we talked about business before, and you're very much 82 00:04:56,600 --> 00:04:59,960 Speaker 1: a branding person, very much an entrepreneur. You're hungry, you're driven, 83 00:05:00,000 --> 00:05:05,200 Speaker 1: and you are definitely passionate. You are intense, polarizing, I'm sure. Um, 84 00:05:05,279 --> 00:05:08,320 Speaker 1: So when did you really get started in business? You 85 00:05:08,360 --> 00:05:11,880 Speaker 1: worked at this shoe store? What when you were so? Okay? 86 00:05:11,920 --> 00:05:13,760 Speaker 1: So I went, I worked in a shoe store when 87 00:05:13,760 --> 00:05:18,000 Speaker 1: I was in high school, and the owner of the 88 00:05:18,040 --> 00:05:20,279 Speaker 1: store was like became like a mentor to me, Like 89 00:05:20,320 --> 00:05:22,560 Speaker 1: I really looked up to the guy. He was. I was, 90 00:05:23,320 --> 00:05:27,720 Speaker 1: you know, seventeen, he was twenty eight and and at 91 00:05:27,760 --> 00:05:32,320 Speaker 1: that time shoes, ladies shoes and men's shoes were it's 92 00:05:32,680 --> 00:05:36,480 Speaker 1: experiencing a revolution. Platforms came in, so it was really 93 00:05:36,520 --> 00:05:40,400 Speaker 1: exciting and different, and it was a bunch of what 94 00:05:40,480 --> 00:05:44,360 Speaker 1: was different from me was was it was like artists, 95 00:05:44,560 --> 00:05:50,520 Speaker 1: hippie guys making money right and and my only experience 96 00:05:50,560 --> 00:05:54,680 Speaker 1: with people successful were people like my dad who wore 97 00:05:54,720 --> 00:05:58,599 Speaker 1: like hats and made the Long Island Railroad and Gary 98 00:05:58,680 --> 00:06:04,159 Speaker 1: briefcases and voted for Nixon kind of a thing, and 99 00:06:04,680 --> 00:06:08,479 Speaker 1: so now you had, like these freaks that went to 100 00:06:08,520 --> 00:06:13,960 Speaker 1: Woodstock were now being creative. So you know, it was 101 00:06:14,200 --> 00:06:18,200 Speaker 1: long past Woodstock, it was, but that influence, so it 102 00:06:18,279 --> 00:06:21,440 Speaker 1: was it was different, and it piqued my interest that 103 00:06:21,480 --> 00:06:23,760 Speaker 1: I could make a lot of money, I could be 104 00:06:23,800 --> 00:06:27,680 Speaker 1: around girls, I could be creative. Like all of these 105 00:06:27,720 --> 00:06:30,520 Speaker 1: things hit me. So you're an artist in addition to 106 00:06:30,560 --> 00:06:33,440 Speaker 1: an entrepreneur. You consider yourself to be artistic in that way. 107 00:06:33,480 --> 00:06:35,000 Speaker 1: I don't mean that you can draw. I just mean 108 00:06:35,040 --> 00:06:38,159 Speaker 1: that you have that fashion flair, that you don't come 109 00:06:38,160 --> 00:06:39,960 Speaker 1: in that package, but that you have that sort of 110 00:06:40,000 --> 00:06:44,480 Speaker 1: creative fashion artistic part of you. It's marketing. I may 111 00:06:44,520 --> 00:06:46,839 Speaker 1: not be an artist, but I certainly suffer from the 112 00:06:46,960 --> 00:06:51,000 Speaker 1: artist temperament. Okay, no, you do. You need to be creative. 113 00:06:51,000 --> 00:06:53,359 Speaker 1: You cannot be trapped. Is that true? You know? You know? 114 00:06:53,480 --> 00:06:55,839 Speaker 1: I mean, yes, I suppose I was. I don't really 115 00:06:55,839 --> 00:06:59,400 Speaker 1: think of it like that. Uh, this is what I 116 00:06:59,440 --> 00:07:03,120 Speaker 1: do for a live and I never really I mean, 117 00:07:03,160 --> 00:07:05,159 Speaker 1: I have thought about it. I shouldn't say I haven't 118 00:07:05,200 --> 00:07:08,360 Speaker 1: thought about it, but it's not something. So I very 119 00:07:08,400 --> 00:07:14,320 Speaker 1: proudly say that I create shoes and make shoes to 120 00:07:14,520 --> 00:07:19,000 Speaker 1: pay my rent. This is what I do. I'm a 121 00:07:19,320 --> 00:07:24,440 Speaker 1: I'm a professional, you know when when I'm very connected 122 00:07:24,480 --> 00:07:28,520 Speaker 1: to the I'm very connected to that. You know, I don't. 123 00:07:28,840 --> 00:07:33,120 Speaker 1: I never really fancied. Uh people who are you know, 124 00:07:33,280 --> 00:07:38,120 Speaker 1: art for art's sake and um, And I don't like 125 00:07:38,200 --> 00:07:41,120 Speaker 1: people around me, I mean around me working for me, 126 00:07:41,560 --> 00:07:45,280 Speaker 1: who who are into that? But I definitely nurture and 127 00:07:46,040 --> 00:07:52,360 Speaker 1: worship creativity. But it's to the to that end. Well, 128 00:07:52,440 --> 00:07:54,920 Speaker 1: later I'll get to philanthropy because with me, the twain 129 00:07:55,000 --> 00:07:58,480 Speaker 1: don't meet. You're working to make money, you're doing philanthropy 130 00:07:58,600 --> 00:08:02,760 Speaker 1: to help people their separate. Yes, they're not necessarily connected. Yes, 131 00:08:03,240 --> 00:08:06,600 Speaker 1: well everything is connected, Bethany. Everything in my life is connected, 132 00:08:07,360 --> 00:08:10,960 Speaker 1: and my work and philanthropy and all of it. It's 133 00:08:10,960 --> 00:08:14,040 Speaker 1: all all has to do with the shoes selling ultimately. 134 00:08:15,040 --> 00:08:19,040 Speaker 1: I you know, I remember reading about John Lennon and 135 00:08:19,080 --> 00:08:21,920 Speaker 1: Paul McCartney and everybody thinks of them. As you know, 136 00:08:22,000 --> 00:08:24,440 Speaker 1: back in the day, John Lennon was the ultimate like 137 00:08:24,520 --> 00:08:29,640 Speaker 1: sort of hippie. But when they wrote songs together like 138 00:08:29,680 --> 00:08:33,560 Speaker 1: I Want to Hold your Hand, Paul would say to John, well, 139 00:08:33,640 --> 00:08:36,920 Speaker 1: we just we just got a new swimming pool. You know, 140 00:08:37,200 --> 00:08:40,280 Speaker 1: so they were very connected to that too. Yeah, I 141 00:08:40,400 --> 00:08:43,040 Speaker 1: understand they don't have to be mutually exclusive. Absolutely, they 142 00:08:43,040 --> 00:08:46,160 Speaker 1: were very like, oh okay, we just got ourselves another house, 143 00:08:47,000 --> 00:08:50,400 Speaker 1: you know, and and I remember being struck with that. 144 00:08:50,480 --> 00:08:52,720 Speaker 1: They were very because at the time it was very 145 00:08:52,720 --> 00:08:56,800 Speaker 1: sort of you know that time, every sort of hippie 146 00:08:56,800 --> 00:09:00,160 Speaker 1: dippie and all of that. We're allowed to make, don't 147 00:09:00,160 --> 00:09:01,480 Speaker 1: you know, off of something that you love and you 148 00:09:01,559 --> 00:09:04,280 Speaker 1: probably will make money because you love it. It's interesting 149 00:09:04,320 --> 00:09:06,800 Speaker 1: that you really stayed close to the line because people 150 00:09:06,800 --> 00:09:10,440 Speaker 1: make the mistake of branching out, like you're that good 151 00:09:10,480 --> 00:09:15,120 Speaker 1: at one thing, and you've mastered one space of democratizing 152 00:09:15,200 --> 00:09:19,679 Speaker 1: fashionable shoes you know, that are aspirational but still affordable. 153 00:09:19,720 --> 00:09:22,840 Speaker 1: So for people who really you know, are going check 154 00:09:22,920 --> 00:09:26,079 Speaker 1: to check, it's aspirational. But for people that can afford 155 00:09:26,080 --> 00:09:29,120 Speaker 1: anything they want, they're still really fashionable. So my question 156 00:09:29,160 --> 00:09:33,679 Speaker 1: to you is why didn't you dive really deeply into 157 00:09:33,720 --> 00:09:36,520 Speaker 1: other areas that would be so tempting for you to think, 158 00:09:36,559 --> 00:09:39,000 Speaker 1: you know, so, so why don't you do that? Um? 159 00:09:39,040 --> 00:09:41,280 Speaker 1: I I sort of have a sort of had some 160 00:09:41,320 --> 00:09:47,959 Speaker 1: core you know, business philosophies and so I thought, you know, 161 00:09:48,000 --> 00:09:52,280 Speaker 1: we'll just be as good as we can be. And Uh, 162 00:09:52,320 --> 00:09:54,120 Speaker 1: the other thing I just want to mention when you 163 00:09:54,160 --> 00:09:59,440 Speaker 1: were talking, was so doing it for a living, which 164 00:09:59,440 --> 00:10:01,120 Speaker 1: is what I say it too is one thing. But 165 00:10:01,280 --> 00:10:05,800 Speaker 1: I always believed that if I made great shoes and 166 00:10:05,840 --> 00:10:09,400 Speaker 1: made shoes that people wanted to buy, that everything would 167 00:10:09,440 --> 00:10:12,160 Speaker 1: take care of itself. That I wouldn't have to worry about, 168 00:10:13,320 --> 00:10:17,680 Speaker 1: you know, lawyers and ke and L's and accountants, that 169 00:10:17,960 --> 00:10:21,000 Speaker 1: all I had to do. I was I had this 170 00:10:21,160 --> 00:10:24,520 Speaker 1: knowledge somehow that if I knew how to make shoes 171 00:10:24,559 --> 00:10:27,840 Speaker 1: that girls wanted to buy, that everything was gonna work out. 172 00:10:28,400 --> 00:10:31,800 Speaker 1: And that is still the overruding philosophy of my company today. 173 00:10:31,880 --> 00:10:35,280 Speaker 1: When we get distracted, we have other things, you know, 174 00:10:35,760 --> 00:10:39,839 Speaker 1: buy backs, dividends, buying other companies. It's like, okay, we're 175 00:10:39,840 --> 00:10:42,400 Speaker 1: going back and during the pandemic, let's go back to 176 00:10:42,480 --> 00:10:46,079 Speaker 1: our knitting. We're going to make great shoes that people 177 00:10:46,080 --> 00:10:48,320 Speaker 1: want to buy. So you're talking about the culture of 178 00:10:48,320 --> 00:10:51,000 Speaker 1: your company of people at home who are starting something. 179 00:10:52,000 --> 00:10:54,559 Speaker 1: It's all about its usually usually things. It's so funny 180 00:10:54,559 --> 00:10:56,800 Speaker 1: because I talked to people here and say, they really 181 00:10:56,800 --> 00:10:59,680 Speaker 1: don't know tricks it's about hard work. If you really 182 00:10:59,720 --> 00:11:02,560 Speaker 1: work card you're focus, you're driven, you're going with your gut. 183 00:11:02,600 --> 00:11:04,480 Speaker 1: You actually know that what you're on the right path, 184 00:11:04,720 --> 00:11:07,000 Speaker 1: you will be successful. Most people don't work that hard, 185 00:11:07,040 --> 00:11:09,800 Speaker 1: and people get tricked by the bells and whistles, and 186 00:11:09,840 --> 00:11:12,080 Speaker 1: I say, everything is your business. If you bother to 187 00:11:12,120 --> 00:11:14,000 Speaker 1: do it, do it well. I don't make a piece 188 00:11:14,040 --> 00:11:15,760 Speaker 1: of chicken. If I don't make it, I don't just 189 00:11:15,800 --> 00:11:17,959 Speaker 1: throw it in the microwave. I'd rather not I'd rather 190 00:11:18,000 --> 00:11:19,600 Speaker 1: not make it. I'd rather than not eat. I hate 191 00:11:19,800 --> 00:11:23,400 Speaker 1: average in anything, so I'm bothered with things that are average. 192 00:11:23,440 --> 00:11:25,680 Speaker 1: I would just rather not do it. So I feel 193 00:11:25,720 --> 00:11:28,240 Speaker 1: that you're just saying, if we're doing this thing, we're 194 00:11:28,280 --> 00:11:31,400 Speaker 1: doing this thing well. So for everybody listening, whatever you're doing, 195 00:11:31,960 --> 00:11:33,520 Speaker 1: just do well. Just don't do it. You're not it's 196 00:11:33,520 --> 00:11:36,360 Speaker 1: not bet, you're not better than it. It's not it's shoes, 197 00:11:36,400 --> 00:11:38,400 Speaker 1: it's buttons. It doesn't matter what you're doing. Just do 198 00:11:38,480 --> 00:11:41,440 Speaker 1: it in a quality versus quantity perspective. So that's what 199 00:11:41,480 --> 00:11:44,280 Speaker 1: you were saying. Okay, so great, so um, as far 200 00:11:44,320 --> 00:11:47,800 Speaker 1: as luck um, everybody has a different sort of opinion 201 00:11:47,800 --> 00:11:49,800 Speaker 1: of what luck is you make your own luck. You 202 00:11:49,920 --> 00:11:51,800 Speaker 1: see luck, then you it's where you take it. What 203 00:11:51,920 --> 00:11:54,920 Speaker 1: percentage is it lucky and smart with you? I've always 204 00:11:54,960 --> 00:11:59,000 Speaker 1: believed that business acumen and intelligence has to do with 205 00:11:59,040 --> 00:12:01,959 Speaker 1: the fact that you recognize that you just got a 206 00:12:02,040 --> 00:12:07,160 Speaker 1: lucky break. Okay. So I don't think like human beings 207 00:12:07,240 --> 00:12:09,880 Speaker 1: like we're much different on the I Q like I don't. 208 00:12:09,920 --> 00:12:11,559 Speaker 1: I think we're all kind of dumb and all kind 209 00:12:11,600 --> 00:12:16,959 Speaker 1: of smart unless you're you know, Bill Gates or one 210 00:12:16,960 --> 00:12:21,920 Speaker 1: of those outliers. You know, I'm I'm an average guy, Okay, 211 00:12:21,920 --> 00:12:25,240 Speaker 1: But I believed that I had the knowledge to know 212 00:12:25,360 --> 00:12:28,040 Speaker 1: when I was lucky. I always said, when the window 213 00:12:28,120 --> 00:12:30,679 Speaker 1: is open, I went and jumped through it. You know, 214 00:12:30,840 --> 00:12:33,600 Speaker 1: some people get those lucky breaks and they don't take 215 00:12:33,600 --> 00:12:37,120 Speaker 1: advantage of them. So I like to think that's what 216 00:12:37,160 --> 00:12:39,640 Speaker 1: I did. Well, that's right, primal, It's very simple. It 217 00:12:39,640 --> 00:12:42,400 Speaker 1: doesn't seem that smart, but it's just basic. Yeah, I 218 00:12:42,440 --> 00:12:44,000 Speaker 1: don't think it has so much to do with it, 219 00:12:44,360 --> 00:12:47,560 Speaker 1: you know, like overall intelligence. There's many people I've met 220 00:12:47,840 --> 00:12:50,400 Speaker 1: that are smarter than me. But I just had this 221 00:12:50,480 --> 00:12:55,760 Speaker 1: innate sense when good fortune was smiling on me, and 222 00:12:55,840 --> 00:13:07,440 Speaker 1: so I better double damn right now, Well, you just 223 00:13:07,480 --> 00:13:10,040 Speaker 1: said something interesting. We all know people of NBA's were 224 00:13:10,080 --> 00:13:13,120 Speaker 1: really really quote unquote smart and can process information within 225 00:13:13,200 --> 00:13:15,960 Speaker 1: a box, within an educational box. All of a sudden 226 00:13:15,960 --> 00:13:17,840 Speaker 1: they get out of there and they're not good because 227 00:13:17,840 --> 00:13:22,200 Speaker 1: they're not fearless. You're fearless. I'm fearless. You're just fucking 228 00:13:22,280 --> 00:13:25,440 Speaker 1: jumping out that window. And being fearless is really great 229 00:13:25,440 --> 00:13:27,800 Speaker 1: because when you jump, you fly, if you can handle it, 230 00:13:27,840 --> 00:13:29,640 Speaker 1: if you can handle the storm, if you can handle 231 00:13:29,679 --> 00:13:31,920 Speaker 1: the blow, like and you're a person who's had a 232 00:13:31,960 --> 00:13:34,520 Speaker 1: lot of crazy hardship, which we'll get into, but that's 233 00:13:34,600 --> 00:13:37,319 Speaker 1: part of it being, you know, not reckless, which you've been, 234 00:13:37,600 --> 00:13:40,600 Speaker 1: but fearless, which is important. You've got to take some risks. 235 00:13:41,200 --> 00:13:43,920 Speaker 1: I'm not. I don't know. I'm not so fearless today. 236 00:13:44,040 --> 00:13:46,120 Speaker 1: I'm not fearless with my kids, I can tell you know. 237 00:13:46,240 --> 00:13:48,959 Speaker 1: But when you had nothing, you were fearless to start 238 00:13:48,960 --> 00:13:50,680 Speaker 1: this business. You might not be able to start this again, 239 00:13:50,800 --> 00:13:54,160 Speaker 1: right now? Would you from the beginning? Oh no, I 240 00:13:54,200 --> 00:13:57,280 Speaker 1: would not. I don't know if I would have. I 241 00:13:57,280 --> 00:13:59,520 Speaker 1: wouldn't do it again. I couldn't do it. I don't 242 00:13:59,559 --> 00:14:03,280 Speaker 1: have to that the strain made to do it again. 243 00:14:03,320 --> 00:14:06,080 Speaker 1: It was you know, you know I started my business 244 00:14:06,920 --> 00:14:10,840 Speaker 1: and I was thirty one and thirty two, thirty one 245 00:14:10,880 --> 00:14:13,120 Speaker 1: or thirty two, I you know, it was like I 246 00:14:13,240 --> 00:14:16,160 Speaker 1: was a maniac. That was just there was nothing that 247 00:14:16,200 --> 00:14:21,200 Speaker 1: I wouldn't do to win. And that's good and dad, 248 00:14:21,320 --> 00:14:23,680 Speaker 1: But you know, I I tell the story like I 249 00:14:23,720 --> 00:14:28,360 Speaker 1: remember like being in a traffic jam in a car 250 00:14:29,360 --> 00:14:32,440 Speaker 1: and getting I had a driver, even when I was broke, 251 00:14:33,360 --> 00:14:37,000 Speaker 1: as a terrible driver. So and I remember getting out 252 00:14:37,000 --> 00:14:40,720 Speaker 1: of the car and directing traffic literally getting out and 253 00:14:40,720 --> 00:14:43,240 Speaker 1: and and holding cars up because it was not ed up, 254 00:14:43,400 --> 00:14:45,800 Speaker 1: Like there was nothing that I wouldn't do to to 255 00:14:45,920 --> 00:14:49,920 Speaker 1: make something happen. And that was two years old. You 256 00:14:49,960 --> 00:14:51,880 Speaker 1: were doing that. So when did you feel like you 257 00:14:51,880 --> 00:14:53,640 Speaker 1: could open the mini bar and get the suite at 258 00:14:53,640 --> 00:15:00,520 Speaker 1: a hotel? What age? Um? Probably uh, three years later, 259 00:15:00,840 --> 00:15:02,760 Speaker 1: so you were later than a lot of people. You know, 260 00:15:02,880 --> 00:15:04,600 Speaker 1: I was late to I was thirty seven years old. 261 00:15:04,640 --> 00:15:07,840 Speaker 1: I went from broke to having money late in life. 262 00:15:08,200 --> 00:15:09,880 Speaker 1: So that's scary at a point when you don't have 263 00:15:09,920 --> 00:15:11,560 Speaker 1: a you know, you don't have a safety net and 264 00:15:11,560 --> 00:15:14,640 Speaker 1: you're still hustling and still pitching your ship to people, 265 00:15:14,720 --> 00:15:16,760 Speaker 1: and you're like, later in your thirties, it's not that cute, 266 00:15:16,760 --> 00:15:18,440 Speaker 1: and you have a man you have to buy at 267 00:15:18,440 --> 00:15:20,200 Speaker 1: that that point, of course, I'll take women back a 268 00:15:20,240 --> 00:15:22,440 Speaker 1: hundred years. But you're in New York City. You have 269 00:15:22,480 --> 00:15:24,200 Speaker 1: to pay your rent, you gotta buy girls drinks, you 270 00:15:24,240 --> 00:15:26,800 Speaker 1: gotta act like you're you know, somebody, and being the 271 00:15:26,840 --> 00:15:29,200 Speaker 1: man and not having any money is not that cute 272 00:15:29,240 --> 00:15:32,160 Speaker 1: New York City in your thirties. Yeah, I started to 273 00:15:32,240 --> 00:15:35,640 Speaker 1: get a little like I remember I had this girlfriend 274 00:15:36,640 --> 00:15:41,520 Speaker 1: and in the village in Greenwich Village, and and I 275 00:15:41,560 --> 00:15:44,720 Speaker 1: remember taking her because it was such an insecure idiot, 276 00:15:44,760 --> 00:15:49,000 Speaker 1: you know. I remember taking her to the A T M. 277 00:15:49,040 --> 00:15:53,080 Speaker 1: And I had like fifteen thousand dollars in the account, 278 00:15:53,200 --> 00:15:55,440 Speaker 1: and I was so proud of that. It was like 279 00:15:55,480 --> 00:15:57,200 Speaker 1: the most thing I ever had. And I remember like 280 00:15:57,240 --> 00:15:59,360 Speaker 1: it would come up on the screen and I would 281 00:15:59,360 --> 00:16:05,040 Speaker 1: like show off her. Look fifteen thousand. I'm a baller, 282 00:16:05,560 --> 00:16:09,360 Speaker 1: you know. So it was like that, you know, like, uh, 283 00:16:10,480 --> 00:16:13,200 Speaker 1: it was sort of. I never really had more than 284 00:16:14,400 --> 00:16:18,360 Speaker 1: twenty dollars together. I mean when I went into the 285 00:16:18,360 --> 00:16:23,840 Speaker 1: Housewives eight thousand, I didn't come wealthy like it went 286 00:16:24,040 --> 00:16:26,800 Speaker 1: pretty much quickly, you know, I went from and then 287 00:16:26,800 --> 00:16:31,080 Speaker 1: all of a sudden, I was flying on private fast. Yeah, 288 00:16:31,120 --> 00:16:34,200 Speaker 1: it's pretty much pretty much. And it was well, did 289 00:16:34,200 --> 00:16:38,080 Speaker 1: you ever have debt? No, Steve Madden really was was 290 00:16:38,480 --> 00:16:42,440 Speaker 1: never really never had debt. Steve Madden, the company, Steve 291 00:16:43,440 --> 00:16:45,960 Speaker 1: person in Moh my god. In my twenties, I was 292 00:16:46,000 --> 00:16:48,600 Speaker 1: such a disaster. You know, I got I got sober 293 00:16:48,640 --> 00:16:53,080 Speaker 1: when I was thirty one, and so my life changed. 294 00:16:53,320 --> 00:16:57,080 Speaker 1: But I was a complete disaster. Uh in my twenties. Uh, 295 00:16:58,880 --> 00:17:01,720 Speaker 1: in every facet of my life. And I was using 296 00:17:02,360 --> 00:17:04,920 Speaker 1: and uh, you know, I was working for a shoe 297 00:17:04,960 --> 00:17:08,800 Speaker 1: company before I started Steve Madden. I was, I was good, 298 00:17:09,520 --> 00:17:11,600 Speaker 1: but I was high. You know, it was high, and 299 00:17:12,600 --> 00:17:15,960 Speaker 1: you know, a mess. And but when you're in your twenties, 300 00:17:16,440 --> 00:17:18,600 Speaker 1: you sort of can you can sort of kind of 301 00:17:18,640 --> 00:17:21,959 Speaker 1: get away with it because you can wake up and 302 00:17:22,400 --> 00:17:24,240 Speaker 1: you know, go to work and you can sleep it 303 00:17:24,240 --> 00:17:26,000 Speaker 1: off on the weekends. You don't have responsibilities, you don't 304 00:17:26,040 --> 00:17:28,040 Speaker 1: have kids, you have to be anywhere for the most part. Yeah, 305 00:17:28,160 --> 00:17:31,040 Speaker 1: but I was a disaster. But then just fast forwards, 306 00:17:31,040 --> 00:17:35,359 Speaker 1: Steve Madden never had debt. The company never got it. Okay, 307 00:17:35,720 --> 00:17:37,280 Speaker 1: so we have a very We have a lot of parallels. 308 00:17:37,359 --> 00:17:39,080 Speaker 1: I had dad as a person, I mean I had 309 00:17:39,080 --> 00:17:42,600 Speaker 1: credit card, nothing crazy that I combined everything together, but 310 00:17:42,680 --> 00:17:44,359 Speaker 1: I never had debt. As a company, I saw I 311 00:17:44,400 --> 00:17:46,680 Speaker 1: own a hundred percent of Skinny Girl besides the cocktails. 312 00:17:46,760 --> 00:17:49,600 Speaker 1: So that's interesting too. So thirty one, you get clean, 313 00:17:49,920 --> 00:17:52,760 Speaker 1: you start your business. What what age were you? And 314 00:17:52,760 --> 00:17:54,640 Speaker 1: we're gonna get into that whole the whole crazy period 315 00:17:54,680 --> 00:17:56,240 Speaker 1: of your life, not that at all hasn't been crazy, 316 00:17:56,280 --> 00:18:01,400 Speaker 1: but is now with three kids in school in Manhattan crazy. 317 00:18:01,560 --> 00:18:04,200 Speaker 1: I don't think that's as crazy because it's more contained. 318 00:18:04,240 --> 00:18:06,200 Speaker 1: I think you are a loose horse before and you're 319 00:18:06,200 --> 00:18:08,639 Speaker 1: at least like in you know, in a box, like 320 00:18:08,680 --> 00:18:13,439 Speaker 1: you're contained. Yeah, it's not as crazy, but it's definitely 321 00:18:13,760 --> 00:18:18,360 Speaker 1: heart wrenching. And many ways are you do you mean 322 00:18:18,640 --> 00:18:22,320 Speaker 1: just watching your kids not be not socialized and be homeschooled, 323 00:18:22,400 --> 00:18:25,399 Speaker 1: or watching your city be crumbled, which part just the 324 00:18:25,440 --> 00:18:28,800 Speaker 1: whole thing. I have three children. It came to me 325 00:18:28,880 --> 00:18:32,399 Speaker 1: late in life. I had my first kids of forty nine, 326 00:18:33,040 --> 00:18:37,199 Speaker 1: had twins. You know, nothing terrible, but you know, just 327 00:18:37,240 --> 00:18:40,439 Speaker 1: stuff not you know, you know, not doing well in 328 00:18:40,520 --> 00:18:44,680 Speaker 1: one class or just stuff just well, it's keeps going. 329 00:18:44,760 --> 00:18:46,760 Speaker 1: We keep managing ship and it gets harder as we 330 00:18:46,800 --> 00:18:51,960 Speaker 1: get older. It's really it's really something. So um, dinosaurs, 331 00:18:52,119 --> 00:18:54,480 Speaker 1: we are older. You're older than I am. And you 332 00:18:54,480 --> 00:18:56,840 Speaker 1: you've talked about being sixty and you still feel like 333 00:18:56,880 --> 00:18:58,320 Speaker 1: you have the fire in you, but I'm sure your 334 00:18:58,320 --> 00:19:00,639 Speaker 1: body is not feeling the same way. So how do 335 00:19:00,680 --> 00:19:02,680 Speaker 1: you still know what's cool and hip and what's going 336 00:19:02,720 --> 00:19:05,800 Speaker 1: on in your business when you're not the young demo 337 00:19:06,000 --> 00:19:08,960 Speaker 1: and you know? And how do you have somebody else 338 00:19:08,960 --> 00:19:12,439 Speaker 1: who really has their the pulse on the street like 339 00:19:12,480 --> 00:19:14,800 Speaker 1: people that work for you. Managing people for me is 340 00:19:14,800 --> 00:19:17,600 Speaker 1: the hardest part of a business. So both of those things, Oh, 341 00:19:17,600 --> 00:19:20,119 Speaker 1: it's I guess the three part. You went away and 342 00:19:20,160 --> 00:19:23,160 Speaker 1: your business thrived while away, which is the true test 343 00:19:23,200 --> 00:19:25,280 Speaker 1: of a good business because it means it can survive 344 00:19:25,359 --> 00:19:27,280 Speaker 1: without you. So all of this is what I want 345 00:19:27,320 --> 00:19:30,439 Speaker 1: to understand about your business, making it thrive without you, 346 00:19:30,480 --> 00:19:33,200 Speaker 1: knowing how to keep stay hip when you could become 347 00:19:33,240 --> 00:19:37,879 Speaker 1: a dinosaur in your own business, and um, managing people, Well, 348 00:19:37,960 --> 00:19:40,240 Speaker 1: let's just say that knowing what you don't know is 349 00:19:40,280 --> 00:19:44,879 Speaker 1: a tremendous asset in the business. So we we have 350 00:19:44,920 --> 00:19:47,639 Speaker 1: to acknowledge that I'm do you know, I'm not going 351 00:19:47,680 --> 00:19:53,080 Speaker 1: to clubs and taking ecstasy anymore. We can acknowledge that. Okay, 352 00:19:53,280 --> 00:19:56,119 Speaker 1: you can acknowledge that so or you know, I'm not 353 00:19:56,200 --> 00:19:58,320 Speaker 1: in the life you know or whatever you know, and 354 00:19:58,720 --> 00:20:03,840 Speaker 1: people artists and businessman age and one has to deal 355 00:20:03,880 --> 00:20:05,919 Speaker 1: with it. So for me, I know what I don't know. 356 00:20:06,280 --> 00:20:10,359 Speaker 1: And I have surrounded myself with a tremendous team and 357 00:20:10,560 --> 00:20:14,560 Speaker 1: many are better than me, and I've talked them all. 358 00:20:14,600 --> 00:20:18,040 Speaker 1: I'm quite proud, and many of them are actually better 359 00:20:18,040 --> 00:20:19,760 Speaker 1: than me. Now I have to like remember that I 360 00:20:19,800 --> 00:20:22,720 Speaker 1: talked them, so I don't jump off a building. But 361 00:20:23,000 --> 00:20:25,320 Speaker 1: you know, I'm okay. But I'm definitely not the smartest 362 00:20:25,320 --> 00:20:30,000 Speaker 1: guy in the room. But um so we got this 363 00:20:30,080 --> 00:20:34,040 Speaker 1: great team. The teamwork is very important for you know, 364 00:20:34,160 --> 00:20:38,720 Speaker 1: a business business my size, especially especially with founders. You know, 365 00:20:38,840 --> 00:20:43,879 Speaker 1: founders tend to which you are one, Bethany, but founders 366 00:20:43,880 --> 00:20:47,000 Speaker 1: tend to come up the work sometimes because they're perfectionists 367 00:20:47,600 --> 00:20:52,000 Speaker 1: and like everything is important. Everything is important to them. 368 00:20:52,119 --> 00:20:55,800 Speaker 1: Um I remember at it. We we have these shoes 369 00:20:55,840 --> 00:20:58,960 Speaker 1: shows in the showrooms and we cater food and we 370 00:20:59,000 --> 00:21:01,160 Speaker 1: have all the we had. This was before the pandemic. 371 00:21:01,400 --> 00:21:04,280 Speaker 1: All the buyers would come up from all over the country. 372 00:21:04,400 --> 00:21:08,800 Speaker 1: And I remember the chocolate chip cookies tasted bad, and 373 00:21:08,880 --> 00:21:12,199 Speaker 1: I called the caterer and I went crazy, said, you 374 00:21:12,200 --> 00:21:15,720 Speaker 1: can't have cookies that tastes like medicine. You cannot do that, 375 00:21:15,840 --> 00:21:18,920 Speaker 1: like I wasting. People are looking at me like, you're man, 376 00:21:19,880 --> 00:21:22,800 Speaker 1: you can't run a billion dollar company working at the cookies. 377 00:21:23,480 --> 00:21:30,679 Speaker 1: So yes, we've you know, we've have young people and 378 00:21:30,680 --> 00:21:33,280 Speaker 1: and and the reason I say young people is because 379 00:21:33,400 --> 00:21:36,800 Speaker 1: there's been a revolution in the last ten years. It's 380 00:21:36,840 --> 00:21:41,760 Speaker 1: like that. I feel like this society and business kind 381 00:21:41,760 --> 00:21:48,240 Speaker 1: of didn't move up until about twelve years ago, fifteen 382 00:21:48,320 --> 00:21:50,320 Speaker 1: years ago, and all of a sudden, we're in a 383 00:21:50,440 --> 00:21:54,600 Speaker 1: cycle now that's moving so quick. Every every month there's 384 00:21:54,640 --> 00:21:58,320 Speaker 1: something new and so and it's mostly because of the 385 00:21:58,359 --> 00:22:03,840 Speaker 1: phone and because social media. So I would so I 386 00:22:04,000 --> 00:22:07,160 Speaker 1: had come as someone that didn't grow up with social media, 387 00:22:07,280 --> 00:22:10,200 Speaker 1: like you know, it's not a it's not an instinctual 388 00:22:10,320 --> 00:22:13,840 Speaker 1: thing for me. And uh, I have a bunch of 389 00:22:13,880 --> 00:22:17,479 Speaker 1: young people that live and breathe all the you know, 390 00:22:17,600 --> 00:22:20,800 Speaker 1: social media platforms, and we're very advanced as a company. 391 00:22:20,880 --> 00:22:23,600 Speaker 1: And you know, I love it. I you know, I'm 392 00:22:23,640 --> 00:22:28,040 Speaker 1: not really I don't. I'm not on TikTok but my children. 393 00:22:28,200 --> 00:22:32,320 Speaker 1: And is it selling shoes? Is TikTok selling shoes for you? Fantastic? 394 00:22:32,440 --> 00:22:35,440 Speaker 1: So how important is social media for you? It's everything, 395 00:22:35,720 --> 00:22:39,399 Speaker 1: It's everything outside of my what I do, which is 396 00:22:39,720 --> 00:22:44,800 Speaker 1: make the donuts. So that hasn't changed, thankfully. Um and 397 00:22:44,880 --> 00:22:48,280 Speaker 1: what about e commerce? How strong was your e commerce 398 00:22:48,400 --> 00:22:51,320 Speaker 1: during this pandemic? How much did that quote unquote savior 399 00:22:51,400 --> 00:22:55,560 Speaker 1: your retail business In many ways, our e commerce business 400 00:22:55,600 --> 00:23:00,600 Speaker 1: is tremendous. It is exploated beyond my wild the streams, 401 00:23:01,320 --> 00:23:07,199 Speaker 1: the numbers are astronomical, and you know we've sped up 402 00:23:07,200 --> 00:23:11,400 Speaker 1: into the future. You know, that's what the pandemic did. Again, 403 00:23:11,720 --> 00:23:15,440 Speaker 1: just to remind you, just to reiterate, it's actually good 404 00:23:15,440 --> 00:23:18,720 Speaker 1: for me to even hear myself saying these words. It 405 00:23:18,840 --> 00:23:21,639 Speaker 1: still hasn't changed. My basic function is, which is making 406 00:23:21,640 --> 00:23:26,040 Speaker 1: shoes that people want to buy, which is what I 407 00:23:26,240 --> 00:23:31,120 Speaker 1: focus on. And uh so the platforms have changed dramatically, 408 00:23:31,359 --> 00:23:35,960 Speaker 1: not the platform, shoes, the vehicle. Yea, yes, it's tremendous. 409 00:23:36,400 --> 00:23:39,919 Speaker 1: We're even gonna be doing more stuff on YouTube. And 410 00:23:41,160 --> 00:23:43,520 Speaker 1: you know, I'm thinking of having a little show on 411 00:23:43,560 --> 00:23:47,760 Speaker 1: YouTube and not like what you do with the podcast, 412 00:23:47,800 --> 00:23:53,280 Speaker 1: but like a shoe show, like I like this shoe. 413 00:23:54,359 --> 00:23:57,280 Speaker 1: You know, It's it's very exciting time. It's very exciting 414 00:23:57,320 --> 00:24:00,719 Speaker 1: for me. I'm I'm as excited as I've been in 415 00:24:01,280 --> 00:24:08,040 Speaker 1: twenty years. Wow, that's amazing. Yes, because because because the 416 00:24:08,040 --> 00:24:11,440 Speaker 1: internet is so damn exciting. It's so and you could 417 00:24:11,440 --> 00:24:15,439 Speaker 1: put up shoes and get reaction and it's fantastic. So 418 00:24:15,520 --> 00:24:18,600 Speaker 1: now what what drives you? Is it? I don't know, 419 00:24:18,600 --> 00:24:20,239 Speaker 1: I mean just the money. The money is like the 420 00:24:20,280 --> 00:24:22,800 Speaker 1: scorecard as we know, is that the game? Is that 421 00:24:22,880 --> 00:24:25,160 Speaker 1: the idea. It's not your kids. Your kids are set 422 00:24:25,240 --> 00:24:27,520 Speaker 1: up forever anyway. Sometimes people say that, and you know, 423 00:24:27,600 --> 00:24:29,359 Speaker 1: and if we say that, but we know that our 424 00:24:29,400 --> 00:24:32,360 Speaker 1: kids are fine, you know, way better than we grew up. 425 00:24:32,440 --> 00:24:34,959 Speaker 1: So what makes you want to do this all the time? 426 00:24:35,000 --> 00:24:37,439 Speaker 1: You're addicted to the idea, the execution of the idea. 427 00:24:37,720 --> 00:24:39,679 Speaker 1: What makes you keep going? And people around you're like, 428 00:24:39,920 --> 00:24:44,680 Speaker 1: fucking stop, relaxed, It's like enough, what is it? Yes? 429 00:24:44,840 --> 00:24:47,600 Speaker 1: I was born this way I'm very competitive. I was competitive, 430 00:24:47,680 --> 00:24:51,280 Speaker 1: is you know a ten year old? Uh, and I'm 431 00:24:51,320 --> 00:24:54,560 Speaker 1: competitive now. I want everybody to wear my shoes. I 432 00:24:54,720 --> 00:25:01,160 Speaker 1: just want people to just love my shoes. For love. 433 00:25:01,440 --> 00:25:03,240 Speaker 1: You're looking for love. I believe that you're looking for 434 00:25:03,400 --> 00:25:07,959 Speaker 1: love and adoration, well adoration even though yes, all right, 435 00:25:08,880 --> 00:25:11,160 Speaker 1: so now let's get into the stuff that really people 436 00:25:11,200 --> 00:25:16,040 Speaker 1: can definitely relate to, which is hitting the bottom twice. 437 00:25:16,160 --> 00:25:19,200 Speaker 1: I feel like you you had you said before you 438 00:25:19,240 --> 00:25:25,720 Speaker 1: were you are an addict. You had recovering addict, okay, 439 00:25:25,800 --> 00:25:30,560 Speaker 1: and you had a relapse. So what's harder the first 440 00:25:30,600 --> 00:25:34,800 Speaker 1: time to quit or the relapse, which is really the bottom? 441 00:25:34,840 --> 00:25:37,879 Speaker 1: Which is worse. I haven't had a drink in twenty 442 00:25:37,880 --> 00:25:40,600 Speaker 1: one years, though I had a relapse on pain pills. 443 00:25:40,960 --> 00:25:44,520 Speaker 1: But it's a day at a time, you know, So 444 00:25:45,200 --> 00:25:49,000 Speaker 1: we didn't talk about it. Sobriety is the most important 445 00:25:49,000 --> 00:25:52,600 Speaker 1: thing in my life. Uh, it's hard sometimes and there 446 00:25:52,640 --> 00:25:56,320 Speaker 1: are days when it's not right. So like that's when 447 00:25:56,359 --> 00:25:58,840 Speaker 1: I'm in trouble, on those days when I think more 448 00:25:58,880 --> 00:26:04,920 Speaker 1: about money or love or family or whatever. No, sobriety 449 00:26:04,960 --> 00:26:08,760 Speaker 1: is more important than family. Sobriety is more important than 450 00:26:08,800 --> 00:26:12,879 Speaker 1: my children. Sobriety is more important than Steve madden shoes. 451 00:26:13,880 --> 00:26:16,719 Speaker 1: And that's the fact. And the days that I know 452 00:26:16,880 --> 00:26:20,359 Speaker 1: that are the days that I'm good. That's powerful. Do 453 00:26:20,440 --> 00:26:23,960 Speaker 1: people say that? Do that? It's more paramount anything. Everything 454 00:26:24,040 --> 00:26:30,959 Speaker 1: goes if I use everything goes, children, money, self esteem, 455 00:26:31,680 --> 00:26:36,640 Speaker 1: death could be shortly coming. My demise will come at 456 00:26:36,680 --> 00:26:42,520 Speaker 1: this age, will come shortly thereafter. And so that's why 457 00:26:42,680 --> 00:26:49,160 Speaker 1: it's everything, do you every My mind always plays tricks 458 00:26:49,240 --> 00:26:53,280 Speaker 1: on me. In some mornings, I wake up and, uh, 459 00:26:53,960 --> 00:26:57,080 Speaker 1: you know, I think God, life is so beautiful and 460 00:26:57,720 --> 00:27:02,199 Speaker 1: I'm the most blessed man and you know, wonderful. And 461 00:27:02,240 --> 00:27:04,600 Speaker 1: then there are mornings when I wake up and I 462 00:27:04,600 --> 00:27:10,520 Speaker 1: I hate myself. I think you're just the most selfish, 463 00:27:11,000 --> 00:27:16,399 Speaker 1: self centered motherfucker. People only like you because you have money. 464 00:27:16,600 --> 00:27:20,160 Speaker 1: I have those days, they are not I have more 465 00:27:20,200 --> 00:27:22,960 Speaker 1: of the good days. But are the bad days connected 466 00:27:22,960 --> 00:27:25,080 Speaker 1: to saying I could have a drink today or it's 467 00:27:25,080 --> 00:27:28,680 Speaker 1: not like that? Eventually, if you allow yourself to wallow 468 00:27:28,760 --> 00:27:31,639 Speaker 1: and that, you will head in the wrong direction. So 469 00:27:31,680 --> 00:27:34,800 Speaker 1: I like to say, you know, am I headed shorts 470 00:27:34,840 --> 00:27:37,280 Speaker 1: a drink or away from a drink today? You know? 471 00:27:37,920 --> 00:27:43,280 Speaker 1: And you know, it's a good little sort of internal question. 472 00:27:43,760 --> 00:27:46,480 Speaker 1: And uh, and the pandemic has been tough. You know, 473 00:27:46,520 --> 00:27:48,720 Speaker 1: it's been tough because you had a lot of time alone. 474 00:27:49,440 --> 00:27:52,240 Speaker 1: And I thought about that for people very beginning. I thought, Hey, 475 00:27:52,280 --> 00:27:54,840 Speaker 1: where are people going to get it? People were desperate 476 00:27:54,840 --> 00:27:58,399 Speaker 1: in the beginning of where to get their fixed? Super 477 00:27:58,440 --> 00:28:01,320 Speaker 1: desperate and crazy. I thought about at the beginning, Yeah, 478 00:28:01,400 --> 00:28:03,120 Speaker 1: it's been it's been a dark time. And you don't 479 00:28:03,119 --> 00:28:06,760 Speaker 1: think about every pocket of how emotionally our minds have 480 00:28:06,800 --> 00:28:09,120 Speaker 1: played tricks on us. You feel depressed, you feel a malaise, 481 00:28:09,160 --> 00:28:11,440 Speaker 1: you feel blah, you don't know what's going on. It's 482 00:28:11,440 --> 00:28:13,080 Speaker 1: been a really hard time. And yeah, it is good 483 00:28:13,080 --> 00:28:14,560 Speaker 1: that there were places for people to get help. But 484 00:28:14,920 --> 00:28:16,679 Speaker 1: I thought about what it would be like to be 485 00:28:16,920 --> 00:28:20,960 Speaker 1: using and to in the pandemic. You can hide trying 486 00:28:21,040 --> 00:28:24,800 Speaker 1: to You could hide, but you'd have to procure your 487 00:28:24,920 --> 00:28:28,320 Speaker 1: drug of choice. And I actually thought about, Oh my god, 488 00:28:28,440 --> 00:28:32,800 Speaker 1: that's gotta be just so awful. And so I'm so grateful. 489 00:28:32,960 --> 00:28:36,040 Speaker 1: It's not something I'm ashamed of. I think it's honorable 490 00:28:36,040 --> 00:28:37,840 Speaker 1: that you talk about it. I think you have to 491 00:28:37,880 --> 00:28:52,360 Speaker 1: talk about your flaws. So was your low point um 492 00:28:52,400 --> 00:28:56,440 Speaker 1: getting into trouble and going away, or was your low 493 00:28:56,480 --> 00:28:59,840 Speaker 1: point your addiction or they all intertwined, and what was 494 00:28:59,880 --> 00:29:02,200 Speaker 1: your high point? Like, what's the most successful thing you've 495 00:29:02,240 --> 00:29:04,800 Speaker 1: ever done, besides having kids. I'm sure that's the joy 496 00:29:04,840 --> 00:29:07,240 Speaker 1: of your life. And you can mention that. Obviously, let's 497 00:29:07,240 --> 00:29:10,360 Speaker 1: take kids out, because having kids is the greatest thing 498 00:29:10,440 --> 00:29:15,280 Speaker 1: for me. But certainly when I opened, uh my first story, 499 00:29:15,320 --> 00:29:21,040 Speaker 1: big yeah, yeah, bigger than public, Yeah, public was it was. 500 00:29:21,760 --> 00:29:23,720 Speaker 1: It was a little bit more ephemeral. I mean, you 501 00:29:23,720 --> 00:29:25,959 Speaker 1: you go public and then your public, and then all 502 00:29:25,960 --> 00:29:29,040 Speaker 1: of a sudden that's becomes It's not so it's not 503 00:29:29,080 --> 00:29:32,120 Speaker 1: a big deal. Not to be corny, but I was 504 00:29:32,200 --> 00:29:37,120 Speaker 1: so proud of my team and my company during the pandemic. 505 00:29:37,720 --> 00:29:39,280 Speaker 1: I feel like we're headed out of it now, but 506 00:29:39,960 --> 00:29:45,840 Speaker 1: you know, the company, it was devastating, you know when 507 00:29:45,840 --> 00:29:48,240 Speaker 1: we went into it's like all of a sudden, stores 508 00:29:48,280 --> 00:29:51,600 Speaker 1: are closed all over the world. You know, it was devastating. 509 00:29:51,960 --> 00:29:57,240 Speaker 1: You were scared, you're actually nervous. I was, uh, not 510 00:29:57,400 --> 00:30:02,160 Speaker 1: as nervous as Look, I had money in the bed, 511 00:30:02,280 --> 00:30:05,240 Speaker 1: so I knew that I'd be okay. So and I 512 00:30:05,280 --> 00:30:12,120 Speaker 1: know that's you know, I've what's going on. No, no, no, 513 00:30:12,200 --> 00:30:13,880 Speaker 1: but but I you don't have to think like that. 514 00:30:14,200 --> 00:30:19,480 Speaker 1: My kids could be okay. But but then the company 515 00:30:19,960 --> 00:30:24,400 Speaker 1: has just been through almost it's like a nuclear attack 516 00:30:24,480 --> 00:30:29,280 Speaker 1: on this and my company. This company we are. We've 517 00:30:29,320 --> 00:30:31,720 Speaker 1: got through the pandemic, and we went through the worst 518 00:30:31,760 --> 00:30:34,960 Speaker 1: of it. We stayed with it. We opened in shifts. 519 00:30:35,640 --> 00:30:39,440 Speaker 1: We're still not open fully. And the team that I 520 00:30:39,480 --> 00:30:43,120 Speaker 1: worked with, we built great shoes. We shifted to the internet, 521 00:30:43,240 --> 00:30:45,800 Speaker 1: you know, the focus, we shifted to so many things. 522 00:30:45,920 --> 00:30:49,960 Speaker 1: I am so proud of my company right now that 523 00:30:50,000 --> 00:30:53,200 Speaker 1: we have been through this thing. We didn't take any 524 00:30:53,240 --> 00:30:57,520 Speaker 1: any money from the government, and you know, we flourished 525 00:30:57,640 --> 00:31:01,320 Speaker 1: and we're stronger than we've ever been. Here. We are 526 00:31:02,320 --> 00:31:06,640 Speaker 1: in April two one, and I'm stronger today than I've 527 00:31:06,680 --> 00:31:11,720 Speaker 1: ever been. And we have been through a retail absolutely 528 00:31:12,040 --> 00:31:15,920 Speaker 1: no scenario. Stores all over the world at eighteen stores, 529 00:31:16,400 --> 00:31:20,560 Speaker 1: eighteen stores in Israel, closed stores in Dubai, closed stores 530 00:31:20,600 --> 00:31:25,960 Speaker 1: in Europe closed. Uh, just devastating. And my partners, uh, 531 00:31:26,600 --> 00:31:30,320 Speaker 1: you know, Nordstrom went through the same things, Macy's and 532 00:31:31,960 --> 00:31:35,680 Speaker 1: you know, the government, you know, the stimulus was helpful 533 00:31:35,720 --> 00:31:39,440 Speaker 1: and we're getting through it and but we didn't lose 534 00:31:39,480 --> 00:31:43,640 Speaker 1: our Yeah. Everyone, the takeaway here is that you got 535 00:31:43,680 --> 00:31:46,120 Speaker 1: you get stunned like a deer for two minutes. You 536 00:31:46,160 --> 00:31:49,120 Speaker 1: cannot live in that. You need to grab the steering. 537 00:31:49,160 --> 00:31:51,600 Speaker 1: We are really tight because you're going you know you're 538 00:31:51,600 --> 00:31:53,640 Speaker 1: gonna be on a rocky road. But you just don't 539 00:31:53,720 --> 00:31:55,760 Speaker 1: let go and you take a breath and you figure 540 00:31:55,800 --> 00:32:00,160 Speaker 1: out what you're gonna do. Because where there's where they're stress, 541 00:32:00,440 --> 00:32:02,760 Speaker 1: there's relief somewhere else. You just have to figure out 542 00:32:02,840 --> 00:32:04,480 Speaker 1: where it is. And I think this is going to 543 00:32:04,600 --> 00:32:07,440 Speaker 1: be a gold rush and that seeds were planted during 544 00:32:07,440 --> 00:32:10,400 Speaker 1: the pandemic that will grow into trees and flowers afterwards. 545 00:32:10,560 --> 00:32:13,160 Speaker 1: If you sat there panicked and didn't move and be nimble, 546 00:32:13,560 --> 00:32:14,960 Speaker 1: that's not going to be great. But that's why the 547 00:32:14,960 --> 00:32:18,000 Speaker 1: word pivot has been to popular words shift. People restructured, 548 00:32:18,120 --> 00:32:20,400 Speaker 1: people realize how many people they really need to have 549 00:32:20,440 --> 00:32:22,560 Speaker 1: working for them, how much they have to don't be 550 00:32:22,560 --> 00:32:24,600 Speaker 1: on an airplane and go to a hotel and change 551 00:32:24,600 --> 00:32:27,280 Speaker 1: your business, so there's still time to figure out how 552 00:32:27,280 --> 00:32:31,000 Speaker 1: to restructure, regroup, and you know, just reorganized. So that's 553 00:32:31,000 --> 00:32:34,160 Speaker 1: what I think, and in every way, real estate, online 554 00:32:34,200 --> 00:32:37,080 Speaker 1: e comm or social media, retail like it all has 555 00:32:37,200 --> 00:32:39,480 Speaker 1: changed and it won't. You can't sleep on it either 556 00:32:39,520 --> 00:32:41,160 Speaker 1: because it's not gonna come back, and then we can't 557 00:32:41,160 --> 00:32:43,480 Speaker 1: be not prepared for that. So it's a good time 558 00:32:43,520 --> 00:32:46,720 Speaker 1: to really just assess and be nimble. That's what I think. 559 00:32:46,920 --> 00:32:49,520 Speaker 1: So what made you go public besides like and not 560 00:32:49,600 --> 00:32:51,920 Speaker 1: sell your company and how much of your company do 561 00:32:51,920 --> 00:32:53,680 Speaker 1: you own? What are you what's your title? Like? I 562 00:32:53,720 --> 00:32:55,800 Speaker 1: don't really know about that kind of stuff. So it 563 00:32:55,880 --> 00:32:58,280 Speaker 1: was a little different because we went public with Strattonoma, 564 00:32:58,600 --> 00:33:00,680 Speaker 1: which is the famous world of Wall shot out some 565 00:33:00,880 --> 00:33:06,600 Speaker 1: little shenanigans and all of that. Um chief creative, it's 566 00:33:06,640 --> 00:33:10,080 Speaker 1: a little lofty, the chief chief creator. I was forced 567 00:33:10,120 --> 00:33:13,360 Speaker 1: to resign as the CEO, and I had a seven 568 00:33:13,440 --> 00:33:22,400 Speaker 1: year ban and uh that started in the sec ban me. 569 00:33:22,720 --> 00:33:26,760 Speaker 1: And so when the seven years was up, uh fast 570 00:33:26,800 --> 00:33:29,800 Speaker 1: forward to two thousand eight or nine or whatever it was, 571 00:33:29,880 --> 00:33:35,280 Speaker 1: I I thought, I got this amazing CEO. I hired 572 00:33:35,320 --> 00:33:40,120 Speaker 1: this young guy that's a whiz fantastic, gets me, gets 573 00:33:40,160 --> 00:33:44,360 Speaker 1: the company, and you know, and I was able to 574 00:33:45,760 --> 00:33:48,000 Speaker 1: because I was forced to do it. And it was 575 00:33:48,040 --> 00:33:54,720 Speaker 1: a terrible CEO emotional screaming the worst, you guy. You know, 576 00:33:55,200 --> 00:33:59,880 Speaker 1: So I was able to be Steve and have others 577 00:34:00,080 --> 00:34:03,800 Speaker 1: run the other stuff, and we were wating. We're able 578 00:34:03,800 --> 00:34:07,200 Speaker 1: to let go and build your foundation properly and delegate 579 00:34:07,400 --> 00:34:09,359 Speaker 1: and just let someone be better than you at that 580 00:34:09,880 --> 00:34:14,680 Speaker 1: finding someone doesn't mean pluck um. We should. We should. 581 00:34:15,040 --> 00:34:17,520 Speaker 1: Here's a good show that we could do on letting go. 582 00:34:18,040 --> 00:34:20,920 Speaker 1: But that's it's not easy for someone like me to 583 00:34:21,000 --> 00:34:24,640 Speaker 1: not run everything same. But until you find the right 584 00:34:24,680 --> 00:34:26,360 Speaker 1: people to do it, it's not that easy, and you 585 00:34:26,360 --> 00:34:29,200 Speaker 1: have to stop down the rocket ship. It's reminds you 586 00:34:29,239 --> 00:34:32,800 Speaker 1: of there is a saying, you know, when the student 587 00:34:33,000 --> 00:34:36,520 Speaker 1: is ready, the teacher will appear perfect. All right, Well, 588 00:34:36,760 --> 00:34:39,560 Speaker 1: and uh so that's sort of a I love it. 589 00:34:39,760 --> 00:34:41,880 Speaker 1: So the last thing I want to ask is, so 590 00:34:41,960 --> 00:34:46,319 Speaker 1: you've had astronomical success um in the fashion world, in 591 00:34:46,360 --> 00:34:52,480 Speaker 1: the business world. You're very very charismatic, successful role model, 592 00:34:52,600 --> 00:34:55,879 Speaker 1: business story. And you give back. It's undeniable. You give 593 00:34:55,920 --> 00:34:59,440 Speaker 1: back your philanthropist. So even the things that have been 594 00:34:59,440 --> 00:35:03,040 Speaker 1: the worst things in my life, I genuinely do not regret. Yeah, 595 00:35:03,080 --> 00:35:05,799 Speaker 1: so do you have do you regret with those your 596 00:35:05,880 --> 00:35:08,239 Speaker 1: low points or your low points also contributing to your 597 00:35:08,280 --> 00:35:11,279 Speaker 1: high points. Well, sure, I mean, you know, every you're 598 00:35:11,320 --> 00:35:13,680 Speaker 1: on a path and everything leads you to somewhere. And 599 00:35:13,760 --> 00:35:18,080 Speaker 1: that's the one answer that I have given. Certainly, I 600 00:35:18,120 --> 00:35:22,880 Speaker 1: regret some of my behavior I couldn't. I'm glad I 601 00:35:22,920 --> 00:35:28,880 Speaker 1: was able to get sober. Uh. I regret the some 602 00:35:29,040 --> 00:35:32,319 Speaker 1: of being so shortsighted with this in the Stratton Oak 603 00:35:32,440 --> 00:35:37,160 Speaker 1: month phase. I regret that I was fearful and took 604 00:35:37,200 --> 00:35:43,600 Speaker 1: shortcuts and I was so intoxicated by I mean, if 605 00:35:43,600 --> 00:35:47,400 Speaker 1: you saw the movie, you know that whole bit. So 606 00:35:47,440 --> 00:35:51,680 Speaker 1: I do regret. I do regret my behavior, and I 607 00:35:51,760 --> 00:35:54,840 Speaker 1: certainly wish I was more successful in my marriage. I 608 00:35:54,960 --> 00:36:04,760 Speaker 1: regret that. And uh so I definitely have regrets. And yeah, 609 00:36:04,840 --> 00:36:09,160 Speaker 1: I mean I do. I'm I'm I'm happy. All the 610 00:36:09,200 --> 00:36:13,399 Speaker 1: pain and suffering kind of leads you to somewhere and 611 00:36:13,520 --> 00:36:15,360 Speaker 1: you're happy. Now. You sound like you're in a good place. 612 00:36:15,760 --> 00:36:19,680 Speaker 1: I am. I am happy most days. Yes, I'm happy 613 00:36:19,760 --> 00:36:22,959 Speaker 1: right now talking to you. Yeah, I'm happy to what's 614 00:36:22,960 --> 00:36:25,040 Speaker 1: your what's your mantra? And maybe it may have changed, 615 00:36:25,080 --> 00:36:28,680 Speaker 1: but what is your sort of blanket statement? Oh my god, 616 00:36:28,880 --> 00:36:32,760 Speaker 1: you know what I could answer this question on different days, 617 00:36:32,800 --> 00:36:37,560 Speaker 1: in different ways. Every day, what's today? I just I 618 00:36:37,640 --> 00:36:43,160 Speaker 1: believe in showing up. You know, we're talking to entrepreneurs 619 00:36:43,160 --> 00:36:45,640 Speaker 1: out there that are going to be listening that young 620 00:36:45,640 --> 00:36:51,280 Speaker 1: women that admire you, and you know, I really believe 621 00:36:51,280 --> 00:36:57,200 Speaker 1: in showing up. I believe in doing the next thing. Um, 622 00:36:57,239 --> 00:37:00,920 Speaker 1: some people say do the next right thing. I don't 623 00:37:00,960 --> 00:37:04,520 Speaker 1: necessarily believe that, because one never knows what is the 624 00:37:04,600 --> 00:37:09,920 Speaker 1: right thing. But if you keep showing up, putting yourself 625 00:37:09,960 --> 00:37:19,120 Speaker 1: in position to have things happen for you in whatever aspect, intellectually, 626 00:37:20,880 --> 00:37:24,120 Speaker 1: business wise, sexually, whatever it is, just keep showing up, 627 00:37:24,200 --> 00:37:26,920 Speaker 1: you know. I mean, I really believe it's important. I 628 00:37:27,000 --> 00:37:28,839 Speaker 1: love that, and no one said that yet. I love that. 629 00:37:28,840 --> 00:37:30,960 Speaker 1: That's good showing up and it's something very tangible. So 630 00:37:31,040 --> 00:37:33,319 Speaker 1: I appreciate that in every way. That'd be somebody who 631 00:37:33,320 --> 00:37:36,479 Speaker 1: shows up for everything. You're amazing. I'm glad I watched 632 00:37:36,520 --> 00:37:38,719 Speaker 1: the documentary. I'm glad it made me think of calling you. 633 00:37:38,719 --> 00:37:40,840 Speaker 1: I already had you on the list, but this is 634 00:37:40,880 --> 00:37:43,239 Speaker 1: exciting and you have a great story, and um, I'm 635 00:37:43,280 --> 00:37:45,239 Speaker 1: so let's talk to you, and thanks for taking the time. 636 00:37:45,280 --> 00:37:53,120 Speaker 1: You're very busy, Yes, good to see you. Steve Madden 637 00:37:53,360 --> 00:37:57,040 Speaker 1: has a documentary out which I know him perfectly, but 638 00:37:57,160 --> 00:38:00,000 Speaker 1: I know him, I have his phone number, we've met before. 639 00:37:59,840 --> 00:38:03,560 Speaker 1: That's a major brand and international brand, and people here 640 00:38:03,800 --> 00:38:05,440 Speaker 1: that I want to have on you may not be 641 00:38:05,480 --> 00:38:08,239 Speaker 1: thinking about every day. You know. It's like somebody unexpected 642 00:38:08,239 --> 00:38:09,759 Speaker 1: and then all of a sudden you say to yourself, Wow, 643 00:38:09,840 --> 00:38:12,799 Speaker 1: yeah that's right, Steven Man. Those shoes are everywhere, and 644 00:38:12,840 --> 00:38:15,640 Speaker 1: how did that happen? Who is that person behind it? 645 00:38:16,040 --> 00:38:20,120 Speaker 1: That's a lot of what makes me tick. And I 646 00:38:20,160 --> 00:38:22,480 Speaker 1: love doing this so much because I'll read information on 647 00:38:22,560 --> 00:38:26,600 Speaker 1: people that I even know. Um And he's insightful. He's 648 00:38:26,760 --> 00:38:29,880 Speaker 1: honest about where he's come from, about where he's going, 649 00:38:30,000 --> 00:38:33,520 Speaker 1: what he's doing, about parenting, about addiction, about going to jail, 650 00:38:33,600 --> 00:38:39,040 Speaker 1: about going public, about humanity, about philanthropy. He helps people 651 00:38:39,040 --> 00:38:42,760 Speaker 1: who have been incarcerated. Uh, he gives back a lot. 652 00:38:42,960 --> 00:38:45,600 Speaker 1: And I just think these stories continue to be more 653 00:38:45,719 --> 00:38:49,160 Speaker 1: deep intertwined. And if you listen to this podcast, you're 654 00:38:49,200 --> 00:38:51,360 Speaker 1: going to get something different from each person, and you 655 00:38:51,400 --> 00:38:54,600 Speaker 1: can combine all of those things together into your own 656 00:38:54,760 --> 00:38:59,960 Speaker 1: entrepreneurial and personal puzzle. So I appreciate you for listening, grate, review, 657 00:39:00,120 --> 00:39:04,120 Speaker 1: and subscribe. Ah, and we keep going. It's keeps getting 658 00:39:04,120 --> 00:39:13,240 Speaker 1: better and better. Just B is hosted and executive produced 659 00:39:13,239 --> 00:39:16,360 Speaker 1: by me, Bethany Frankel. Just Be as a production of 660 00:39:16,400 --> 00:39:20,920 Speaker 1: Be Real Productions and I Heart Radio. Our Managing Producer 661 00:39:21,000 --> 00:39:23,880 Speaker 1: is Fiona Smith, and our producer is Stephanie Stender. Our 662 00:39:23,960 --> 00:39:27,399 Speaker 1: EP is Morgan Levoy. To catch more moments from the show, 663 00:39:27,440 --> 00:39:38,880 Speaker 1: follow us on Instagram at just Be with Bethany