Podcast with Justin Truong, CEO of PUSHAS

We just published our final podcast of 2021: An interview with Justin Truong, Co-founder & CEO of PUSHAS, a sneaker marketplace (and the world’s first dedicated sneaker fund!)

PUSHAS is based in Australia and on the heels of global expansion. Justin is a wealth of information and passionate about his craft.

Listen to it on Spotify or iTunes.

They talked about:

  • Building PUSHAS from the ground up by trading on sneaker groups on Facebook
  • The Ultra Boost Yeezy as his first true immersion into sneaker culture
  • How the sneaker industry is more accessible for women than typical asset classes
  • Using consignment to build the business and making a decision to go into the sneaker business full-time in 2019
  • Finding a niche by dealing with high-end, high-volume resellers by managing the entire sales process
  • Managing a limited supply problem by starting a sneaker fund overnight to provide more liquidity
  • How the PUSHAS sneaker fund encompasses 6,000 pairs of sneakers and produced a 60% return
  • The advantages of working full-time in the sneaker industry to spot trends
  • Australia as a smaller sneaker market compared to other countries and the importance of a secondary market
  • The advantages of the PUSHAS model of authenticating bulk sellers
  • The prevalence of counterfeit sneakers and the importance of having a great eye and a system for spotting fakes
  • PUSHAS expanding into the US with headquarters in Los Angeles
  • Building the PUSHAS brand around community
  • PUSHAS strategy to work with Stock X and GOAT rather than competing against them
  • Sneakers as a stable alternative asset class

We hope you enjoy. And if you do, give it some stars ⭐⭐⭐⭐⭐ (we need more ratings!)

Happy new year!

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Author

Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

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