TFS#194 - Chris Kaufman Co-founder @StockX Shares How They Built a $3.8 Billion Dollar Company

Christopher Kaufman is a co-founder and the Chief Creative Officer of StockX, an online marketplace for sneakers, collectibles, and clothing. StockX, launched in 2016, uses stock market principles for trading items with transparency and authenticity. Beyond his role at StockX, Kaufman has been involved in other ventures and continues to engage with the entrepreneurial community, sharing his experiences and insights with students and aspiring entrepreneurs​ Connect with Christopher Kaufman! instagram.com/kaufstagram x.com/kauf CHAPTERS: 0:00 - Introduction 0:59 - Meet Christopher Kaufman 5:39 - Chris's Painting Collections 6:40 - Has Chris always been a Collector? 7:10 - Chris on StockX and Art Clvb 12:13 - How does StockX handle sneaker/clothing/collectible verification? 18:40 - Chris on StockX's Two-Verification Process 20:38 - StockX's Verification Process Success Rate 25:42 - Chris on StockX's Verification Costs 27:49 - Chris on StockX's Sellers making Multi-Million dollar Businesses 31:12 - How do people make money on StockX? 34:07 - How does Sneaker Backdooring Work? 37:19 - How does E-commerce affect the Retail Market? 42:12 - Are Luxury Brands Declining in Hype Nowadays? 48:34 - Chris on the valuation of Andy's TNF x Supreme Atlas Jacket and other collectibles 55:59 - Chris on Why and How he started Art Clvb 1:04:10 - Chris on the consequences of breaking the Blockchain chain of ownership 1:06:31 - Chris on Cryptocurrency and Collecting NFTs 1:11:20 - Chris on Logan Paul's Fractional Sale of Pokémon Cards 1:14:22 - How does Fractional Ownership work? 1:17:26 - Chris's thoughts on investing in Watch Collections 1:21:25 - Chris on buying power through every generation 1:25:20 - Has traveling nowadays become Consumerism? 1:26:23 - Chris's thoughts on Replicas 1:29:52 - Chris on his criteria for buying things 1:32:10 - What products does Chris think are underrated? 1:34:14 - Chris on choosing what products to buy 1:35:34 - Chris's recent life discoveries 1:37:07 - Chris's goals for the next six months 1:37:49 - Connect with Chris Kaufman 1:38:21 - Outro