Earlier than co-founding StockX, Josh Luber ran three tech startups and joined the company world as a advisor at IBM in 2010. Luber was a sneaker head, however “nearly deliberately averted creating any companies that needed to do something with sneakers.” Whereas researching information at IBM, Luber realized eBay was the most important market for sneaker reselling, however with a number of sellers itemizing totally different costs for a similar product.
Luber figured that the sneaker reselling market would profit from following an alternate mannequin. This technique would assist alleviate uncertainty and imply that each sneaker listed on the alternate has one true market worth. In 2012, Luber began a facet challenge referred to as Campless, which scraped information from eBay resellers to have a look at costs for all sneakers offered on the platform by way of public sale. This basically created a shoe reselling value information for sneakerheads.
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How StockX Constructed A Billion Greenback Sneaker Resale Empire