Steve Madden: Steve Madden (2018)

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.8 • 31.1K Ratings

🗓️ 23 December 2019

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Steve Madden fell in love with the shoe business in the 1970's, when he sold platform shoes at a neighborhood store in Long Island, New York; that was in high school. About 15 years later, he struck out on his own, designing and selling shoes with a high-end look at affordable prices. As his business—and his ambitions—began to grow, he got involved in a securities fraud scheme and wound up serving two and-a-half years in prison. In 2005, he returned to Steve Madden, where he helped the company grow into a business valued at $3 billion. PLUS in our post-script "How You Built That," we check back with "kid-preneur" Gabrielle Goodwin and her mom Rozalynn who invented GaBBY Bows—double snap barrettes that don't slip out of your hair. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Hey, Prime Members, you can listen to how I built this early and ad-free on Amazon Music.
0:07.0	Download the app today.
0:09.0	New Year's is here, and with it brings the possibility of change.
0:13.0	As one behavioral scientist put it, first starts are really powerful.
0:17.0	So as you head into 2023, LifeKit is a great resource to help you plan your life and tackle changes, both big and small.
0:24.0	Listen to the LifeKit podcast from NPR.
0:27.0	And just a quick heads up about today's show.
0:31.0	If you stick around to the very end, you will hear a very special clip from the latest episode of Wow in the World, our Kids Podcast.
0:40.0	It's our first ever musical extravaganza.
0:44.0	So if you want to know what I sound like when I sing, you will soon find out.
0:49.0	So if you've seen the film The Wolf of Wall Street, you might remember,
0:56.0	there's a scene where a young shoe designer is in a boiler room full of these bro-ish stock traders.
1:02.0	And while he's pitching this company, the traders are just being ruthless.
1:06.0	They're cracking mean jokes or even throwing things at him.
1:09.0	And the guy in that scene, he's playing a real person, a shoe designer named Steve Madden.
1:15.0	We're about to hear the story of how Steve wound up in that room, about the price he paid for dealing with those traders.
1:22.0	And how, in spite of everything, he built his shoe company into a massively successful brand.
1:28.0	It's an incredible story. It first ran in July of 2018.
1:32.0	Here you go.
1:37.0	I'm not one of those entrepreneurs that thought he was going to be super successful.
1:43.0	You know, I was just trying to survive.
1:45.0	And I'm very negative and very pessimistic.
	...

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