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" While many say Schrager’s work is about design, it isn’t—it’s about ideas and experiences. Ian uses the power of his ideas to tap into what he calls the “collective unconsciousness, the ethereal, elusive, and hard-to-define magic and energy.” He understands the power of this intangible, emotional place and uses it to connect deeply with his customers. He knows that “the way a product makes you feel is more important than how it looks. The goal is to create experiences that people will remember, to touch them in emotional and visceral ways, to lift their spirits, to assault their senses, and to wow them in tasteful ways.” But just as important, Schrager under- stands that an amazing experience can’t be created from ideas alone, knowing that “good execution is just as important as a good idea.” And he has consistently manifested his creative potential because he has regularly married the four key elements that create value in our new age: purpose, creativity, execution, and emotion. "
― Alan Philips, , The Age of Ideas: Unlock Your Creative Potential
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" Let’s discuss our Swoosh-less Nike sneaker for a moment. My guess is that if you removed the branding from a pair of Nike Dunk sneakers, they would be worth no more than twenty-five percent of their retail price. That means that at least seventy-five percent of the value of a Nike sneaker is tied up in the emotional elements you can’t see or touch, the intangibles. But just because you can’t see them or touch them doesn’t mean they aren’t real.
For a parallel example, let’s look at Kanye West’s relationship with Adidas. Kanye has little or no athletic prowess—he’s a musi- cian, a tastemaker, a hype man. Whatever you may think of Kanye, he gets people talking and has been able to use his brand to create value for his partners. And that’s exactly what he did when he designed a line of sneakers for Adidas, the Yeezy Boost.
In February 2015, a limited run of his shoes sold out within ten minutes at a retail price of two hundred dollars. The shoes were then released to a wider audience a month later and once again sold out in record time. This is where things start to get interesting. According to Complex magazine, in the following quarter the Yeezy Boost accounted for $2.3 million in sales on eBay, three times the gross sales of its closest competitor, for an average price of $751 per pair. Let’s generously assume it cost Adidas fifty dollars per pair to produce and market a pair of Yeezy Boost. If that’s the case, Kanye West’s creativity is worth $701 per pair, and that doesn’t include the halo value to the overall Adidas brand. "
― Alan Philips, , The Age of Ideas: Unlock Your Creative Potential
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" At Supreme they do things their way, with little if any con- cern for how the rest of the fashion industry operates. Instead of releasing their new collections all at once, Supreme releases a small number of items at a time, usually somewhere between five and fifteen. The “drop,” as they call it, occurs online at 11 A.M. local time in America, the UK, and Japan, typically selling out in minutes. While many people believe this strategy is about building hype, the truth is that short runs of product were actually born out of not wanting to saddle their business with excess inventory. The strategy was discov- ered, not manufactured. "
― Alan Philips, , The Age of Ideas: Unlock Your Creative Potential
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" Most businesses have the goal of getting as big as possible. Supreme, on the other hand, strives to remain underground and boutique, growing only when they deem it will enhance the brand. As style writer Glenn O’Brien put it, “Supreme is a company that refuses to sell out.” But why? Well, first off, because it wouldn’t be authentic to who they are, what they do, and what they’re into. For instance, when asked why they wouldn’t expand into women’s wear, Jebbia simply replied, “It’s not what we know.” And that’s all they’ve done—manifest an authentic reflection of their core beliefs with unyielding discipline.
Supreme is a reflection of Jebbia’s life experiences and pas- sions. It just happened that his passion for “cool and unusual things for young people” was in harmony with the global youth movement that his brand has come to represent. Supreme continues to succeed on a massive scale because they have the discipline to focus their resources on creating great products rather than over-expanding. Or, as Jebbia puts it, “Staying true to what you do best has played a major role in our longevity. I would like people to see that we’re a small, independent skate company that has done our own thing, in our own way, over many years, and will hopefully continue to do so. "
― Alan Philips, , The Age of Ideas: Unlock Your Creative Potential
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" Sometimes, when we least expect it, energy moves like a tornado, in directions we don’t expect and that can feel negative. Our plan and harmony are disrupted, and then the question becomes, what do we do?
The natural reaction when something happens that’s unplanned is to panic or “fight the energy.” But that’s exactly the type of action you don’t want to take, because it’s in exact opposition to the harmony we’re aiming to achieve. So what can we do instead? There’s only one answer: accept it. Pause, take a deep breath, and trust that everything that happens is in your best interests. "
― Alan Philips, , The Age of Ideas: Unlock Your Creative Potential
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" For years, celebrities have had armies of people helping them craft very particular visions of who they are, which has generated tre- mendous value. For example, female teen stars are told to embrace a sexier image and take edgier roles as they get older, so their fans will begin to perceive them as adult actors and follow them as they move to the next level of their careers. Tom Cruise’s team carefully crafted his image for decades, which made him wealthy and pow- erful. Then one day he decided to go off script on Oprah’s show, jump on her couch, and make some controversial comments, which dented his carefully curated image, and cost him millions in future earnings. As the Huffington Post put it, “Though Cruise’s name isstill a big box-office draw, these days, he is better known for being an outspoken advocate for Scientology and for his public antics. The couch jump marked the first shift in Tom Cruise’s image away from the heartthrob he’d been.” Over time Cruise regained some of his lost cultural capital, but the impact was significant, and it’s a vivid example of perception impacting value. "
― Alan Philips, , The Age of Ideas: Unlock Your Creative Potential