{"id":27669,"date":"2017-07-05T15:13:38","date_gmt":"2017-07-05T19:13:38","guid":{"rendered":"https:\/\/www.wework.com\/creator\/creator\/?p=27669"},"modified":"2020-02-26T14:30:17","modified_gmt":"2020-02-26T19:30:17","slug":"arkiv-vintage-sneakers-big-business","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/community-stories\/member-spotlight\/arkiv-vintage-sneakers-big-business","title":{"rendered":"At Arkiv, vintage sneakers are big business"},"content":{"rendered":"\n<p>That pair of Air Jordans you\u2019ve kept in pristine condition all these years? You wouldn\u2019t believe what they\u2019re worth.<\/p>\n\n\n\n<p>\u201cThese sneakers are commodities,\u201d says Robert Mulokwa, founder of <a href=\"http:\/\/www.myarkiv.com\/\">Arkiv<\/a>. \u201cThey are very valuable assets. The secondary market in U.S.\u2014just for sneakers\u2014is over a billion dollars a year. That\u2019s 300 million pairs of sneakers a year.\u201d<\/p>\n\n\n\n<p>With facilities in Chicago and five other cities, Mulokwa\u2019s company buys and sells vintage kicks. Some of them, like the original version of the Nike Air Yeezy, a collaboration with Kanye West, go for hundreds of dollars. And for those who can\u2019t bear to part with their collection, Mulokwa also offers storage.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"\/ideas\/wp-content\/uploads\/sites\/4\/2017\/07\/Robert-Mulokwa-founder-of-Arkiv-2-800x571.jpg\" alt=\"\" class=\"wp-image-27672\"\/><\/figure>\n\n\n\n<p>\u201cWe found that a lot of sneakerheads come to a fork in the road where they have to revisit what they\u2019re going to do with all these shoes,\u201d says Mulokwa, a member at Chicago\u2019s <a href=\"https:\/\/www.wework.com\/buildings\/kinzie--chicago--IL\">WeWork 20 W Kinzie St<\/a>. \u201cWe\u2019ve had guys with hundreds of pairs.\u201d<\/p>\n\n\n\n<p>Mulokwa, a <a href=\"http:\/\/creatorawards.wework.com\">Creator Award<\/a> winner, is planning on using WeWork to expand his business to four other cities: New York, Miami, Atlanta, and Los Angeles. What do these cities have in common? They\u2019re all big markets for vintage footwear.<\/p>\n\n\n\n<p>\u201cWeWork is the key to our business strategy,\u201d says Mulokwa. \u201cIf we open up offices in those four cities, plus our Chicago location, our rent would still be a fraction of opening one brick-and-mortar storefront.\u201d<\/p>\n\n\n\n<p>What\u2019s more, it turns out that WeWork is a great place to store these precious items. You won\u2019t find the changes in temperature and humidity you\u2019d find in a warehouse.<\/p>\n\n\n\n<p>\u201cWeWork provides everything that\u2019s ideal for sneaker storage,\u201d says Mulokwa. \u201cWe couldn\u2019t find a better place to be based.\u201d<\/p>\n\n\n\n<p>And he has another dream: make the buying and selling of sneakers a high-tech experience.<\/p>\n\n\n\n<p>\u201cWe want to revolutionize how sneakers are traded,\u201d he says. \u201cI envision a system where someday you\u2019ll be able to trade sneaker interests, just like grain or pork belly.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That pair of Air Jordans you\u2019ve kept in pristine condition all these years? You wouldn\u2019t believe what they\u2019re worth. \u201cThese sneakers are commodities,\u201d says Robert Mulokwa, founder of Arkiv. \u201cThey are very valuable assets. The secondary market in U.S.\u2014just for sneakers\u2014is over a billion dollars a year. That\u2019s 300 million pairs of sneakers a year.\u201d [&hellip;]<\/p>\n","protected":false},"author":895,"featured_media":27671,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[43903,43911],"tags":[513,30177],"class_list":["post-27669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community-stories","category-member-spotlight","tag-innovation","tag-creator"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>At Arkiv, vintage sneakers are big business<\/title>\n<meta name=\"description\" content=\"That pair of Air Jordans you\u2019ve kept in pristine condition all these years? 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Robert Mulokwa, founder of the vintage sneaker company Arkiv, wants to buy them.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wework.com\/ideas\/community-stories\/member-spotlight\/arkiv-vintage-sneakers-big-business\" \/>\n<meta property=\"og:site_name\" content=\"Ideas\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-05T19:13:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-26T19:30:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wework.com\/ideas\/wp-content\/uploads\/sites\/4\/2017\/07\/Robert-Mulokwa-founder-of-Arkiv.jpg?fit=2049%2C1537\" \/>\n\t<meta property=\"og:image:width\" content=\"2049\" \/>\n\t<meta property=\"og:image:height\" content=\"1537\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Sullivan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Sullivan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/community-stories\\\/member-spotlight\\\/arkiv-vintage-sneakers-big-business#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/community-stories\\\/member-spotlight\\\/arkiv-vintage-sneakers-big-business\"},\"author\":{\"name\":\"Mark Sullivan\",\"@id\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/#\\\/schema\\\/person\\\/087e3d714305ccf91d1911ec85588a11\"},\"headline\":\"At Arkiv, vintage sneakers are big business\",\"datePublished\":\"2017-07-05T19:13:38+00:00\",\"dateModified\":\"2020-02-26T19:30:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/community-stories\\\/member-spotlight\\\/arkiv-vintage-sneakers-big-business\"},\"wordCount\":344,\"publisher\":{\"@id\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/community-stories\\\/member-spotlight\\\/arkiv-vintage-sneakers-big-business#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2017\\\/07\\\/Robert-Mulokwa-founder-of-Arkiv.jpg?fit=2049%2C1537\",\"keywords\":[\"Innovation\",\"Creator\"],\"articleSection\":[\"Community Stories\",\"Member Spotlight\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/community-stories\\\/member-spotlight\\\/arkiv-vintage-sneakers-big-business\",\"url\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/community-stories\\\/member-spotlight\\\/arkiv-vintage-sneakers-big-business\",\"name\":\"At Arkiv, vintage sneakers are big business\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/community-stories\\\/member-spotlight\\\/arkiv-vintage-sneakers-big-business#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/community-stories\\\/member-spotlight\\\/arkiv-vintage-sneakers-big-business#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wework.com\\\/ideas\\\/wp-content\\\/uploads\\\/sites\\\/4\\\/2017\\\/07\\\/Robert-Mulokwa-founder-of-Arkiv.jpg?fit=2049%2C1537\",\"datePublished\":\"2017-07-05T19:13:38+00:00\",\"dateModified\":\"2020-02-26T19:30:17+00:00\",\"description\":\"That pair of Air Jordans you\u2019ve kept in pristine condition all these years? 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