Key Moments

Bobby Hundreds — Building an Iconic Streetwear Brand and Much More | The Tim Ferriss Show

Tim FerrissTim Ferriss
Howto & Style7 min read208 min video
May 17, 2023|8,760 views|113|15
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TL;DR

Bobby Hundreds on building The Hundreds streetwear brand, the power of community, and the future of NFTs.

Key Insights

1

Bobby Hundreds cultivated "The Hundreds" brand by prioritizing community and storytelling over traditional product sales, attracting a loyal following.

2

His upbringing as an Asian American outlier in a traditional household fueled his artistic endeavors and the desire to build his own community.

3

A life-changing conversation with an ailing mentor, Abe, encouraged Bobby to pursue his creative passions instead of a conventional law career.

4

The brand strategically leveraged collaborations, starting with Disney, not just for revenue but for cultural noise and brand reinforcement, proving that even "anti-establishment" brands can work with corporate giants.

5

Bobby anticipates a future where NFTs, or digital ownership, will revolutionize various industries beyond speculative art, particularly in collectibles and creator compensation.

6

The inherent "Han" (emotional repression leading to brilliant art/passion) in Korean culture and intentional government support are key drivers of K-pop's global rise.

EARLY LIFE AND THE QUEST FOR BELONGING

Born in Baltimore and raised in Riverside, Southern California, Bobby Hundreds, co-founder of global streetwear brand The Hundreds, felt like an outsider from a young age. As a middle child in a Korean-American immigrant family, he didn't quite fit into the traditional expectations of his parents or the mainstream culture of his hometown. This sense of marginalization led him to gravitate towards fringe interests like skateboarding, punk rock, and art, where he found a welcoming community and a sense of identity. This early quest for belonging became a foundational element in his later brand-building philosophy.

THE CALLING OF ARTIST VERSUS CONVENTIONAL PATH

Despite his innate artistic talent, Bobby faced familial and societal pressure to pursue a more stable career, echoing the traditional values of his immigrant parents who endured significant hardship. He initially enrolled in law school, viewing it as a practical path that would allow him to pursue art on the side. This period, following 9/11 and the decline of print media, saw him freelancing for magazines covering Japanese streetwear while covertly sketching and developing brand ideas during law classes. The conflict between his artistic calling and expected professional trajectory mirrored a common struggle for many hyphenated creatives.

A LIFE-CHANGING MENTORSHIP

During a law school externship, Bobby encountered Abe Edelman, a brilliant but eccentric research attorney. Abe, who was terminally ill, recognized Bobby's lack of passion for law and encouraged him to pursue his dream project, The Hundreds. Abe's poignant advice—to avoid spending a lifetime doing something he didn't love—served as a powerful catalyst. This conversation gave Bobby permission to pivot from a conventional career path, allowing him to embrace his true calling and initiate the journey that would define his future, a decision he reflected on profoundly years later.

THE BIRTH OF THE HUNDREDS AND COMMUNITY-FIRST BRANDING

Fueled by Abe's encouragement, Bobby committed to building The Hundreds. The brand was conceived with a core philosophy: "people over product." This meant prioritizing community, highlighting the stories of friends, artists, and cultural figures within their circles. Drawing inspiration from punk rock's inclusive ethos, The Hundreds aimed to create a direct relationship with its audience, fostering a sense of shared identity and belonging. Early on, Bobby recognized the power of blogging as a self-publishing tool, enabling him to connect with a global audience and document the brand's journey transparently.

LEVERAGING SUBVERSION AND COLLABORATION

The Hundreds achieved rapid success, partly due to its unique approach to streetwear in a then-stagnant L.A. scene. Bobby strategically cultivated scarcity, intentionally turning away buyers at trade shows to amplify demand and build an aura around the brand. A pivotal moment was a collaboration with Disney, born from the brand's playful infringement of Disney's IP. This unlikely partnership, where The Hundreds subverted established branding norms by merging logos and choosing obscure characters like Peter Pan's Lost Boys, demonstrated a collaborative model that generated significant cultural noise and helped the brand gain mainstream recognition without selling out its ethos.

FASHION'S FICKLE NATURE AND THE LONG GAME

Bobby candidly describes fashion as a volatile industry where momentum can shift dramatically and without warning. The Hundreds experienced periods of immense growth, with celebrity endorsements and booming sales, but also faced downturns as trends changed. This taught Bobby the crucial lesson of resilience: surviving is winning. He emphasizes the importance of playing the long game, focusing on sustained cultural impact rather than fleeting financial success. The brand's ability to adapt, cut costs strategically during market shifts, and continually evolve its offerings has allowed it to remain relevant and profitable for two decades, a rarity in streetwear.

THE KOREAN WAVE AND CULTURAL INFLUENCE

Bobby offers a fascinating perspective on the global rise of Korean pop culture, attributing it to a strategic, government-coordinated "Korean wave." This initiative involved direct funding and collaboration between the government and entertainment industries to export culture and brand Korea as innovative and cool. He highlights the concept of "Han," an emotional repression inherent in Korean culture, which manifests as brilliant, passionate, and sometimes violent art. This unique cultural DNA, combined with rapid technological advancement like broadband penetration, has propelled Korean music, film, beauty, and food to global prominence, challenging existing cultural hegemonies.

NAVIGATING THE NFT WILD WEST

Bobby's journey into NFTs began with skepticism but evolved into a deep dive into digital ownership and its potential. The Hundreds famously sold 25,000 NFTs in 40 minutes, generating $7 million, but Bobby notes that much of this was reinvested. He views NFTs as a philosophical shift, offering solutions to issues like waste in fashion and fair artist compensation through secondary sales. However, he warns against the pitfalls of short-term speculation and the "day trader" mentality that reduced art to tradable assets, leading to a "wild west" environment with significant mental anguish for many creators.

CHALLENGES AND FUTURE OF CREATOR ROYALTIES

A major challenge in the NFT space has been the erosion of creator royalties, particularly as marketplaces like OpenSea faced competitive pressures. What began as a "pinky promise" to artists quickly dissolved in a bear market, forcing Bobby to reconsider the long-term viability of the royalty model as initially understood. He now believes that projects may need to develop their own marketplaces to enforce royalties or creators must adapt to a model of continuous, prolific creation, similar to how enduring brands like Air Jordan thrive by consistently introducing new collections, thereby increasing the value of earlier works rather than diluting them.

WEB3 PHILOSOPHY AND REAL-WORLD IMPACT

Despite the volatility and challenges, Bobby remains a strong believer in the underlying principles of web3: digital ownership, sovereignty, and smart contracts. He sees its potential to disrupt traditional business models, creating more equitable relationships between creators and consumers. He points to examples like Nike's .Swoosh, which allows community members to become co-creators and share in the upside. Ultimately, Bobby believes that web3 will transcend its current form, evolving into a philosophy that changes how we build brands and compensate artists, much like the repackaged ideals of the hippie movement that influenced environmentalism and social empowerment.

THE IMPORTANCE OF "NUNTI" (EMOTIONAL INTELLIGENCE)

Bobby highlights the Korean concept of "Nunti," referring to the ability to subtly read a room and gauge emotional states. He attributes this skill to Korea's complex history and believes it's a valuable trait for navigating unpredictable environments. This capacity for observation and measured response has informed his approach to business and personal interactions, emphasizing patience and understanding before making definitive judgments. In a fast-paced world driven by immediate gratification and quick judgments, Bobby advocates for taking the time to observe and allow for growth, both in technology and in people.

PLAYING THE LONG GAME AND RESISTING IMPULSIVITY

A recurring theme in Bobby's philosophy is the importance of playing the long game. He advises against chasing short-term wins in an era of instant gratification, stressing that enduring success comes from consistent effort and a long-term vision. He views perceived "moments" of overnight success as ephemeral and emphasizes the need for brands and individuals to pace themselves, think decades ahead, and maintain a steady course. This approach, characterized by deliberate action rather than impulsive decisions, builds a more reliable, durable, and ultimately more successful path amidst constant change.

Common Questions

Bobby Hundreds was surprised by FSG's strong offer and their receptiveness to his writing style, which aligns with their intellectual and writerly approach. He's proud to write his entire books himself, a rarity for many successful business memoirs. The quality of his writing resonated with the esteemed publisher.

Topics

Mentioned in this video

Companies
FSG

An esteemed publishing house, known for publishing intellectual and literary works, and Bobby Hundreds' publisher.

Von Dutch

A fashion brand prevalent in LA during the 2000s, described by Bobby Hundreds as 'corny' in contrast to emerging streetwear.

Wealthfront

An app that helps users save and invest money, offering a high-yield cash account with FDIC insurance.

LG

A successful Korean company that overcame the stigma of Korean products in the 80s and 90s.

Warner Bros.

One of the studios that collaborated on Roger Rabbit.

American Apparel

A brand focused on fitted t-shirts, representing a different aesthetic than The Hundreds' early streetwear.

A Bathing Ape

An early Japanese streetwear brand whose designer, Nigo, drew inspiration from American youth culture.

HUF

A streetwear brand, mentioned as a peer and collaborator with The Hundreds during early block parties.

Netflix

Streaming service that has greenlit many Korean dramas, contributing to the Korean Wave.

BB.Q Chicken

A Korean food company entering the US market, seen on Lakers uniforms.

Supreme

A streetwear brand, mentioned as a peer to The Hundreds, and later as an example of an 'unlimited' brand with limited drops.

Adidas

A brand The Hundreds collaborated with on a new colorway of a shoe.

Dark Horse Comics

Comic book publisher associated with Stan Sakai and Usagi Yojimbo.

LMNT

A delicious sugar-free electrolyte drink mix, used by Tim Ferriss and recommended for various diets and exercise.

Neighborhood

An early Japanese streetwear brand.

YouTube

Platform that Psy capitalized on to make 'Gangnam Style' a global hit.

Panasonic

Japanese electronics company, preferred over Samsung in the 80s and 90s.

Disney

One of The Hundreds' first major collaborators, approached due to copyright infringement.

Features Syndicate

One of the studios that collaborated on Roger Rabbit.

Fanatics

Company that owns Tops and sports cards, emphasizing primary market sales over utility to avoid security classification.

Artists Equity

Production company founded by Ben Affleck and Matt Damon, based on the philosophy of creators being paid fairly alongside them.

8 Sleep

A company that produces the Pod Cover, a device for adjusting mattress temperature to optimize sleep.

The Hundreds

Global streetwear brand co-founded by Bobby Hundreds, known for its community focus and collaborations.

Ed Hardy

A fashion brand prevalent in LA during the 2000s, described by Bobby Hundreds as 'corny' in contrast to emerging streetwear.

Juicy Couture

A fashion brand prevalent in LA during the 2000s, described by Bobby Hundreds as 'corny' in contrast to emerging streetwear.

Transworld Media

A media company that published skate, surf, snow, and Warp magazines.

WTAPS

An early Japanese streetwear brand.

Edwin

A Japanese denim brand that Brad Pitt advertised in Japan.

Samsung

A successful Korean company that overcame the stigma of Korean products in the 80s and 90s, now known for quality electronics.

Diamond Supply Co.

A streetwear brand, mentioned as a peer and collaborator with The Hundreds during early block parties.

People
Karrueche Tran

Model and actress, featured on The Hundreds' magazine cover early in her career.

Stan Sakai

Japanese-American comic book artist, creator of Usagi Yojimbo, whom The Hundreds collaborated with directly.

Joan Didion

Writer whose quote about the demise of the hippie movement after the Manson murders is used at the beginning of Bobby Hundreds' book on NFTs.

Ben Affleck

Co-founder of Artists Equity, the production company behind the 'Air' movie, which is established on the philosophy of fair creator compensation.

Bobby Hundreds

Artist, designer, storyteller, and co-founder/chief creative officer of the global streetwear brand The Hundreds.

Neil Strauss

Mutual friend of Tim Ferriss and Bobby Hundreds, who introduced them and commented on recent K-pop trends in Japan.

Ben Horowitz

Author of 'The Hard Thing About Hard Things,' recommended for entrepreneurial advice.

Matt Damon

Co-founder of Artists Equity, the production company behind the 'Air' movie, which is organized around fair creator compensation.

Gerhard Richter

The most expensive living artist, whose prolific career exemplifies how continuous art creation increases the value of an artist's entire repertoire.

Bill Watterson

Creator of Calvin and Hobbes, known for his anti-merchandising stance.

Odd Future

A hip-hop collective whose members, including Tyler, the Creator, were early associates of The Hundreds.

Paris Hilton

Celebrity associated with the 'corny' LA fashion scene of the 2000s, in contrast to the streetwear movement.

Rick Rubin

Music producer mentioned as an example of unexpected early success, signing LL Cool J out of his dorm room.

Tommy Hilfiger

A designer who expressed interest in acquiring The Hundreds, but the deal didn't materialize due to a shift in fashion trends.

Machine Gun Kelly

Musician whom Bobby Hundreds discovered at South by Southwest and helped introduce to the LA scene.

Ruby Rose

Actress who experienced sudden hyperspeed fame after being cast in Orange is the New Black, illustrating the rapid acceleration of celebrity in LA.

Steven Spielberg

Director involved in the production of Roger Rabbit.

Phil Knight

Co-founder of Nike and author of 'Shoe Dog,' whose book is loved by 'kids in streetwear'.

Hector Tobar

An author of a fictionalized non-fiction book on Chilean miners, 'Deep Down Dark,' and one of Bobby Hundreds' favorite authors.

LL Cool J

Rapper, one of Rick Rubin's first acts, mentioned in the context of early music business success.

Brad Pitt

Actor who appeared in Edwin jeans advertisements in Japan during the 90s.

Kanye West

Rapper and designer who became deeply involved in streetwear and cartoony art, coinciding with The Hundreds' early success.

Azealia Banks

Musician, one of the female personalities featured on The Hundreds' magazine cover early in their careers.

Charles Manson

Figure used by Neil Strauss to draw parallels with SBF's impact on crypto, theoretically 'killing' the hippie movement.

Robb Wolf

Former research biochemist and author of 'The Paleo Solution' and 'Wired to Eat,' who created LMNT.

John McPhee

An author whose books are published by FSG, mentioned as a favorite author by Tim Ferriss.

Abe Edelman

A research attorney at LA Superior Court who mentored Bobby Hundreds, encouraging him to pursue his artistic dreams despite his legal studies.

Tyler, the Creator

Rapper and artist who emerged from the community surrounding The Hundreds.

Rita Ora

Musician, one of the female personalities featured on The Hundreds' magazine cover early in their careers.

Olivia Munn

Actress, one of the female personalities featured on The Hundreds' magazine cover early in their careers.

Seth Rogen

Actor who Bobby Hundreds educated on NFTs, despite Rogen's initial disinterest in leveraging them for his audience.

Andrew Lloyd Webber

Composer of The Phantom of the Opera, who was initially surprised by The Hundreds' collaboration request.

Peter Pan

Disney animated film from which The Hundreds chose 'The Lost Boys' for a collaboration due to their narrative alignment.

Jim Davis

Creator of Garfield, who developed the comic from focusing on John Arbuckle to the popular cat.

Simon Sinek

Author known for easy-to-understand entrepreneurial advice, including 'Start with Why' and 'Leaders Eat Last'.

Mario Puzo

Author of 'The Godfather,' praised for his dedication to writing while raising a family.

Michael Jordan

Basketball player whose mother insisted on him receiving a cut of every shoe sale, revolutionizing sports endorsements.

Ryan Bethencourt

Co-founder of Deadfellaz, an NFT project, who advocated for artist royalties in the Web3 space.

Software & Apps
Blogger

Blogging platform that launched in 1999, which Bobby Hundreds used as an early form of self-publishing for The Hundreds.

Warp

A magazine that was a hybrid of skate, surf, snow, music, and fashion, offering a platform for Bobby Hundreds' diverse interests.

Viv

The NFT blockchain of choice for many major studios, including Disney, making billions in NFT trading.

Starbucks Rewards

A membership rewards program being built with web3 principles.

StockX

An app for trading sneakers, mentioned as an example of a secondary market that could be transformed by NFTs.

Deadfellaz

An NFT project co-founded by Ryan Bethencourt.

Punch: The Legend of Punch

An NFT project launched by Tim Ferriss to raise money for the Saisei Foundation, which sold out quickly.

Adam Bomb Squad

An NFT project co-founded by Bobby Hundreds.

Photoshop

Graphic design software Bobby Hundreds used during law school to secretly work on The Hundreds brand.

Illustrator

Graphic design software Bobby Hundreds used during law school to secretly work on The Hundreds brand.

Blogspot

Blogging platform that launched in 1999, which Bobby Hundreds used for The Hundreds to reach a wider audience.

MTV.com

A popular website that featured Jay-Z wearing The Hundreds' product.

Grailed

An app for trading sneakers, mentioned as an example of a secondary market that could be transformed by NFTs.

Board Ape Yacht Club

An NFT project that tied utility to NFTs, changing the narrative from pure collectibles to value-added assets.

Nike .SWOOSH

Nike's web3 initiative, allowing digital ownership of sneakers and enabling community creators to design shoes, sharing in profits.

OpenSea

A major NFT marketplace that changed its policy on artist royalties, sparking debate within the Web3 community.

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