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Sunday, July 12, 2020
Sun, Jul 12th, 2020
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Eddy Lu
Co-Founder and Chief Executive
1661 Inc.
THE LATEST: In the past year, Lu's 1661 company expanded beyond its core sneaker business to offer apparel and accessories from more than 50 emerging, established and luxury brands, including Acne Studios, Maison Margiela, Stussy, Gucci and Saint Laurent.
BACKGROUND: 1661 was co-founded in 2015 by Lu and Daishin Sugano. It's better known as GOAT, an online marketplace for buying and selling authenticated sneakers. GOAT has more than 20 million members in 164 countries and has raised $200 million in venture capital, including a $100 million investment from athletic shoe retailer Foot Locker Inc. The company in 2018 acquired Fight Club, a retailer with stores in New York, Miami and Los Angeles that specializes in rare and collectible sneakers. Lu has a degree in computer science from UC Berkeley. Prior to GOAT, he worked for investment bank Lehman Brothers.
YEARS ON THE LA500: 2
Return to the 2020 edition of the LA500.
