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“You can’t fake real.” - Stephen Sullivan on the importance of authenticity Our webcast guest launched an outdoor apparel brand in 2011 with eight employees. Twelve years later, he has grown his team to 180 employees, annual revenue will exceed $100M in 2023, and his brand competes with industry giants like Patagonia and The North Face. Stephen Sullivan, Founder and CEO of Stio®, joined Willy to discuss the competitive landscape of the outdoor industry, creating an inherently authentic brand, what drives the design and function of his business, pulling inspiration from the Jackson Hole, Wyoming lifestyle, and so much more. Watch the replay If you have any comments or questions, please reach out to your main Walker & Dunlop point of contact. We are all available to answer questions and provide assistance. Additionally, if you have topics you would like covered during one of our future webcasts, we would be happy to take your suggestions. Key Points In The Webcast: 03:04 Willy welcomes Stephen Sullivan 04:02 Stephen’s green tracksuit and a love for the outdoors 07:21 First exposure to retail and surfing 12:08 The ups and downs of Cloudveil 18:15 Launching Stio® 23:05 Online vs. physical catalogs 24:41 What sets Stio® apart from Patagonia? 27:33 Cons of living in the mountains 30:33 Scaling under credit 33:20 Why no hunting gear? 34:40 Stio's color and fabric choices 39:12 Surviving supply chain issues 41:45 The benefit of direct-to-consumer 43:58 Building an authentic brand 47:54 Focusing on the client and athlete sponsorships 52:34 The Stio® logo 54:55 Sustainability in fashion 57:01 Any future collaborations? 58:46 Expanding the brand 01:00:58 How about school sports? GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: / @walkerdunlop » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ Related webcasts: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share the wisdom that cuts across industry lines. Check out our previous videos: » Full playlist: • Walker Webcast Podcast: » Driven By Insight: https://podcasts.apple.com/us/podcast.... Follow us: » LinkedIn: / walker-&-dunlop » Facebook: / walkerdunlop » Twitter: / walkerdunlop » Instagram: / walkerdunlop Subscribe: » Newsletters: https://explore.walkerdunlop.com/subs... POSTING POLICY: Please bear in mind that this is a public and professional platform. We’ll do our best to ensure that our postings on this page comply with our standards, which prohibit content that: • is abusive, defamatory, threatening, or obscene • is fraudulent, deceptive, or misleading • violates the copyright, trademark, patent, trade secret, right of privacy, right of publicity, or other intellectual property right of another • contains or links to any virus, worm, Trojan horse, or other forms of malware or harmful code • contains the personal information of others, such as names, addresses, and telephone numbers • violates any law or regulation • is otherwise offensive. We expect users not to post content that violates our standards. We cannot monitor postings or discussions in advance, but we reserve the right to remove any posting that does not meet our standards.