A new business based in Portland USA is attempting to build a new sneaker brand, based on the creativity and crowd participation.
The brand, called Ryz, lets users submit graphic designs for a high-top sneaker model. Members vote for their favourite designs, and the sneakers that get the most votes are taken into production. Designers receive a one-time payment of USD 1,000 plus one dollar for each pair sold. Shoes are priced at USD 90, and are produced in limited runs.
The company's founder, Rob Langstaff, has plenty of industry experience—before starting Ryz, he ran Adidas' operations in North America and Japan. As quoted in the San Francisco Chronicle, Langstaff believes Ryz will generate revenues of USD 40 million by 2012.