Madden: Steve Madden grew from $500K to $40M–$50M post-IPO
Steve Madden · Steve Madden: Steve Madden · Jul 16, 2018 · at 23:41
Steve Madden discusses how the $7 million raised in his company's 1993 IPO accelerated corporate sales growth.
0:00 / 0:08exact quote · 8.9s
720p mp4 · rendered on demand · StarZero watermark
“I took it and in very short period of time from a half a million bucks, I was doing forty million a year or fifty million a year.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Steve Madden
Madden: Stratton Oakmont ran pump-and-dumps; Steve Madden was only real company
“Well, they were totally manipulated. The stocks, they went up, and it, you know, it was a pump, it was a classic pump and dump. And only Steve Madden was a real company.”
Madden: Steve Madden IPO was manipulated in Stratton Oakmont pump-and-dump
“Well, they were totally manipulated. The stocks, they went up, and it, you know, it was a pump, it was a classic pump and dump. And only Steve Madden was a real company.”
Madden details illegal stock flipping arrangements with Stratton Oakmont
“And I told myself that it was a gray area, you know, the trading in these stocks and the flipping, they would sell me the stocks and I would sell them back to them.”
Madden admits he knew his Stratton Oakmont trades were illegal
“But I knew in my heart that it was illegal and it was wrong.”