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	<title>VentureBeat &#187; minimalist footwear</title>
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		<title>Former CEO of Vibram USA starts his own minimalist footwear brand</title>
		<link>http://venturebeat.com/2012/12/12/former-ceo-of-vibram-usa-starts-his-own-minimalist-footwear-brand/</link>
		<comments>http://venturebeat.com/2012/12/12/former-ceo-of-vibram-usa-starts-his-own-minimalist-footwear-brand/#comments</comments>
		<pubDate>Wed, 12 Dec 2012 20:49:42 +0000</pubDate>
		<dc:creator>Rebecca Grant</dc:creator>
				<category><![CDATA[Deals]]></category>
		<category><![CDATA[Health]]></category>
		<category><![CDATA[OffBeat]]></category>
		<category><![CDATA[exercise]]></category>
		<category><![CDATA[minimalist footwear]]></category>
		<category><![CDATA[quantified self]]></category>
		<category><![CDATA[run]]></category>

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		<description><![CDATA[<p>The former CEO and President of Vibram FiveFingers starts his own minimalist footwear brand, backed by $5 million in venture&#160;capital.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=588944&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.com/2012/12/12/former-ceo-of-vibram-usa-starts-his-own-minimalist-footwear-brand/hairy-feet/" rel="attachment wp-att-588956"><img class="alignnone size-full wp-image-588956" alt="hairy feet" src="http://venturebeat.files.wordpress.com/2012/12/hairy-feet.jpg?w=1024&#038;h=682" width="1024" height="682" /></a>I really don&#8217;t like things between my toes. Toe socks as a preteen? Forget about it. Those squishy sponges after a pedicure? No, thank you. But over the past few years, &#8220;five finger&#8221; footwear has risen to fame and fortune as the latest in fitness training and physical well-being.</p>
<p>Tony Post, the former president and CEO of <a href="http://www.vibramfivefingers.com" target="_blank">Vibram</a>, has left to start his own company. This new endeavor is called Topo Athletic, and it&#8217;s backed by $5 million from <a href="http://www.nvp.com" target="_blank">Norwest Venture Partners</a>.  <a href="http://venturebeat.com/2012/12/12/former-ceo-of-vibram-usa-starts-his-own-minimalist-footwear-brand/tony-post-head-shot/" rel="attachment wp-att-588950"><img class="alignright size-medium wp-image-588950" alt="Tony Post head shot" src="http://venturebeat.files.wordpress.com/2012/12/tony-post-head-shot.jpg?w=300&#038;h=324" width="300" height="324" /></a></p>
<p>Vibram was a pioneer in the minimalist footwear movement. During his reign as Vibram&#8217;s leader, Post took the company from two guys with a crazy idea to a $170 million empire that changed the way people thought about athletic shoes.</p>
<p>&#8220;I&#8217;ve been in the footwear industry for 25 years,&#8221; he said in an interview with VentureBeat. &#8220;In 2006 I launched FiveFingers without any fanfare at all, and it grew rapidly. We created a different way for people to think about footwear based on the belief that the body&#8217;s own natural mechanics could be leveraged. The new concept is based on that idea &#8212; it is focused on lightweight footwear and targets runners and functional fitness trainers, like Cross-Fit.&#8221;</p>
<p>Many folks in the technology industry sport these lightweight, barely there shoes, including founder of Google, Sergey Brin. With the rise of the &#8220;quantified self&#8221; movement and the popularity of devices like the <a href="http://venturebeat.com/2012/11/24/jawbone-up-fitbit-one-review/">Fitbit and Jawbone Up</a>, the market is growing right now for technology (in any form) that enhances user health.</p>
<p>The minimalist footwear movement is all about amplication as opposed to modification. These lightweight shoes don&#8217;t fix or change the way people train; they work in concert with the body to create synergy between &#8220;shoe, foot, and movement.&#8221; It is a fast-growing segment within the athletic footwear market, which is partly what drew Norwest Venture Partners to make this rather uncharacteristic investment.</p>
<p>General partner at NVP Jon Kossow met Post a few years ago and became interested in his vision. When he decided to form his own brand, Kossow was excited by the investment opportunity.</p>
<p>&#8220;Post is a visionary,&#8221; said Kossow during a phone chat. &#8220;He has an incredible reputation within the footwear industry and has a bit of &#8216;midas touch&#8217;. He has the unique and proven ability to not only identify unique consumer insights, but then design and manufacture a product to address those insights, execute, and build a business accordingly.&#8221;</p>
<p>Topo Athletic will debut its first products at the Outdoor Retailer winter market in January. Until then, Post and co are keeping the details of this &#8220;cutting-edge performance technology&#8221; under wraps. This first round of investment from NVP will help bring the product to market.</p>
<br />Filed under: <a href='http://venturebeat.com/category/deals/'>Deals</a>, <a href='http://venturebeat.com/category/health/'>Health</a>, <a href='http://venturebeat.com/category/offbeat/'>OffBeat</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=588944&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></content:encoded>
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