News and Trends

Nike Is Entering Into a Subscription Model Business

Plus, a Bay Area startup raises $28 million, and a startup helping podcasters raises $23 million.
VIP Contributor
2 min read
Opinions expressed by Entrepreneur contributors are their own.

Nike is entering the subscription model with a kids sneaker club. The subscription service is called the Nike Adventure Club. It will allow parents to order shoes for their kids ages 2 to 10 either on a quarterly, bimonthly or monthly basis. The fees are either $20, $30 or $50 depending on the frequency of the service. 

A Bay Area Startup, Light Field Lab, raises $28 million! Light Field Bosch Venture Capital and Taiwania Capital led the round of funding for the company's technology to build large holographic displays out of small building blocks.

A startup that wants to help podcasters build media business called Glow raises $2.3 million! Glow helps podcasters start monetizing their podcasts with a simple and seamless payment system. Listeners can sign up for recurring subscriptions or send one-time payments through the Glow Page.

Related: How This Charitable Business Keeps Its Profits Within the Community

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on RokuApple TV and the Entrepreneur App available on iOS and Android devices.

More from Entrepreneur

Kathleen, Founder and CEO of Grayce & Co, a media and marketing consultancy, can help you develop a brand strategy, build marketing campaigns and learn how to balance work and life.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur