Summary
In Shoe Dog, Nike co-founder Phil Knight offers a candid and riveting account of the company's journey from a $50 startup to a global powerhouse. Knight brings to life the risks, setbacks, and triumphs that shaped Nike's remarkable ascent. Released in 2016, this memoir quickly became a bestseller and won praise from not only critics but also business leaders for its honesty and insight into the challenging world of entrepreneurship. Bill Gates named Shoe Dog one of his top five books of 2016, while Warren Buffett lauded Knight as “a very wise, intelligent and competitive fellow who is also a gifted storyteller.”
Netflix acquired the film rights to Shoe Dog in 2018. The adaptation is set to be produced by Knight himself alongside five-time Oscar nominee Frank Marshall, with a screenplay by the writers of Ed Wood. The release date remains unannounced.
Overview
Shoe Dog begins in 1962 when, fresh out of business school, Phil Knight borrows $50 from his father to start a company importing high-quality, low-cost athletic shoes from Japan. Knight sells these shoes from the trunk of his Plymouth Valiant, grossing $8,000 in his first year. From the company’s humble beginnings as Blue Ribbon Sports, the book chronicles the early days of what would eventually become Nike.
The memoir follows Knight's journey as he navigates the challenges of building a start-up. He recounts the numerous risks and setbacks he faced, as well as his early triumphs. Knight describes how he assembled a team of “misfits and seekers” who would become his first partners and employees, forming a tight-knit group united by their shared mission and belief in the spirit of sport.
Throughout Shoe Dog, Knight provides an insider's perspective on the evolution of his company from a small importing business to a global brand. He shares the story behind the creation of the iconic Nike “swoosh” and how this logo grew to become one of the most recognizable symbols worldwide. The book also touches on Knight's personal life, including his experiences backpacking around the world at age 24, which led to his decision to pursue an unconventional path in business.
Knight's candid account captures the messy, perilous, and chaotic journey of building a successful business, highlighting the sacrifices and endless struggles involved. The memoir concludes with Nike becoming the global powerhouse it is today, with annual sales exceeding $30 billion, changing the landscape of the athletic shoe and apparel industry.