This piece relates to my previous ownership of 1% of Lululemon Athletica, as mentioned by Chip Wilson in his book, Little Black Stretchy Pants. The obligation of the 1% agreement was eventually abandoned by Chip. My invoice from March 20th, 2000 for 1% of the company is framed by a note from Chip thanking me for being his original partner. Chip's hand writing sits on passion red Lululemon identity color. This NFT addresses the meteoric rise of Lululemon in the world of technical apparel and the role that the stock market had in that climb in market share. The work also points to the notions of investing in start-up companies as well as the perception of value of publicly traded companies and their inherent fluctuations in valuation.
The offering price of this work is 1/1000th of 1% of the market cap for Lululemon Athletica Inc stock (LULU), according to Nasdaq on the date and time this NFT was minted, 5:02pm PST, March 16th, 2022: 1/1000th of 1% x $39,447,573,467
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