Payal Kadakia

17 statements across 3 episodes · 1 bullish · 5 bearish · 1 people on the record · first statement Jun 29, 2020 by Payal Kadakia · said 5 times in 3 episodes since 2021 · across every show →

On the record as a speaker too: Payal Kadakia's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Guy Raz (5)

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2022 1 mention in 1 episode
2021 4 mentions in 2 episodes 2 per episode

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Everything said about Payal Kadakia, oldest first

Jun 29, 2020
Disclosure
Kadakia: ZocDoc Founder Cyrus Massoumi Helped ClassPass Raise a Bridge Round
“And so I thankfully, you know, raised a bridge round from, actually Cyrus from ZocDoc helped me Raise that round, which got me into, got me through to January, which is when I officially closed my seed round that was going to let us launch in other places.”
Payal Kadakia Jun 29, 2020 ▶ 45:24 ClassPass: Payal Kadakia
Jun 29, 2020 negative
Assertion Not checkable as stated
Kadakia: Classtivity Received Zero Bookings For First Ten Days Post-Launch
“There was crickets, meaning no one went to any classes. We had probably 10 days go by before we got even one reservation.”
Payal Kadakia Jun 29, 2020 ▶ 30:20 ClassPass: Payal Kadakia
Jun 29, 2020 negative
Assertion Not checkable as stated
Kadakia: Early Users Refused Free Fitness Classes via Email Promotion
“I remember, you know, we launched this promotion where we literally Send an email saying like, go to class for free and still no one went.”
Payal Kadakia Jun 29, 2020 ▶ 32:20 ClassPass: Payal Kadakia
Jun 29, 2020 neutral
Assertion Supported
Kadakia: Dabble Rebranded to Classtivity Due to Chicago Trademark Conflict
“We actually had to change our name because there was a company in Chicago that started selling classes under, under the name of Dabble. So we had to actually overnight change our name and we couldn't think of anything, so we, like, literally were just scouring…”
Payal Kadakia Jun 29, 2020 ▶ 28:16 ClassPass: Payal Kadakia
Jun 29, 2020 neutral
Assertion Partly supported
Kadakia: ClassPass Raised a $40 Million Series B Six Months Post-Series A
“Six months after my series A, I raised a forty million dollar series B, right?”
Payal Kadakia Jun 29, 2020 ▶ 54:27 ClassPass: Payal Kadakia
Jun 29, 2020 negative
Assertion Not checkable as stated
Kadakia: Lower Pricing Tiers Cannibalized Profitable Users and Worsened Unlimited Margins
“When we started doing was introducing lower, lower packages. And then what happened was, you know, our really profitable users were obviously choosing the lower packs, which made the unlimited package even get worse in terms of our margin. Right. And the peopl…”
Payal Kadakia Jun 29, 2020 ▶ 57:28 ClassPass: Payal Kadakia
Jun 29, 2020 neutral
Insight
Kadakia: Fitness Booking Struggles Because Working Out Is Aspirational, Not Utility
“And so something with like airline tickets, like you already made the decision to go, or if you're going to go eat, you're going to eat. Eating is, is a utility. Like you're going to eat. Right. And that was the difference where working out and going to these …”
Payal Kadakia Jun 29, 2020 ▶ 34:27 ClassPass: Payal Kadakia
Jun 29, 2020
Assertion Supported
Kadakia: Startup Raised $500,000 Before Entering Techstars Incubator
“I raised about a half a million dollars. This was before we got into Techstars, which was this big incubator.”
Payal Kadakia Jun 29, 2020 ▶ 27:18 ClassPass: Payal Kadakia
Jun 29, 2020 neutral
Assertion Not checkable as stated
Kadakia: ClassPass Negotiated Studio Payouts at 50% of Pack Rates
“The way we were doing a lot of the discounting was it was a 50% off of their 10 class pack rate.”
Payal Kadakia Jun 29, 2020 ▶ 56:34 ClassPass: Payal Kadakia
Jun 29, 2020 neutral
Disclosure
Kadakia: Classtivity downsized its team 18 months in to conserve cash
“Yeah, a year and a half in, we decided to work, go in a different direction. I mean, we downsized the team. I had to save cash, and I wasn't done, you know. I wasn't done trying to solve the mission.”
Payal Kadakia Jun 29, 2020 ▶ 35:14 ClassPass: Payal Kadakia
Jun 29, 2020 negative
Assertion Not checkable as stated
Kadakia: Classtivity Burned $500,000 Over 18 Months With Zero Traction
“I mean, you know, we had once again, like close to, it's been, by the way, about close to a year and a half, right? We had probably spent close to a half a million dollars at this point, and it's crickets, and I didn't know what to do.”
Payal Kadakia Jun 29, 2020 ▶ 31:17 ClassPass: Payal Kadakia
Jun 29, 2020
Insight
Kadakia: Founders Must Be Mission-Obsessed Rather Than Product-Obsessed
“I've learned this, you know, to be mission obsessed as a founder and not product obsessed. It's not my product that makes us, it's us actually creating a solution right to the problem.”
Payal Kadakia Jun 29, 2020 ▶ 1:00:39 ClassPass: Payal Kadakia
Jul 22, 2021 positive
Insight
Kadakia: Class reservations are the single heartbeat metric for ClassPass
“Over time, and I still always make this the most important number that my team sees, it's the reservation number, because that is the heartbeat of the company. That means our product is working. That means our partners are happy. That means our customers are e…”
Payal Kadakia Jul 22, 2021 ▶ 11:45 Live From HIBT Summit: Payal Kadakia, Tristan Walker, and Perry Chen on Innovation
Jul 22, 2021
Insight
Kadakia: Funding, press, and followers are false signals of product usage
“You can have funding, or press, or followers, and that still does not mean anyone is going to use your product”
Payal Kadakia Jul 22, 2021 ▶ 7:20 Live From HIBT Summit: Payal Kadakia, Tristan Walker, and Perry Chen on Innovation
Jul 22, 2021
Insight
Kadakia: ClassPass unlocked market growth by targeting non-enthusiasts
“And there were a lot of fitness products in the market, That were actually speaking to the one percent of people who already did fitness, and I realized I wanted to go and talk to the 99% of people who were like me, and who were scared to walk into a spin clas…”
Payal Kadakia Jul 22, 2021 ▶ 28:25 Live From HIBT Summit: Payal Kadakia, Tristan Walker, and Perry Chen on Innovation
Jul 22, 2021
Assertion Not checkable as stated
Kadakia: ClassPass spent $500k and one year building initial product
“I mean, the first product we built, we spent half a million dollars building it, a year in the making.”
Payal Kadakia Jul 22, 2021 ▶ 6:59 Live From HIBT Summit: Payal Kadakia, Tristan Walker, and Perry Chen on Innovation
May 12, 2022 negative
Insight
Payal Kadakia rejects work-life balance, favoring structured systems instead
“And look, I never believed in the word balance, and I don't think you can have it, but I knew I needed a system that the same way I was able to accomplish every dream I had professionally, I didn't understand why I didn't have that system. Personally.”
Payal Kadakia May 12, 2022 ▶ 23:03 HIBT Lab! ClassPass: Payal Kadakia
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