Opinion certainty 4/5 debate potential 3/5

Foley: Fitness Equipment Industry Was Incredibly Dopey With No Tech or Design

John Foley · Live Episode! Peloton: John Foley · Apr 29, 2019 · at 21:17

Peloton co-founder John Foley explains why off-the-shelf exercise equipment was unsuitable for Peloton's connected platform.

0:00 / 0:09exact quote · 9.7s
720p mp4 · rendered on demand · StarZero watermark
“The fitness equipment category is incredibly dopey. No tech, no design, and just, it didn't feel like there was a bike that met the bar of the, of quality that we wanted.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from John Foley

Opinion
Foley: Hardware is not inherently harder to build than software
“I would say hardware isn't hard. I Tom Cortese, my co-founder who runs product development and is our product visionary I try to pin him on what's harder, software or hardware, and he'll go back and forth on different months and oftentimes he'll say software i…”
John Foley Jul 18, 2020 ▶ 12:00 How I Built Resilience: Live with John Foley
Insight
Foley: Complex hardware serves as a long-term competitive moat
“Hardware can be hard, but to an ambitious group of people like the Peloton founders and now the Peloton team You know, it's a competitive moat over time, which is which is why I think our investors are excited about it at this point.”
John Foley Jul 18, 2020 ▶ 13:09 How I Built Resilience: Live with John Foley
Insight
Foley: Raising Peloton's price above $1,200 increased sales velocity
“We started pricing it at 1200 dollars, because it was just over 1200 dollars was our cost, and we're like, let's price it at cost, because we have the subscription digital content business model that comes afterwards, so we don't need to make any money, and we…”
John Foley Apr 29, 2019 ▶ 32:50 Live Episode! Peloton: John Foley
Prediction Not checkable as stated
Foley: Peloton will be one of the special companies of our generation
“I think if we do it well, this will be one of the special companies of our generation.”
John Foley Apr 29, 2019 ▶ 49:17 Live Episode! Peloton: John Foley
Opinion
Foley: Peloton's addressable market is massive, not small as investors thought
“I was so excited to show that Peloton is an awesome business and the total addressable market is massive. It's not small as some of the narrow-minded investors thought.”
John Foley Jul 18, 2020 ▶ 10:43 How I Built Resilience: Live with John Foley
Opinion
Foley: Business school is wasted on individuals with existing elite access
“For a lot of people that I've connected with that are educated in the north, northeast or lived in New York City or San Francisco or have parents who have A little more access to the world of business business school could be a waste of time and a waste of mon…”
John Foley Jul 18, 2020 ▶ 14:56 How I Built Resilience: Live with John Foley
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 800 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.