Peloton co-founder John Foley discusses working at a Mars confectionery manufacturing plant in Waco, Texas while in college.
0:00 / 0:02exact quote · 2.4s
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“We made six million Snicker bars a day.”
quote is from the automated transcript, cleaned for reading:
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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…”
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Insight
Foley: Complex hardware serves as a long-term competitive moat
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“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 FoleyApr 29, 2019▶ 32:50Live Episode! Peloton: John Foley
PredictionNot 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 FoleyApr 29, 2019▶ 49:17Live 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.”
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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…”
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