Recognized as a true disruptor of an established industry, at-home fitness pioneer Peloton initially struggled to get funded. Investors questioned whether Peloton could unseat entrenched workout chains and exercise machine makers, especially with a business model that requires blended expertise in hardware, software, content, retail, and logistics. But CEO John Foley and his co-founders persisted in their vision of a fitness company that actually gets people fit, delivering revenue growth, expanding internationally, going public, and continually adding value to memberships.
TCV led Peloton’s Series F financing round in 2018 and supported the company on its journey to its IPO. John Foley joins Peloton board member and TCV general partner Jay Hoag for a wide-ranging discussion with multiple lessons for entrepreneurs:
- Why the fitness industry was ripe for disruption
- Why many investors had a tough time seeing the potential in Peloton’s approach
- How Peloton makes memberships more affordable than you thought
- Why culture and social responsibility are increasingly important to business success
- How to navigate the road to the IPO and life as a public company
For all this and much more, settle back and press play.