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The Foundr Podcast with Nathan Chan

199: From Passion To Profit: How Payal Kadakia Turned Her Love of Dance into a Global Enterprise

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 16 May 2018

⏱️ 37 minutes

🧾️ Download transcript

Summary

As a lifelong, accomplished dancer, Payal Kadakia never thought she would become an entrepreneur. But it was that very love of dance that compelled her to help others pursue or rekindle their own passions. Driven by a strong desire to create something with potential to change people's lives, Kadakia created ClassPass, a platform that helps fitness and dance enthusiasts find and book classes in 8,500 studios in 50 cities around the world. Kadakia has appeared on prominent lists such as Fortune’s Most Promising Women Entrepreneurs and Marie Claire’s Most Influential Women in America, and ClassPass has been ranked among the fastest-growing technology companies in North America. It may sound like Kadakia effortlessly glided from performing arts to business, but her seven-year journey was full of setbacks. She overcame several problems and had to pivot twice to stay afloat and then thrive. In this interview, Kadakia explains how she turned her personal passion into a successful business, including the importance of partnerships and how being “mission-obsessed” instead of “product-obsessed” fueled her growth. She also discusses the power of purpose in entrepreneurship and the principles of real perseverance. Key Takeaways How passion and success are closely related and how entrepreneurs can connect the two Why having heart and soul in business is crucial for problem-solving The partnership model that made ClassPass so successful Why the size of your company doesn’t matter if you follow your mission

Transcript

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0:00.0

This is episode number 199 with Payao Kedarkia of the Founder Podcast.

0:07.0

What you need is thirst.

0:08.8

You need to be a thirsty human who is intent on learning.

0:12.9

It's a really fascinating exploration of human potential.

0:18.6

The Founder Podcast.

0:21.8

Even the greatest entrepreneurs had help.

0:24.6

If you want to learn from the most successful founders on the planet, you are in the right place.

0:30.3

Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Ariana Humpington, Steve Case, Gary V, Sophia

0:35.1

Homerosa, Barbara Corcoran, Damon John.

0:37.4

Learn from the greatest minds in business today with interviews hosted by Nathan Chan.

0:41.9

This is not your average entrepreneur podcast.

0:45.5

The Founder Podcast.

0:52.7

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:58.8

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:04.4

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,

1:10.6

you name it. We put out so much content to help you.

1:13.7

And another interesting project that we're working on right now is partnering with world-class

1:18.6

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:24.6

skills like negotiation, finance, e-commerce, and so much more.

1:30.8

So if you'd like to get access to these free trainings with founders like this, which is 100%

1:37.1

free, just go to founder.com forward slash free.

1:41.0

Okay, so now let's talk about today's episode.

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