Change Maker: Payal Kadakia, ClassPass Founder, on Finding Your Billion Dollar Idea

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 4 March 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Payal, founder of the health app ClassPass, is brilliant— and a perfect example of a founder who keeps it real. Payal doesn’t hide the fact that it took some work to evolve ClassPass into the huge success it is today. In fact, as she tells Nicole, that’s something to be proud of. Nicole gets this lesson and more from Payal in today’s episode.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.1	Wall Street has been completely upended by an unlikely player. Game stop.
0:09.6	Dean and should I have a 401k because I don't do it?
0:12.6	No, I know.
0:15.3	I don't think the whole world will revolve around you on your money.
0:17.6	What a dumb shit.
0:19.8	Charge for wasting our time.
0:23.8	I will take a check.
0:24.9	We're going to bullsh**t.
0:26.5	You recognize her from entering on CNN, CNBC, and Bloomberg.
0:31.5	The only financial expert you don't need a dictionary to understand.
0:35.5	The cold lap in.
0:37.5	Today we're talking to Pyle Cadakia.
0:39.5	Pyle is the founder of the Health App Class Pass.
0:42.5	I am so excited to have her on the show because she is brilliant.
0:46.5	And the kind of example we should be showcasing when it comes to founders
0:50.5	because popular culture often gets it wrong.
0:53.5	Oftentimes startups are portrayed as underdog stories where the founder has this brilliant idea
0:59.5	and just needs the business world to take a chance on them.
1:02.5	And that is definitely part of the story.
1:04.5	But what doesn't get much air time is how a founder's idea is workshopped and changed over time.
1:11.5	Class Pass is one of the most popular health apps out there,
	...

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