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How I Built This with Guy Raz

How I Built Resilience: Live with John Foley

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.831.1K Ratings

🗓️ 18 July 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

While upending many businesses, the pandemic has benefited fitness brands like Peloton, which saw a surge in demand in mid-March. Peloton founder John Foley talks with Guy about the unique challenges and opportunities posed by this moment. These conversations are excerpts from our How I Built Resilience series, where Guy talks online with founders and entrepreneurs about how they're navigating turbulent times.

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Transcript

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0:00.0

Hey, Prime members, you can listen to how I built this early and ad-free on Amazon Music.

0:07.0

Download the app today.

0:09.0

New years is here, and with it brings the possibility of change.

0:13.0

As one behavioral scientist put it, first starts are really powerful.

0:17.0

So as you head into 2023, LifeKit is a great resource to help you plan your life and tackle changes, both big and small.

0:24.0

Listen to the LifeKit podcast from NPR.

0:27.0

Hey, everyone, and welcome to how I built this resilience edition.

0:31.0

On these episodes, we're talking with entrepreneurs and other business leaders about how they're thinking creatively during such a disruptive time.

0:39.0

And today, my conversation with John Foley, the founder of Peloton.

0:43.0

Peloton makes stationary bikes and treadmills stream live classes right to your home.

0:49.0

We feature John Foley and the story of Peloton on the podcast back in April of 2019.

0:55.0

So if you haven't heard it, it's well worth checking out.

0:58.0

Anyway, when the pandemic shut down fitness studios all around the world, people still needed a way to work out.

1:05.0

And Peloton saw a huge surge in demand.

1:09.0

I spoke with John from his home in New York just a couple days ago where he's focused on meeting that demand and keeping the Peloton community motivated.

1:17.0

All right, let's talk business.

1:19.0

When did you first start to see something odd in like orders for Peloton?

1:25.0

Did you start to see like a weird surge even before the pandemic really hit?

1:29.0

I don't think it was before, Guy.

1:31.0

I think it was that, you know, the 12th or 13th of March when the world realized that what we were hearing about in obviously China and Italy and some other places in South Korea,

1:45.0

that it was going to come to New York and all of a sudden that following week it started shooting up the demand.

1:51.0

A demand that you had not seen in the previous eight years of Peloton's history?

...

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