Rapid Response: How Peloton keeps pushing through resistance, w/CEO John Foley
Masters of Scale
WaitWhat
4.6 • 4.4K Ratings
🗓️ 4 November 2021
⏱️ 36 minutes
🧾️ Download transcript
Summary
Skepticism and doubt are no strangers to John Foley, the CEO of Peloton. As he says, it’s been part of the company’s DNA “since the first time I pitched the business to an investor back in 2012.” Last year, the company was supercharged by pandemic demand. However, in 2021, the company has faced a slew of new headwinds, from product-safety issues to investor skepticism. In the face of these challenges, Peloton has doubled down on innovation and ambition. Foley doesn’t see skepticism about Peloton as a sign of weakness. He expects it, and learns from it.
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Transcript
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| 0:00.0 | Hey listeners, it's Alex Morris, a star writer here at Massive Scale. |
| 0:04.1 | Every week on Massive Scale Rapid Response, you hear real insights from business leaders, |
| 0:09.5 | and many of you have said that these episodes help you make more informed decisions in fast |
| 0:13.9 | changing situations. |
| 0:15.6 | So we want to tell you about another fantastic business podcast that can help you stay |
| 0:20.4 | in the know. |
| 0:21.4 | It's called Business Daily from the BBC, and it's all about the daily drama of money and |
| 0:26.3 | work. |
| 0:27.3 | From the environment to the world economy, you'll hear all about the rapidly evolving |
| 0:31.4 | world of business on a global scale. |
| 0:34.1 | There are new episodes of Business Daily every day, Monday through Friday, and you can listen |
| 0:39.0 | wherever you get your BBC podcast. |
| 0:41.6 | Again, that's Business Daily from the BBC. |
| 0:46.9 | The beautiful thing about entrepreneurship is that it's very self-selecting. |
| 0:50.5 | The people who like dynamic startups are people who love challenges, and they show up to |
| 0:55.7 | work for those challenges. |
| 0:57.2 | They get energized by those challenges. |
| 0:58.7 | So COVID obviously was a good year for Peloton, and that we were able to welcome so many more |
| 1:03.8 | people. |
| 1:04.8 | We were able to provide them sanity and physical health as well as a mental escape in a scary |
| 1:10.1 | moment. |
| 1:11.1 | But wow, there's a lot of challenges. |
... |
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