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Peloton Confidentially Files Statement for Proposed IPO

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141–150 of 176 posts

Re: Peloton Confidentially Files Statement for Proposed IPO

#141

Earlier quoted context omitted.

I don't understand how you save time not leaving the house... Doesn't it take just as much time to go on a ride outside?

Not a fun way to exercise if you live somewhere like NYC. Or weather wise, anywhere in the northern US where it's cold and snowy for from November to February.

New Yorkers just stop at the gym on their way home from work. The net time difference is close to zero. However you also have the opportunity to actually meet other people at a gym.

Re: Peloton Confidentially Files Statement for Proposed IPO

#142

Earlier quoted context omitted.

I don't have a Peloton at home but I do have a treadmill, elliptical, and some weights and getting a stationary bike is on my list. It is really convenient not to have to go through the ceremony of going to the gym. I can go to the room across the hall and work out anytime in front of my TV. You really don't need a lot of different weightlifting equipment to stay in shape. Just an adjustable weight bench (which I hav…

+1. Honestly, if I go to the gym it's because I want someone else to tell me what to do, and for the social aspect, not because my home setup isn't sufficient (bench, adjustable DBs, stationary bike, rowing machine, medicine balls, slides, resistance bands, TRX, bosu).

The other part of the story is that I spent over a decade as a part time fitness instructor going around to over a dozen gyms during the course of a year and the energy of being in front of a class and the friendships I made were priceless.

But as $life_happened and I stopped teaching and moved away from my friends, I really started hating everything about the gym and having to work around the gym schedule. There are times I hang out with my wife until she goes to sleep and then work out after 9PM.

Re: Peloton Confidentially Files Statement for Proposed IPO

#143
post #6

When I see Peloton now, I always think of this twitter thread that critiques their adverts https://twitter.com/clueheywood/status/1089699762331217920

My sides. I have friends working there that have tried getting me to apply. Glassdoor reviews indicated their backend interview is unnecessarily difficult and I have little faith in their business model. How many people are willing to spend thousands on an exercise bike? Let alone one that requires a $40/month subscription? It feels the same as Blue Apron - the market is people rich and lazy enough that don't want do…

There's a huge difference between an exercise bike and the real thing. Sure you can add online gameplay, but it is a poor substitute.

I'm not sure how much staying power they have. More people seem to like the idea of excerise rather than the exercise itself. Maybe I'm missing something..

I'm surprised that they haven't expanded into rowing, seems like an even better fit. Personally, I think you're better off joining a gym and going to spin class if you don't have good roads near you.

Oh, and seeing that they have packages with bundled cycling shoes did make me cringe. That's when you need to go to a bike shop and get some that fit (cycling shoes are designed to be stiff so they don't 'wear in' to the same degree as other footwear.

Re: Peloton Confidentially Files Statement for Proposed IPO

#144

When I see Peloton now, I always think of this twitter thread that critiques their adverts https://twitter.com/clueheywood/status/1089699762331217920

They're not really unique in that though. If car commercials were real, everyone would be driving around either DUMBO, Brooklyn or peeling out on the Nevada Salt Flats.

Re: Peloton Confidentially Files Statement for Proposed IPO

#145
post #11

Peloton has better legs than most, but the reality is that every fitness craze has eventually died whether it’s equipment (eg Bowflex) or method (eg Tae Bo). It’s just human nature, this and diet (eh Atkins) aren’t sustainable things with how most people are wired. Peloton will fade one day just like all the others before it as people inevitably get bored with it and doing it becomes a drag.

Peloton is a combination of stationary biking and personal fitness instructions. Both of which have long histories and a lot of popularity.

Re: Peloton Confidentially Files Statement for Proposed IPO

#146
post #68

We haven't bought the $2k bike yet, but did roll our own Peloton with a lower-end bike and their $11/month streaming subscription watched on an iPad. It gets you most of the value without the pricey bike, though you miss out on the gamification part of their platform. Both my wife and I are users - and may eventually jump in for the integrated solution. It's a pretty well done offering, particularly once you find a t…

I picked up a lightly used one from my friend when he was moving across the country (<50% retail). I spin 3-4 times a week and so far (12 weeks in) have been loving it. The bike is nice, but it’s really the instructors that seal the deal imo. My girlfriend has also been using it a lot and she hates working out, so that’s a big plus for her. I know that now I wouldn’t hesitate at the price because I like it so much (will probably need to pick a new one up or at least a new screen as my current one is a gen 1. I assume at some point that might start to be a problem but so far so good)

Re: Peloton Confidentially Files Statement for Proposed IPO

#147
post #6

Earlier quoted context omitted.

My sides. I have friends working there that have tried getting me to apply. Glassdoor reviews indicated their backend interview is unnecessarily difficult and I have little faith in their business model. How many people are willing to spend thousands on an exercise bike? Let alone one that requires a $40/month subscription? It feels the same as Blue Apron - the market is people rich and lazy enough that don't want do…

There's a huge difference between an exercise bike and the real thing. Sure you can add online gameplay, but it is a poor substitute. I'm not sure how much staying power they have. More people seem to like the idea of excerise rather than the exercise itself. Maybe I'm missing something.. I'm surprised that they haven't expanded into rowing, seems like an even better fit. Personally, I think you're better off joining…

> I'm surprised that they haven't expanded into rowing, seems like an even better fit.

I'm just gonna drop a shameless plug here and note that I recently joined the team at Hydrow; rowing is our business and our machine feels really good--the quality of the product was a nontrivial part of why I signed up.

https://hydrow.com

Re: Peloton Confidentially Files Statement for Proposed IPO

#148
post #23

Earlier quoted context omitted.

$2k isn't absurt for an exercise bike once you think about it. These are the same people who buy a $10,000 bike for recreational riding, remember. You are dead on with the point about the instructors. My wife hated biking but they have Pelotons in her work gym, and she loves them, and talks about the instructors like they are real people. People are fitness crazy right now. Crossfit gyms are $100-200 a month, Rogue h…

talks about the instructors like they are real people That’s because they are real people! Working people who are doing a job, not actual friends of course. But still: real living, breathing, actual human beings. Although I do wonder if buried somewhere in the business plan is the expectation of replacing them with AI-equivalents that don’t cost as much & don’t require pesky things like holidays or sick pay.

Probably what they mean is that she has a parasocial relationship[0] with the instructors i.e. she knows the instructor but the instructor does not know her.

[0]:https://en.wikipedia.org/wiki/Parasocial_interaction

Re: Peloton Confidentially Files Statement for Proposed IPO

#149
post #29

Earlier quoted context omitted.

You could not go to a gym for 3 years and your membership fees would still cost you less than the $2000 bike, let alone the monthly subscription.

People are paying over $100 per class for yoga and spin classes in major cities.

I have a side business dealing directly with the yoga and spin industry and I've never heard of this. Can you point me to an example?

Re: Peloton Confidentially Files Statement for Proposed IPO

#150
post #103

Earlier quoted context omitted.

I don't understand Peloton because there are smart-trainers available (Wahoo Kickr, etc). $1000 bike. $1000 trainer. $15/month for Zwift or TrainerRoad. And you can take the bike outside when the weather is nice. Or, for a bike enthusiast (or anybody who already owns a bike), the bike is already there. So, it's just the trainer.

Twice, I had something like a Wahoo Kickr. Twice, after repeated use, the mounting mechanism to fasten my road bike to the trainer started to fail or became very cumbersome to use. When it did work, the tires on the road bike slipped when putting on high power. In the end, even if it wasn't a huge inconvenience, the hassle of using the system was sufficient friction to stop me from using it, just like the overhead of…

The Kickr is direct mount (remove rear wheel, mount to axle/cassette that are part of trainer). Parts could still fail, but no tire slippage.
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