Do I read the decks properly, or do they have only 2331 subscribers for Q4 2021? This looks like a super low for such big valuations of their disruptive product.
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Peloton – A call for action [pdf]
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Re: Peloton – A call for action [pdf]
#62Earlier quoted context omitted.
The subscribers aren't subscribing for using the treadmill, they are subscribing for fitness courses and the likes. Which... isn't a bad business model per se IMO. With the current trend of "self improvement", there are enough people willing to pay lots of money, for everything from gym memberships to individual personal trainers. The issue is: this is not going to be an exponential-stock-growth-style business model,…
Aren't gyms generally famous for cashing in on people who sign up for memberships they never actually use? Seems like a genius plan to disrupt that tried and tested business model with a more efficient alternative where users buy the gyms for you so you don't need to maintain them. (unless you want your job to be meaningful or something)
I think Richard Simmons already brought us this disruption, and you can pay what you want at the closest yard sale!
The slide deck is comical in its defensiveness of the company itself, how does one compare video remote classes with boutique classes that had better have 8- students to explain $300/month?! Or is this people in LA assuming their local phenomenons are normal?
Re: Peloton – A call for action [pdf]
#63Open question. How easy would it be for Apple to build a Peloton competitor from scratch? Are there any real barriers to entry?
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Re: Peloton – A call for action [pdf]
#64Do I read the decks properly, or do they have only 2331 subscribers for Q4 2021? This looks like a super low for such big valuations of their disruptive product.
Probably thousands.
Re: Peloton – A call for action [pdf]
#65I get the impression they don't like the CEO very much. That was an impressively brutal attack on him, with probably the worst damage inflicted by the CEO's own statements. Blackwells is obviously not a neutral party here, there's a reason they created this thing. But on first glance it looks like a pretty solid argument that the management at Peleton is seriously flawed. I don't really buy the arguments on why Pelet…
I've got the impression that some big guys invested big money in Peloton, while its CEO with his buddies promptly sold off their shares while talking the talk about the bright future. The big guys are now trying to recover their investments.
Re: Peloton – A call for action [pdf]
#66> Q: Is there anything about being CEO that you don’t like, that you like to delegate? > A: Finance. Our CFO does 99% of finance. I engage because I want to know how we’re doing. But to say I don’t add value to her operation is an understatement. You can also say the same with technology. Our CTO doesn’t get any help from me. I’ll go sometimes months without talking to our CTO, which as a CEO of a technology company,…
I am not so sure why this sounds odd. All successful startup that I have seen, had a great builder and a great seller. A CFO/COO running internal operations and finance is great to have. So since he is not the builder and obviously not the CFO/COO, he could still be a very successful CEO by being the seller, who is advocating for the company on the market. Think Steve Jobs. Wasn't the CEO of Peloton not that kind of…
Steve Jobs was one of the most micromanaging CEOs I've read about. He overruled many CTO decisions during his time at Apple, both at the founding of the company and upon his return to the company years later, so I wouldn't use him as a comparable example. You'll rarely find a good CEO that isn't intimately aware of the current actions and goals of each other executive. What you're describing would be the role of a CMO, which Foley is not.
Re: Peloton – A call for action [pdf]
#67The question it begs is if the CEO is not the right-person for the job (which they don't appear to be) then why keep him on as executive chair? That sounds like dragging things out for the sake of it, if he doesn't add anything useful, buy him out and send him somewhere else, it sounds like his experience is not really needed any more?
Because buying him out would be expensive. Much cheaper to convince him to step aside.
Re: Peloton – A call for action [pdf]
#68I don't know anything about Peloton or its management, but the main takeaway from this deck is something I already knew: (1) private equity guys are assholes, (2) who are obviously compensating for something inadequate three feet below the nose.
Re: Peloton – A call for action [pdf]
#69I don't know anything about Peloton or its management, but the main takeaway from this deck is something I already knew: (1) private equity guys are assholes, (2) who are obviously compensating for something inadequate three feet below the nose.
How about we come up with a better way to insult men, rather than "hehehe peepee small"
Re: Peloton – A call for action [pdf]
#70Do I read the decks properly, or do they have only 2331 subscribers for Q4 2021? This looks like a super low for such big valuations of their disruptive product.
But on par for Silicon Valley