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Tom Digan

đŸ‘€ Speaker
322 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

product and brand where people are opening this app 10, 15, 20 times a day, there's a lot of opportunity for us to insert other products and experiences into it.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

So there's a long list that have been on the whiteboard since the beginning.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

Say a little bit about that journey.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

What's exciting is just on the investor landscape in general is that there's not much innovation being funded in fitness right now.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

When we first started trying to tell the story and raise money to institutional investors, it was like, how could you possibly compete with Peloton?

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

They're a $50 billion company in that moment.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

You should build AI weights.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

That's what I remember multiple times.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

I was like, that seems like a bad idea.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

Where's the hardware?

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

And then Peloton has their post-COVID troubles.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

And they're like, oh, well, Peloton didn't make it or that story got very hard.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

How can you build a good business that can't be done?

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

So it's being used against us twice now.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

But all that while, we've been iterating on product and shipping product to every other day and listening to our customer and building something that our members are telling us is really, really valuable.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

And so we have this

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

amazing head start where we feel like we just don't really have any competition.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

So that's been really exciting.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

It was hard for a moment.

Invest Like the Best with Patrick O'Shaughnessy
Tom Digan & Greg Stewart - Building the World’s Best Fitness App - [Invest Like the Best, EP.454]

Now we find ourselves in a position where when you get to this growth stage, people can see the numbers.