Moment 74 - Business Struggles That No One Tells You: Payal Kadakia
In this moment, Classpass founder Payal Kadakia takes us inside the mental dilemmas and burdens of running a billion dollar business. Because when you’ve built a global company from nothing, no matter how big it gets you always remember when it was small, vulnerable, and struggling. You’ll always see the tiny company it used to be, not the behemoth it’s become. Payal freely admits to paying a heavy price of being too wary of this fear. She missed birthdays, lost friends, and severely effected her mental health. It took a lot of maturing and growing for Payal to achieve balance, balance between her work life and her home life, but also balance between what she wanted, and what she knew she needed. Full Episode - https://g2ul0.app.link/rpvHmKToatb Payal: https://twitter.com/payalkadakia https://www.instagram.com/payal
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HIBT Lab! ClassPass: Payal Kadakia
When Payal Kadakia first appeared on How I Built This in June of 2020, the future of ClassPass, a subscription service for in-person exercise classes, seemed very uncertain. The pandemic had shuttered gyms and fitness studios across the world, and ClassPass was relying on virtual events and wellness offerings in order to stay afloat.
This week on How I Built This Lab, Payal returns to talk with Guy about leading ClassPass through the worst of the pandemic and eventually selling the company to Mindbody in October 2021. Plus, Payal discusses her unique method of goal setting and her new book, LifePass: Drop Your Limits, Rise to Your Potential.
Listen to Payal's original How I Built This episode: https://art19.com/shows/831bd173-0992-41b7-b1eb-112db904d947/episodes/255b6c6c-98cf-48d5-be94-2bb9a81269fd/embed
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Classpass Founder: Quitting My 9-5 Led To A $1 Billion Business: Payal Kadakia
Payal is the founder of Classpass, the app that’s helped millions of users find their passion. Her own love of dancing encouraged her to start a business which enabled anyone, anywhere to find something they loved to do.
When Payal’s parents moved to America with no money and no connections, they had to completely start their life from scratch. Payal grew up in a home where her mother often wasn’t home, working late-night shifts to keep her family going.
How far Payal has come. Today she shares exactly how she got there. The sheer determination with which she ruthlessly sets her goals and priorities, and then systematically chases after them with everything she’s got, was hugely inspiring to me, and I’m sure it will be to you too.
Follow Payal:
Twitter - https://twitter.com/payalkadakia
Instagram - https://www.instagram.com/payal
Payal's book: https://www.amazon.co.uk/LifePass-Groundbreaking-Approach-Goal-Setting/dp/1399706756
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https://beacons.ai/diaryofaceo
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Live From HIBT Summit: Payal Kadakia, Tristan Walker, and Perry Chen on Innovation
Our second episode from the 2021 How I Built This Virtual Summit is from our innovation panel with Payal Kadakia of ClassPass, Tristan Walker of Walker and Company, and Perry Chen of Kickstarter. In this live conversation with Guy, the panel talks about how innovation doesn't require newness, but rather, authenticity. We'll be releasing more episodes from the Summit, so keep checking your podcast feed.
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How to price your product to scale, w/ClassPass's Payal Kadakia
The price that bleeds your business could also save it. We're revisiting a classic episode with ClassPass' Payal Kadakia to focus something every entrepreneur struggles with: pricing. When you invent something innovative, you can’t know how to price it on Day One. But you need to get people in the door — a LOT of people — even if you have to price your product fatally low at first. In this episode, ClassPass founder and chair Payal Kadakia shares the winding path to the right price — and how the journey revealed what was most valuable about their service.
Read a transcript of this episode at https://mastersofscale.com
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ClassPass: Payal Kadakia
In the late 2000s, Payal Kadakia was working a corporate job and running an Indian dance company on the side. When a search for a ballet class yielded a confusing jumble of computer tabs, she had an idea: create the Open Table of the fitness industry – a search engine where users could sign up for classes in one streamlined place. When that idea failed, Payal pivoted multiple times, eventually landing on the subscription service ClassPass. Today, ClassPass connects users to hundreds of thousands of fitness classes around the world. It was valued at $1 billion earlier this year, but when the pandemic hit, it flattened the fitness industry, forcing Classpass to pivot yet again.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How to price your product to scale, w/ClassPass' Payal Kadakia
The price that bleeds your business could also save it. When you invent something innovative, you can’t know how to price it on day one. First, get people in the door — get a LOT of people in the door — even if you have to price your product fatally low at first. In this episode, ClassPass founder and chair Payal Kadakia shares their winding path to pricing and how it revealed what was invaluable about their service.
Read a transcript of this interview at: https://mastersofscale.com/payal-kadakia-how-to-price-your-product-to-scale/
Subscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribe
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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