NEW YORK, Oct. 25, 2016 /PRNewswire/ -- Goldman Sachs (NYSE: GS) has recognized Peloton Co-founder and CEO John Foley as one of the 100 Most Intriguing Entrepreneurs of 2016 at its Builders + Innovators Summit in Santa Barbara, California. Goldman Sachs selected Foley as one of 100 entrepreneurs from multiple industries that were honored at the two-day event.
The inspiration for Peloton struck in 2012 when Foley and his wife Jill were both working and had two young children. Like most parents, they had a lot of demands on their time—but also loved trying to work instructor-led group fitness classes into their everyday lives. The light bulb moment came from a simple thought: "There has to be a better way!" And there was a better way. The Peloton bike was born, allowing people to take high-energy, instructor-led indoor cycling classes from the convenience of their own home, anytime they want.
Since its launch, Peloton's sales have grown 5 times in the past year with over 300 employees, more than $100M in funding and 185,000 members worldwide, all under John's leadership.
"I'm honored to be selected by Goldman Sachs as one of the top 100 most intriguing entrepreneurs of 2016," said John Foley, co-founder and chief executive officer, Peloton. "This acknowledgment further solidifies Peloton's leadership in at-home fitness innovation."
"We are honored to recognize John Foley as one of the most intriguing entrepreneurs of 2016," said David Solomon, co-head of investment banking at Goldman Sachs. "This is the fifth year that we've hosted the Builders + Innovators Summit where emerging business leaders gather to discuss their common interests in building thriving organizations."
For more than 145 years, Goldman Sachs has been advising and financing entrepreneurs as they launch and grow their businesses. In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by Goldman Sachs experts, seasoned entrepreneurs, academics and business leaders as well as resident scholars.
Starting as an engineer in 1990 for Mars Inc., Foley cut his teeth in manufacturing and later transitioned into technology leadership. He then held senior leadership roles at Barnes & Noble, Evite and Ticketmaster.
For more information, please visit www.pelotoncycle.com.
Peloton represents the evolution of the at-home fitness market by merging innovative design with modern technology to provide access to live and on-demand fitness group classes by the best instructors in the world. Peloton offers a completely immersive fitness experience, with the technology, performance metrics and social connectivity to make every workout both effective and addicting. Equipped with a 22-inch high-definition, sweat-proof touchscreen, this is the first and only fitness bike to fully integrate a home workout machine with live group cycling classes, allowing for interaction and competition with fellow riders across the country and real-time instructor feedback, while monitoring an array of output metrics. Peloton is sold online and in their growing number of showrooms. For more information, visit: www.pelotoncycle.com
JCUTLER media group
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/peloton-honored-by-goldman-sachs-for-entrepreneurship-300350982.html