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Payal Kadakia

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106
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2020-06-29
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2020-06-29
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  1. So growing up, I was one of the only Indian people in my school. So I had an interesting sort of dual identity where my high school and elementary years were filled with, you know, going to soccer practice and cheerleading practice. And then on the weekends, I would go to sort of this adjacent community. It was a town called Parsipony, where there were a lot more Indian people. And that's where I really got a sense of my culture and my community. And on the weekends, I would also start dance practice. So my mom's best friend, my dance teacher, she started teaching us Indian classical and folk dance when I was three years old.

    2020-06-29 · How I Built This with Guy Raz · ClassPass: Payal Kadakia · IDENTIFIED FROM THE TRANSCRIPT

  2. My mom's brother, instead of giving them a wedding gift, told them that he would give them two tickets to America and they got on a flight, came here, probably worked four jobs to make it work, and were living in small apartments, you know, taking buses to work. Both my parents are chemists, and that's really been the backbone of their life

    2020-06-29 · How I Built This with Guy Raz · ClassPass: Payal Kadakia · IDENTIFIED FROM THE TRANSCRIPT

  3. Was set to be the best year in class passes history. But then the company flew into a big giant headwind called COVID-19. The fitness industry has been one of the hardest hit since the pandemic began. So these days, Pyle has found herself in the middle of an unprecedented crisis for her company, a business that has largely depended on people showing up to studios to take fitness classes. Now, one of the criteria for coming on to how I built this is generosity. You have to be generous in recounting your experience, even if it means talking through personal and professional failures and setbacks. But most of the time, entrepreneurs talk about these things while looking in the rearview mirror. In Pyle's case, the setback is happening in real time, and she's being tested in a way she could never have anticipated.

    2020-06-29 · How I Built This with Guy Raz · ClassPass: Payal Kadakia · IDENTIFIED FROM THE TRANSCRIPT

  4. That gives its users access to hundreds of thousands of fitness classes in cities around the world. Back in 2010, ClassPass founder Pyle Kadakia was working a corporate job in New York and also running a dance troupe. And one day, she wanted to sign up for a dance class online and couldn't do it easily. So in 2012, Pyle and a co-founder launched Classivity, a search engine where people could sign up for all types of classes, from fitness to photography. But not only did that idea flop, it went through many painful iterations, upgrades, adjustments, and pivots before it became what it is today. Earlier this year, ClassPass became the first so called unicorn of the decade when it raised around of funding on a billion dollar valuation. In two thousand twenty

    2020-06-29 · How I Built This with Guy Raz · ClassPass: Payal Kadakia · IDENTIFIED FROM THE TRANSCRIPT

  5. One of the best ways we would get customers to sign up is we did this Lulemon promotion where people would get a $100 gift card to Lulon if they signed up for ClassPass and stayed with us for six months. And one day I get to the office and there's like a letter on my desk and I open it and it's a cease and desist from Lou Lemon. And I remember, you know, my first instinct was like, oh no, should I be scared? But then I was like, oh my God, Lulu Lemon knows who we are?

    2020-06-29 · How I Built This with Guy Raz · ClassPass: Payal Kadakia · IDENTIFIED FROM THE TRANSCRIPT

  6. You know, one of my favorite parts of traveling is getting a feel for a neighborhood, the way locals do. A few summers ago, I was in Rome and stayed in an apartment I booked on Airbnb. It was tucked in a quiet neighborhood just outside the Roman forum. Every morning I'd walk to the corner cafe, grab an espresso, and just watch the world go by outside. I even managed to chat with the owner about the neighborhood he lived in for nearly forty years. And he got me thinking about my own neighborhood. There are incredible hiking trails and great restaurants and, of course, the beach. And when I'm traveling this summer, listing my own place on Airbnb could be a really smart way to let someone else experience the area the way I do, like a local. Listing your home on Airbnb while you're traveling is a great way to make some extra money. You could put the money toward your next trip. Your home might be worth more than you think. Find out how much

    2020-06-29 · How I Built This with Guy Raz · ClassPass: Payal Kadakia · IDENTIFIED FROM THE TRANSCRIPT