Subscribe to Entrepreneur for $5

Peloton Unveiled a $4,000 Treadmill -- and Everything Is Riding on It

The $1.25 billion company spent 18 months secretly working on its second-ever product. Is it the beginning of a new fitness revolution?

This story appears in the March 2018 issue of Start Up.

Have startup questions? Peloton CEO John Foley's got answers! Get advice from him during a Facebook Live at 1 p.m. EST on June 5. Join our Facebook Event to be notified when we are live.

Floto + Warner

John Foley can't find his desk. The co-founder and CEO of Peloton is showing me around the Manhattan headquarters of his company -- which streams boutique-style cycling classes to high-tech, at-home exercise bikes -- and explains that the open floor plan was recently rearranged. It's something they do every six months to keep the space feeling fresh and get different departments talking, he says. It's a practice he loves, and he stands by it. Though it can be disorienting.

4th of July Subscription Sale - Unlock this subscriber exclusive article and more for 20% off today.

Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.

Get 20% off an annual subscription today. Just use code SAVE20 at checkout.

Entrepreneur Editors' Picks