Peloton Ex-CEO John Foley Is Back—With A Custom Rug Startup And $25 Million

Peloton’s former CEO, John Foley, is launching a new startup—and this time it’s not a bike he wants to sell you—it’s a custom-cut rug.

Rugs might seem an unlikely next product for Foley, who cofounded Peloton in 2012 and famously took it public in 2019, as its exercise bikes and peppy streamed virtual classes faced massive demand during the pandemic—then stepped down as growth slowed and its stock tumbled. But in an exclusive interview, Foley toldWhile still CEO of Peloton, no friends took him up on his offers to help fund such a business, Foley said.

“Rugs might seem like a potentially uninteresting category, but there’s probably at least one in your house.”From its founding team to its investors, however, Ernesta does represent a Peloton reunion. Addition, which led the $25 million Series A funding round, is led by Lee Fixel, a Midas List investor who was an early backer and board director at Peloton while an investor at Tiger Global in 2014. True Ventures, which also wrote a sizable check in the round, first backed Peloton in 2015.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The best Black Friday streaming deals on Hulu, HBO Max, Paramount Plus, and moreYou can get a year of Paramount Plus for just $25. But it has ads and they are so bad they make you pay for adless. Smart business 🤷🏼‍♂️ No one cares. Just pirate stuff It's not letting me get the discount as a returning customer.
Source: verge - 🏆 94. / 67 Read more »

The best Black Friday deals under $25You don’t need to spend a ton to get a great deal. Cool deals now can you comment on the record about this? The Elephant Card supports your iPhone for use as a full-featured Mac webcam. It folds up flat to easily fit into a pocket or wallet and makes for a great stocking stuffer. Read our full review here:
Source: verge - 🏆 94. / 67 Read more »

From toys to tech, we found 38 early Black Friday deals — all under $25.shoptoday rounded up 31 deals for under $25 from some of the biggest retailers!
Source: TODAYshow - 🏆 389. / 55 Read more »

Christie's ends Tyrannosaurus rex auction to fetch $25 M after a paleontologist notes replica bonesThe auction was promoted as the highlight of the auction house's Hong Kong sales as it was to be the first Tyrannosaurus rex auctioned in Asia.
Source: wrtv - 🏆 598. / 51 Read more »

19 Great Gifts for Your Newly Sober FriendPerfect products priced from $25 to $500.
Source: epicurious - 🏆 114. / 63 Read more »

You Can Finally Buy a Peloton on Amazon (for a Massive $300 Discount for Black Friday)One of the most popular pandemic pickups, the Peloton bike is discounted for the first time for BlackFriday. RSRecommends
Source: RollingStone - 🏆 483. / 51 Read more »