David Rosenthal: belief

Transcript context

…If you think those vectors alone—infinite class size and geography agnostic—that's massively TAM expanding. Theoretically, the TAM for connected fitness should be way bigger than Boutique Fitness, but then there's even a third layer of icing on the cake, which is time-shifting. What if you can't make it to that 5:00 AM class? To feather back in preview, a little Barry element here, one of the things that he talks about—to the extent he does talk publicly—and learned deeply from Netflix but has just become kind of ingrained in him and I think is now an obvious insight but definitely at Netflix and at this point in time when Peloton was getting started not obvious. His quote is, "Everything linear dies, everything on-demand wins," and it's so true. This element of being able to access the best in the world content on your schedule, when you want it, that's what makes Netflix awesome. That's what makes Spotify awesome. That's why podcasting is better than talk radio. That's why music streaming is better than listening on the radio. That's why Netflix is better than linear TV programming. Yeah, which is mostly true but not entirely true. Sports is probably the notable exception.…

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