Released February 16th, 2022
Jonathan Abenaim - Basic-Fit: Increasing Returns to Scale
Jonathan Abenaim is an investor at Arlen House Capital. We cover the history of the fitness industry, how Basic-Fit has put its own spin on a successful US-based playbook, and the clustering strategy that Basic-Fit has developed for entering new markets.
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Vinny Pujji - Peloton: Reinventing the Wheel
Vinny Pujji is a partner at Left Lane Capital. We cover Peloton’s success in creating a new fitness category, the impact of the pandemic on its financials, and why it might make sense for Peloton to build its own music label.
Brett Maloley - Ladder: The Fitness Marketplace
Brett is a founder of Ladder, a fitness market platform. We cover origins of the health clubs, the differences between franchise vs. license models, and fixing the commercial fitness industry by changing it.
Zack Fuss - Breaking Down the Food Ecosystem
A discussion around the economics of the food business and restaurants' recent digital transformations.
Vadim Perelman's Basic-Fit thesis
This podcast provides a bottom-up analysis of Basic-Fit and dives deep into its sources of competitive advantage among the wider industry.
The Planet Money Workout
A brief introduction to the economics of the fitness industry, covering why the ideal gym customer is one that rarely uses the service.
Basically Fit to Compound
Jonathan Abenaim pitches a bull thesis for Basic-Fit as a market leader with dominant share and high durable margins.
1 Main Capital Q4'21 Letter
This quarterly letter outlines the bull thesis for Basic-Fit, centering on its status as a low cost provider in an under-penetrated market.
Learning from Nick Sleep
Examines the philosophy successfully used by Nomad Investment Partnership to identify compounding machines and deliver outsized returns.