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Joe Vennare Profile picture
Joe Vennare
@JoeVennare
Building @fittinsider || Investing in health/fitness startups: https://t.co/GFnf5lRscI || Subscribe to our weekly newsletter: https://t.co/NS8xAsNBjR
Jul 11, 2023 • 14 tweets • 5 min read
From pizza delivery boy to Britain’s youngest billionaire, this is the story of Ben Francis… Ben Francis was born on June 4, 1992, in Worcestershire, England.

From an early age, he had a keen interest in computers.

While attending university, Ben worked part-time at Pizza Hut, earning $5 an hour.
Jul 4, 2023 • 13 tweets • 6 min read
These Swiss entrepreneurs turned an investment from Roger Federer into an $8 billion business.

Today, they’re going toe-to-toe with brands like Nike in the $75 billion sneaker market.

Time for a story… In 2010, David Allemann, Olivier Bernhard, and Caspar Coppetti, founded On to disrupt the sportswear industry.

They aimed to solve Bernhard's frustration as a triathlete in finding a shoe that offered lightweight springboard impact and cushioning for injury prevention.
Dec 30, 2020 • 8 tweets • 3 min read
Every week, in the @fittinsider newsletter, we track fitness & wellness investments.

In 2020, investors put billions into:

- digital & connected fitness
- mental health & wellness
- plant-based foods
- telehealth

Here are some of this year's biggest funding stories

👇👇 1/ Digital & connected fitness

Hoping to back the next Peloton, fitness funding skyrocketed.

- Zwift, $450M
- Icon Health & Fitness, $200M
- Strava, $110M
- Tonal, $110M

Nov 25, 2020 • 8 tweets • 7 min read
On the @fittinsider, one of my favorite questions to ask investors is:

"What idea do you want to back next?"

Recently, I went back through the transcripts. Here are the trends, opportunities, and startup ideas health & fitness investors are watching. 👇👇 1/ Lionel Conacher at @nextventuresvc is pursuing ideas in:

- hydration
- skin sensors
- glucose monitoring
- AI based fitness & coaching apps

Along w/@lancearmstrong @girlstrong, NEXT in companies optimizing human performance like @ouraring @steadymd @AmpHuman @PocketMediaGRP
Nov 17, 2020 • 9 tweets • 6 min read
News: @Levels raised $12M in funding led by @a16z for its glucose monitoring system.

- 1,000 ppl completed the beta
- 50K ppl are on the waitlist
- revenue is growing >40% MoM

Preparing for full-scale launch in early '21, here's a breakdown of their market, model & approach 👇 1/ Coining Metabolic Fitness

While activity tracking & sleep monitoring wearables like Apple Watch & WHOOP have caught on, there’s no mainstream method for quantifying the effects of diet.

Popularizing the concept of metabolic fitness, Levels aims to quantify dietary choices.
Nov 16, 2020 • 9 tweets • 4 min read
Malcolm Gladwell is a well-known author or 5 NYT bestsellers, host of Revisionist History podcast, journalist & public speaker.

What most people don’t know?

@gladwell is obsessed with running.

And like most obsessed runners, it might be his greatest passion.

A thread 👇👇 1/ Born to parents of Jamaican & English descent, Gladwell grew up in Ontario, Canada.

His love of running began in high school, where he competed in the 800 and 1500.

He even had a rivalry with professional runner Dave Reid.

His early success earned him a national ranking.
Nov 16, 2020 • 6 tweets • 4 min read
A few weeks ago, we surpassed 100 issues of the @fittinsider newsletter.

Looking back, here are a few of the most popular topics:

- Why Mirror sold
- Arming the rebels
- What to make of Apple Fitness+
- The gym is dead, long live the gym

See what you missed 👇👇 Why Mirror Sold

For activewear retailers, buying into digital fitness via high-profile purchases has proven futile.

So why did lululemon spend $500M on Mirror?

And what prompted Mirror to sell at the peak of the at-home fitness boom?

→ insider.fitt.co/issue-no-87-wh…
Oct 23, 2020 • 17 tweets • 10 min read
The pandemic accelerated the shift to at-home exercise.

And connected fitness benefited, with companies in the space raising $1B+ this year.

If you're keeping tabs on the category, here are the companies vying to become the next Peloton.

A thread 👇👇 1/ Peloton

Valued at $35B, Peloton opened the industry’s eyes to the opportunity in connected fitness.

Since '16, $PTON grew revenue 100% YoY, $60M to $1.8B in 2020.

Now, everyone is bundling content and equipment.

Sep 7, 2020 • 20 tweets • 7 min read
Peloton is a $20B compay.

But CEO John Foley had trouble raising money in the early days.

For years, thousands of investors told him no.

This is the story of how he persisted, disrupting the fitness industry in the process.

A thread 👇👇 1/ At 19, Foley got a job at a manufacturing plant in Waco, TX making Skittles, Starburst, M&Ms, and Snickers.

For 6 yrs, Foley played Willy Wonka, overseeing 200 people making 6M Snickers bars/day.

He thought he’d stay in Waco forever.
Jul 31, 2020 • 8 tweets • 6 min read
Performance healthcare is taking hold.

And everything that can be optimized will be.

I've hosted Whoop, EightSleep, hims, Vault Health, and Levels on the Fitt Insider podcast.

Here's what I've learned...

↓ 1/ The High-Performance Lifestyle

Combining technology, athletics, medicine, and mindfulness, the high-performance lifestyle (HPL) aims to optimize our existence.

Now, unlocking our true potential is the holy grail.

→ insider.fitt.co/high-performan…