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Fundraising in the Fitness Sector.

Fundraising in the Fitness Sector.

Welcome to this week’s episode of the Escape Your Limits Podcast. To wrap up our series at the Connected Health & Fitness Summit, we sat down with Jon Canarick, a Managing Partner with over 20 years of consumer private equity investment experience.

Since joining North Castle in 2001, Jon has actively managed North Castle’s investments across a variety of Healthy, Active, and Sustainable Living sectors and across all job functions at North Castle. Having started his NCP career as an Associate, Jon has played a crucial role in the development of North Castle and many of its portfolio companies. Jon currently sits on the Board of Directors of Therabody, Five Iron Golf, Echelon Fit, CR Fitness, Encore Vet Group, The Escape Game, Barry’s, and SLT.

Today he tells all about:

  • If the American economy is facing a recession
  • Why the value of Peloton went down exponentially, and how fittech companies should avoid the same fate
  • What trends are currently happening in the commercial equipment space along with the home space

To learn more about North Castle Partners, click here! https://northcastlepartners.com/

Throughout our interview, we cover:

  • Asking the detrimental question on everyone’s mind about the economy- are we in recession
  • Why the value of Peloton went down exponentially, and how fittech companies should avoid the same fate
  • What trends are currently happening in the commercial equipment space along with the home space
  • The importance of understanding the market when pitching a new fitness idea to investors
  • Why building your company to sell is a very dangerous concept
  • The lessons learnt from previous recessions
  • New potential ideas for fitness companies to keep their eye on
  • What one of the key components is to make your business into something big
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