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Buying ClassPass was about owning both sides of the marketplace. We run the studios. ClassPass brings the customers. Together, that's an unbeatable combination.
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When COVID closed every studio in the world, our customers couldn't pay their bills. We couldn't charge them either. The entire industry nearly collapsed.
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We replaced the clipboard at the yoga studio front desk. Not glamorous. But 58,000 businesses can't run without us. That's a good place to be.
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I started Mindbody in San Luis Obispo because that's where I lived. Everyone said I needed to be in Silicon Valley. Twenty years later, we're still in SLO.
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Wellness is a $1.5 trillion global industry. Somebody has to make the software that runs it. That somebody is us.