Oct. 2, 2024

Episode #521: From NASA to ASENSEI-Steven Webster on Digital Transformation in Fitness

Episode #521: From NASA to ASENSEI-Steven Webster on Digital Transformation in Fitness
Episode #521: From NASA to ASENSEI-Steven Webster on Digital Transformation in Fitness
HALO Talks: Elevating Wellness
Episode #521: From NASA to ASENSEI-Steven Webster on Digital Transformation in Fitness

Steven Webster has carved out a rather unique career path combining sports, technology, and coaching. Originally from the UK and now in California, Steven boasts an impressive martial arts background. His expertise extends beyond the dojo, selling his first company to Adobe and working with customers including NASA, Nike, and the NFL.

Also a Microsoft alumnus, he's made significant contributions to athletic coaching, leading British University sports teams to ten national championships. His multifaceted knowledge spans movement recognition, coaching intelligence, artificial intelligence, and athletic intelligence. Webster and host Pete Moore explore his early passion for computers sparked initially by his Dad (an electrical engineer) to eventually founding ASENSEI, a company specializing in movement recognition technology for fitness and healthcare.

We uncover Steve's insights on enhancing consumer engagement, solving real-world problems through AI, and the future of interactive training technology. This is a deep-dive into the convergence of fitness, technology, and business innovation.

Key themes discussed

  • ASENSEI: Movement recognition company for various applications.
  • AI coaching potential to scale being digitally demonstrated.
  • Athletes training with consumers in real time.
  • Solve frustration to validate business funding needs.
  • Building on existing AI is an industry standard practice.
  • Customer experience tests show high net promoter scores.
  • Trade shows are arsenals for success strategies.

A few key takeaways:

1. Holistic View of Digital Transformation: Webster emphasizes the importance of adopting a comprehensive approach to digital transformation in the HALO space. Drawing parallels with successful digital shifts in ecommerce and financial services, he underscores the necessity for both legacy and pioneer brands to integrate advanced technologies to stay competitive.

2. Martial Arts Influence: Webster shares how his background in martial arts strongly influences his approach to coaching and technology. Martial arts not only offer physical benefits but also emotional and behavioral improvements. This translates into his work with ASENSEI, where movement recognition technology enhances fitness and health applications.

3. Asensi's Technology Implementation: The episode focuses a lot on ASENSEI's movement recognition technology and its practical applications in fitness and health. Initially applied to indoor rowing, the tech has expanded to meet the demands of home workouts. Examples include using cameras for analyzing exercises to prevent injuries and using AI to interpret and improve physical activities.

4. AI and Coaching Synergy: Webster clarifies that their technology is designed to complement, not replace, human coaches. The AI serves as a "copilot," capturing user movements and providing real-time feedback based on expert coaching insights. This ensures the technology enhances the coaching experience rather than detracting from the human element.

5. Legacy Brands and Market Evolution: The discussion around how legacy fitness brands are leveraging digital technologies to enhance customer experiences is especially noteable.

Click here to download transcript.

Resources:

Connect With Us:

Instagram: https://www.instagram.com/thehaloadvisors/?hl=en
Facebook: https://www.facebook.com/Integritysquare
YouTube: https://www.youtube.com/@halotalks
LinkedIn: https://www.linkedin.com/company/integrity-square/
Website: https://www.halotalks.com

Transcript
1
00:00:00,080 --> 00:00:03,860
I am super excited to announce that we now have a formal partnership

2
00:00:04,080 --> 00:00:07,919
with the prospect wizard. And when I say wizard, I mean

3
00:00:07,919 --> 00:00:11,759
wizard. Obviously, you have a website. This allows you to

4
00:00:11,759 --> 00:00:15,360
convert your website traffic visitors directly into

5
00:00:15,360 --> 00:00:18,925
leads. It's not just another chatbot, and it's not AI, but it

6
00:00:18,925 --> 00:00:22,545
allows a visitor to call, text, or leave a voice mail.

7
00:00:22,685 --> 00:00:26,385
Immediately goes to you, your sales team, or anyone else in the club instantly.

8
00:00:26,845 --> 00:00:30,600
MIT shows a study that if you contact a lead within 10 minutes,

9
00:00:30,840 --> 00:00:34,440
chance of them converting goes up 9 times that of the

10
00:00:34,440 --> 00:00:37,980
average. We got the Atlanta Clubs on it, Vida Fitness,

11
00:00:38,120 --> 00:00:41,580
Gold's Gym, Mountainside, City Fitness Philly,

12
00:00:41,720 --> 00:00:45,555
College Park, become one of the next halo

13
00:00:45,555 --> 00:00:49,315
companies to deploy the wizard. It's easy to use. Go to the

14
00:00:49,315 --> 00:00:53,155
prospect wizard.com. Get a free 30 day trial. Talk to

15
00:00:53,155 --> 00:00:56,995
my boy, Dave Gallon. He will get you all set up and let the leads

16
00:00:56,995 --> 00:01:00,500
flow based on the wizard. Go get them.

17
00:01:02,960 --> 00:01:06,640
This is Pete Moore on Halo Talks NYC. I had the pleasure of

18
00:01:06,640 --> 00:01:10,320
bringing our first, 4th degree, and 2 times

19
00:01:10,320 --> 00:01:13,965
second degree black belt judo, jujitsu,

20
00:01:14,265 --> 00:01:18,045
and karate sensei, as well as a

21
00:01:18,105 --> 00:01:21,725
NASA, Tannido, Nike to NFL

22
00:01:22,585 --> 00:01:25,965
advisor, which I don't think we've ever had on the show, ex Microsoft

23
00:01:26,185 --> 00:01:29,720
alum and a sports coach to the British University

24
00:01:29,940 --> 00:01:33,700
sport, 10 time champion coach. And

25
00:01:33,700 --> 00:01:37,320
we're gonna talk about movement recognition, coaching intelligence, artificial

26
00:01:37,460 --> 00:01:41,140
intelligence, athletic intelligence, and his podcast is now

27
00:01:41,140 --> 00:01:43,745
all TM ed for our use. Stephen

28
00:01:46,045 --> 00:01:49,645
Weber coming from California by way of the UK. Welcome to your

29
00:01:49,645 --> 00:01:53,165
first halo talks, my friend. Thanks so much. I'm I'm excited about this

30
00:01:53,165 --> 00:01:56,979
one. Awesome. So, you know, you've got a lot of experience,

31
00:01:57,439 --> 00:02:01,280
in the technology field. As we say with technology, technology is never

32
00:02:01,280 --> 00:02:05,039
done. It's kind of a, you know, a wet painting. So why

33
00:02:05,039 --> 00:02:08,800
don't you give, the people that don't know, about your

34
00:02:08,800 --> 00:02:12,584
background, and then we'll talk about a sensei. And as

35
00:02:12,584 --> 00:02:16,265
I looked up sensei, just to find the exact definition, just

36
00:02:16,265 --> 00:02:19,305
people who know their stuff. So we've got a guy here who knows his stuff,

37
00:02:19,305 --> 00:02:23,079
and he's going to share with us. So fire away. So

38
00:02:23,079 --> 00:02:26,760
brief background. My DNA has two strands

39
00:02:26,760 --> 00:02:30,200
like everyone else, but it's sport and tech. Right? So in in

40
00:02:30,200 --> 00:02:33,560
tech, my dad's retired now, but he was

41
00:02:33,560 --> 00:02:37,334
a a electrical engineer, electronics engineer, worked on helmet

42
00:02:37,334 --> 00:02:41,015
mounted displays for fighter aircraft in the seventies and the eighties.

43
00:02:41,015 --> 00:02:44,855
Right? So VR, basically. So I was the first

44
00:02:44,855 --> 00:02:48,534
kid in my town with a computer. I was always kinda tinkering around with

45
00:02:48,534 --> 00:02:51,959
computers when I was young, and that took me to

46
00:02:51,959 --> 00:02:55,340
University of Edinburgh studying computer science and electronics.

47
00:02:56,599 --> 00:03:00,439
I started my career in electronics as a chip designer. My mistakes

48
00:03:00,439 --> 00:03:03,420
were far too expensive, so I became a software engineer.

49
00:03:04,519 --> 00:03:07,955
Ultimately, built a company that I sold to

50
00:03:07,955 --> 00:03:11,715
Adobe. That's what took me to Adobe. And then my last real job

51
00:03:11,715 --> 00:03:14,135
before Asensy was was Microsoft.

52
00:03:15,315 --> 00:03:19,075
And all the while, I've you know, sport has just been a thread.

53
00:03:19,075 --> 00:03:22,760
And since I was a kid, I've always played, the sports that every

54
00:03:22,760 --> 00:03:26,280
kid played. But my I wouldn't even call it

55
00:03:26,280 --> 00:03:29,879
passion. My obsession was martial arts. I started judo when I was

56
00:03:29,879 --> 00:03:33,319
7, then jujitsu. And when I joined the

57
00:03:33,319 --> 00:03:37,065
university, I wanted to compete in a sport, so I kind of figured out which

58
00:03:37,065 --> 00:03:40,125
club was the best, which martial arts club was the most competitive.

59
00:03:41,065 --> 00:03:44,825
Joined the karate club, competed, captained. And as you said, I

60
00:03:44,825 --> 00:03:48,665
had the privilege of coaching at University of Edinburgh. I took the club to

61
00:03:48,665 --> 00:03:52,240
10 national championships. But the thing I'm most proud about, Pete, is when I moved

62
00:03:52,240 --> 00:03:55,840
to California, I'm most proud about the 8 championships the club won

63
00:03:55,840 --> 00:03:59,680
after I left because most of the coaches were my students, some

64
00:03:59,680 --> 00:04:03,520
of them since they were white belts. So, really proud of those wins as well.

65
00:04:03,520 --> 00:04:07,355
That's awesome. I think the thing about, when you think about karate schools,

66
00:04:07,355 --> 00:04:10,894
you know, in the US, they never close. So

67
00:04:11,194 --> 00:04:14,955
they definitely always have a pipeline of new students. I think they make a lot

68
00:04:14,955 --> 00:04:17,834
of margins on the different belts that you have to buy, the parents have to

69
00:04:17,834 --> 00:04:21,550
buy for the kids. And kids have a lot of

70
00:04:21,550 --> 00:04:25,230
confidence that are that are in karate. So I think there's underlying, you

71
00:04:25,230 --> 00:04:28,670
know, physical, emotional, and, you know, behavioral benefits to,

72
00:04:29,310 --> 00:04:33,070
to karate. I think some some parents maybe don't realize that, you know, when

73
00:04:33,070 --> 00:04:36,445
they their friends are going into karate. I think it's, you know, some

74
00:04:36,445 --> 00:04:40,145
kinda like, MMA or UFC type of, you know, venture.

75
00:04:40,605 --> 00:04:44,385
I would say any martial art. You know, there's just that. It's mindfulness

76
00:04:44,685 --> 00:04:47,985
and it's exercise and it's continuous progression.

77
00:04:48,285 --> 00:04:51,669
And I think myself, any of the instructors I've taught

78
00:04:51,669 --> 00:04:54,870
alongside or any of the students I've taught, we'd all say the same thing. It's

79
00:04:54,870 --> 00:04:58,629
shaped their life. It's not just been a physical exercise. So, yeah, that

80
00:04:58,629 --> 00:05:02,229
was it. So so so given your background, that you just

81
00:05:02,229 --> 00:05:05,965
explained to us, it also being at Microsoft, which basically you

82
00:05:05,965 --> 00:05:09,805
can say, like, an infrastructure company. Right? They're giving the tools and the

83
00:05:09,805 --> 00:05:13,565
weapons as we like to say to companies to basically build off of their their

84
00:05:13,565 --> 00:05:17,264
platform, and AWS and and everything related to,

85
00:05:17,324 --> 00:05:20,625
you know, Excel is not necessarily, you know, a graphic design.

86
00:05:21,620 --> 00:05:25,140
It's to actually use it to to compute. I was in the

87
00:05:25,140 --> 00:05:28,820
graphic design website business, and that that was not scalable. Yeah.

88
00:05:28,820 --> 00:05:32,660
So when you look at starting a sensei, you probably could have

89
00:05:32,660 --> 00:05:35,815
gone direct and say, hey. I'm gonna create the best technology. Let me just, you

90
00:05:35,815 --> 00:05:39,575
know, create my own brand. But you you purposely went, you know, to

91
00:05:39,575 --> 00:05:43,175
a b to b to c model to basically get the scale. And, also, you're

92
00:05:43,175 --> 00:05:46,855
interacting directly with coaches, which it sounds to me like that's part of

93
00:05:46,855 --> 00:05:50,150
your DNA. And I don't need to be the coach. I need to coach the

94
00:05:50,150 --> 00:05:53,910
coach. Right. And they need to proliferate. So talk about how that

95
00:05:53,910 --> 00:05:57,530
strategy has gone. Maybe talk about COVID explosion

96
00:05:57,670 --> 00:06:01,354
and and, you know, the the demand. And then we'll talk about kind

97
00:06:01,354 --> 00:06:04,955
of, you know, a normal status of what's going on. Yeah. And, you know, for

98
00:06:04,955 --> 00:06:08,315
anyone that doesn't know who Asensi is, and hopefully that's no one, but I'll assume

99
00:06:08,315 --> 00:06:11,995
that there's a few people out there, we are a movement

100
00:06:11,995 --> 00:06:15,810
recognition company. We've made human movement something a machine can understand

101
00:06:15,810 --> 00:06:18,850
have the benefits that you would have with having a a coach or a trainer

102
00:06:18,850 --> 00:06:21,010
in the room with you, but you don't need them in the room with you.

103
00:06:21,010 --> 00:06:24,130
And that, you know, has applications in health care, that has applications in fitness and

104
00:06:24,130 --> 00:06:25,680
sport, applications in VR and entertainment.

105
00:06:32,105 --> 00:06:35,785
So, I mean, it's interesting. When I was at Microsoft, I

106
00:06:35,785 --> 00:06:39,245
was tasked with building an innovation studio, a studio 415

107
00:06:39,465 --> 00:06:43,305
in San Francisco. And I got really exposed to a lot

108
00:06:43,305 --> 00:06:47,110
of technologies like Microsoft Connect, you know, using that camera under

109
00:06:47,110 --> 00:06:50,470
the TV on the Xbox to track your skeleton. Yeah. I got

110
00:06:50,470 --> 00:06:54,230
exposed early to the world of AI, and Right. This

111
00:06:54,230 --> 00:06:57,770
idea that we would have intelligent assistants, voices in our ear,

112
00:06:58,390 --> 00:07:01,450
that knew us and interacted with us and for us.

113
00:07:01,805 --> 00:07:05,485
And I just had that moment of a a problem I've always

114
00:07:05,485 --> 00:07:08,944
wanted to solve, which is, like, how can I scale coaching beyond

115
00:07:09,485 --> 00:07:13,245
hours I spend in the dojo on the mat? I think this can

116
00:07:13,245 --> 00:07:16,710
be done digitally now. But the problem with any, like,

117
00:07:16,770 --> 00:07:20,610
completely out there technology, nobody's thought of this before. Nobody's done

118
00:07:20,610 --> 00:07:24,210
this before. So you can't really be b to b from the start.

119
00:07:24,210 --> 00:07:28,044
You're asking people to put your technology inside their product, but

120
00:07:28,044 --> 00:07:31,085
they don't know what it does yet. So we had to start b to c,

121
00:07:31,085 --> 00:07:34,764
and we had to kinda show the world what the future could look like

122
00:07:34,764 --> 00:07:38,525
in one small area. And so we chose indoor rowing. Like and if

123
00:07:38,525 --> 00:07:42,090
I stood up, you would tell that I'm not an indoor roarer, but, I'm too

124
00:07:42,090 --> 00:07:45,610
short. But, we picked indoor rowing because farm and

125
00:07:45,610 --> 00:07:49,290
technique are super important. And if you can fix farm and technique, you go

126
00:07:49,290 --> 00:07:52,889
faster. Good farm is free speed. And so we

127
00:07:52,889 --> 00:07:56,485
went b to c. But then as you said, like, the pandemic

128
00:07:56,625 --> 00:08:00,145
was this moment of it's all going home. Like, you know,

129
00:08:00,145 --> 00:08:03,985
workouts are going home. Telehealth is going home. We need

130
00:08:03,985 --> 00:08:07,560
to move fast to that. We basically accelerated our

131
00:08:07,639 --> 00:08:11,240
strategy by a year or 2 of being an Ingredient brand in other people's

132
00:08:11,240 --> 00:08:14,840
technology, and here we are. You know, there's, you know, 14, 15

133
00:08:14,840 --> 00:08:18,360
enterprise customers, you know, the the companies you've heard of, Chris

134
00:08:18,360 --> 00:08:22,185
Hemsworth Center, PowerBlock, VertiMax, and new entrants

135
00:08:22,185 --> 00:08:25,865
like Alter and Bote, they're all using us as that,

136
00:08:26,264 --> 00:08:29,965
that, perception, layer of understanding

137
00:08:30,025 --> 00:08:33,245
what people are doing and then that coaching layer of giving them feedback.

138
00:08:34,030 --> 00:08:37,809
Yeah. What I I looked at your press kit, in preparation for this,

139
00:08:38,910 --> 00:08:42,530
yesterday, not, like, 5 minutes before, by the way, just so you know. Yeah.

140
00:08:42,830 --> 00:08:46,610
But you do make a, a call out to say, I'm not trying to

141
00:08:46,670 --> 00:08:50,385
I'm not trying to replace the human coach. And I feel like

142
00:08:50,385 --> 00:08:53,505
that was very deliberate. So you you you say, look. I can I can provide

143
00:08:53,505 --> 00:08:56,325
you with world class coaching, but I'm actually trying to disintermediate?

144
00:08:57,745 --> 00:09:00,945
Right. So how do you kinda convince someone that I'm not trying to create a

145
00:09:00,945 --> 00:09:04,740
virtual coach, but I'm kind of like a Tesla that has, like,

146
00:09:04,740 --> 00:09:08,073
an auto feature to it maybe. Yeah. I think that's a good

147
00:09:08,260 --> 00:09:12,020
driving. No. I think that's right. Analogy to say that, I guess. No.

148
00:09:12,020 --> 00:09:15,860
It's a good analogy. And increasingly, the phrase I'm hearing around AI is the notion

149
00:09:15,860 --> 00:09:19,105
of a copilot, like someone sat in the seat next to you. Right?

150
00:09:20,045 --> 00:09:23,405
And that's exactly it. Like, you know, you know, I'm a coach. I

151
00:09:23,405 --> 00:09:27,165
celebrate coaches. Like, my bookshelf is basically technology books

152
00:09:27,165 --> 00:09:30,845
and biographies of sports coaches. Right? So we definitely don't

153
00:09:30,845 --> 00:09:34,089
wanna be responsible for, replacing coaches.

154
00:09:34,470 --> 00:09:37,990
But the challenge, if you're a coach, is how does that knowledge scale and how

155
00:09:37,990 --> 00:09:41,690
do you coach beyond your ZIP code. Right? And only digital can do that.

156
00:09:41,990 --> 00:09:45,589
So we really do 3 things. The first is we capture your

157
00:09:45,589 --> 00:09:49,225
skeleton. We we have an understanding in real time of the shape your

158
00:09:49,225 --> 00:09:52,845
skeleton is in and the postures and movements and techniques that you're doing.

159
00:09:53,225 --> 00:09:56,985
We recognize that. We analyze that. But then what we do is we take

160
00:09:56,985 --> 00:10:00,685
the knowledge and expertise of a coach, of a specific

161
00:10:00,824 --> 00:10:04,440
coach, and we say, what would they say if they saw that?

162
00:10:04,740 --> 00:10:08,580
And then we're able to put the voice of that coach in your ear. You

163
00:10:08,580 --> 00:10:12,420
know, if you'd heard my venture pitch, 10 years ago, it's like,

164
00:10:12,420 --> 00:10:15,955
I imagine a future where my kid's, you know, taking 3 point

165
00:10:15,955 --> 00:10:19,475
shots at the basketball rim and the voice of Steph Curry in his in his

166
00:10:19,475 --> 00:10:23,155
ear giving them real time correction and coaching. And that's the that's the

167
00:10:23,155 --> 00:10:24,695
future that we're willing into.

168
00:10:28,110 --> 00:10:31,790
This is Pete Moore. I wanna let you in on a little secret. There's this

169
00:10:31,790 --> 00:10:35,089
company called Promotion Vault, and what they do is they give out rewards

170
00:10:35,390 --> 00:10:38,990
from retailers that allow you to incentivize your

171
00:10:38,990 --> 00:10:42,510
members without having to do zero down and 1 month

172
00:10:42,510 --> 00:10:46,014
free or giving away shakes or giving away t shirts.

173
00:10:46,154 --> 00:10:49,694
What you wanna do is build a rewards program that lasts,

174
00:10:49,915 --> 00:10:53,274
that people value, and that doesn't discount your own products and

175
00:10:53,274 --> 00:10:56,894
services. So here's the deal. There's something called Rewards Vault.

176
00:10:57,020 --> 00:11:00,620
The rewards vault is going to allow a member to set up their

177
00:11:00,620 --> 00:11:04,460
own profile. They are going to answer questions. You are gonna get those

178
00:11:04,460 --> 00:11:08,220
answers. You're gonna be able to target those members, and you're gonna reward

179
00:11:08,220 --> 00:11:12,045
them inside your club, inside your spa, and outside of

180
00:11:12,045 --> 00:11:15,825
the club and outside of the spa to get them to become loyal,

181
00:11:16,045 --> 00:11:19,405
to get them to pay their monthly dues, and to be

182
00:11:19,405 --> 00:11:23,085
rewarded properly for the actions. A lot of companies are cutting back on

183
00:11:23,085 --> 00:11:26,589
rewards. You shouldn't be. Promotion Vault's your answer. Trust

184
00:11:26,589 --> 00:11:27,810
me. This is real.

185
00:11:31,470 --> 00:11:34,589
I'm gonna go a little tangent for a second. I was talking to my nephew

186
00:11:34,589 --> 00:11:38,269
about this. You know, a lot of the connected fitness at

187
00:11:38,269 --> 00:11:42,035
home, has obviously trended downward because of people

188
00:11:42,035 --> 00:11:45,715
going back into the clubs. Is there athletes that you think

189
00:11:45,715 --> 00:11:49,495
would allow a consumer network to basically

190
00:11:50,115 --> 00:11:53,920
train with them real time? And what would somebody pay for that? So I

191
00:11:53,920 --> 00:11:56,880
said to my nephew, look. If you you're trying to train for the varsity basketball

192
00:11:56,880 --> 00:12:00,000
team. Let's see if you can get Steph Curry for the next 90 days. Like,

193
00:12:00,000 --> 00:12:03,040
if he's training at 4:30 in the morning, his coach sends out a text, we're

194
00:12:03,040 --> 00:12:06,560
all training at 4:30 in the morning, and you're actually watching him train. Do you

195
00:12:06,560 --> 00:12:10,285
think that athletes would potentially obviously, it's dollars and

196
00:12:10,285 --> 00:12:14,045
cents, but would they allow someone access to, like, that level of, like, hey.

197
00:12:14,045 --> 00:12:17,805
You're gonna train with me, but not, like, on, like, an asynchronous. You know?

198
00:12:17,805 --> 00:12:21,170
Here's a couple of videos for for that $29 a month, but you're gonna pay,

199
00:12:21,170 --> 00:12:24,930
like, $2,000. And you can be on a text server. And what when my trainer

200
00:12:24,930 --> 00:12:28,690
says, hey. We're gonna do a, you know, high intensity workout. This is what you

201
00:12:28,690 --> 00:12:31,410
need to bring. And you, like, get your shit together, and you go to your

202
00:12:31,410 --> 00:12:34,835
basement, and you do it with them. Could that is that something that's

203
00:12:34,835 --> 00:12:38,595
evolvable that's a word? I'm I mean, I think I mean,

204
00:12:38,595 --> 00:12:42,375
let's stick with Steph Curry. Good job. So let's stick with Steph Curry.

205
00:12:43,075 --> 00:12:45,895
Yeah. He did a master class. You can literally go into masterclass.com.

206
00:12:46,880 --> 00:12:50,480
But I remember watching that master class with a beer. You know, I certainly wasn't

207
00:12:50,480 --> 00:12:54,080
playing basketball, you know, and I and I loved watching it, and I loved, you

208
00:12:54,080 --> 00:12:57,440
know, I love him as a technician and as a coach. And it was fun,

209
00:12:57,440 --> 00:13:01,245
but I wasn't engaged and interactive in it. Right? And I think to your

210
00:13:01,245 --> 00:13:04,845
point, you know, can you train with someone, you know, real

211
00:13:04,845 --> 00:13:08,524
time online? You can. But the problem is, and it's a

212
00:13:08,524 --> 00:13:12,285
problem we solve, the problem is for the coach, everybody's a

213
00:13:12,285 --> 00:13:15,644
1 inch square on the screen. It's very hard to see what they're doing.

214
00:13:15,644 --> 00:13:19,300
Right? Now with a technology like Asensi, again,

215
00:13:19,300 --> 00:13:23,060
we we call this use case the super coach. The super coach

216
00:13:23,060 --> 00:13:26,120
use case is the idea that on behalf of the coach,

217
00:13:26,500 --> 00:13:29,640
Asensi is watching every single one of those 1 inch squares,

218
00:13:30,324 --> 00:13:34,165
but not delivering the feedback necessarily to the consumer or or

219
00:13:34,165 --> 00:13:38,005
to the athlete. If you've got a coach in the room, bring that knowledge

220
00:13:38,005 --> 00:13:41,524
and expertise to the coach in the room. So the coach is like, hey. Pete

221
00:13:41,524 --> 00:13:45,300
in square number 4 is, over rotating his hips on his

222
00:13:45,300 --> 00:13:48,900
reverse punch, and then the coach can watch and intervene,

223
00:13:48,900 --> 00:13:52,740
and they can deliver you that feedback. So it feels like personal

224
00:13:52,740 --> 00:13:56,180
training to you, but you're using AI to watch the room. Does that make

225
00:13:56,180 --> 00:14:00,025
sense? It does, except my reverse lunge is excellent, by the way.

226
00:14:00,025 --> 00:14:03,785
So I said reverse lunge. Oh, okay. Okay. Okay. I'll

227
00:14:03,785 --> 00:14:07,625
be the judge of that. Yeah. As you

228
00:14:07,625 --> 00:14:11,360
kinda went through COVID, saw the explosion there, probably

229
00:14:11,360 --> 00:14:14,420
knowing given your background, like, this isn't gonna last forever.

230
00:14:15,120 --> 00:14:18,240
Some of your clients are bricks and mortar. You know? We know the guys at

231
00:14:18,240 --> 00:14:21,855
at BOUT. They're building studios. You've got concept

232
00:14:21,855 --> 00:14:25,555
2 and rowing that basically has been a, you know, a traditionally,

233
00:14:26,335 --> 00:14:30,175
you know, equipment business that, you know, stays within the lines,

234
00:14:30,175 --> 00:14:33,775
you know, before doing a deal with Forte or some of the other technology Right.

235
00:14:33,855 --> 00:14:37,589
Partnerships that they've done. So if you take a look at a sensei and say,

236
00:14:37,589 --> 00:14:41,270
okay. I got 15 enterprise companies, and and you say,

237
00:14:41,270 --> 00:14:45,029
alright. Where's the growth gonna come from? Or, you know, what bets am I making?

238
00:14:45,029 --> 00:14:48,615
Or how do you think about it, like, from a 30,000 view? Is the technology

239
00:14:48,755 --> 00:14:51,475
gonna go down to the bricks and mortar and bricks and mortar is gonna go

240
00:14:51,475 --> 00:14:54,675
back out? You know, bricks and mortar is not going away. I I I work

241
00:14:54,675 --> 00:14:58,274
out better in a group. And it seems to me like you're almost

242
00:14:58,274 --> 00:15:01,960
like agnostic as long as the technology is being deployed. Is that

243
00:15:01,960 --> 00:15:05,800
accurate? And and how do you pitch that? It is accurate, but I I I

244
00:15:05,880 --> 00:15:09,720
so I position this differently. Everyone loves, like, good versus evil, like dark

245
00:15:09,720 --> 00:15:13,480
versus light, connected fitness versus brick and mortar. And I just think that's the wrong

246
00:15:13,480 --> 00:15:16,215
way to look at the opportunity in front of us.

247
00:15:17,335 --> 00:15:21,015
You know, my entire career, and it goes back, has

248
00:15:21,015 --> 00:15:24,535
been in digital transformation. 1st, ecommerce, then

249
00:15:24,535 --> 00:15:28,295
financial services and travel. And history leaves

250
00:15:28,295 --> 00:15:31,835
clues. The digital transformation of any industry looks the same.

251
00:15:32,890 --> 00:15:36,490
And actually, at the Connected Health and Fitness Summit this year, this is what I

252
00:15:36,490 --> 00:15:40,270
presented. It's the notion of, the the technology adoption

253
00:15:40,330 --> 00:15:43,930
curve. And with the technology adoption curve, forget for a

254
00:15:43,930 --> 00:15:47,495
moment, whether it's at home or whether it's happening in

255
00:15:47,495 --> 00:15:51,035
brick brick and mortar, it's digital. And so you have the pioneers

256
00:15:51,175 --> 00:15:54,555
first, then the pioneers are the Pelotons, the Tonos, the Hydros.

257
00:15:54,935 --> 00:15:57,915
And they're the ones that had the courage to say, what if it was different?

258
00:15:58,260 --> 00:16:02,020
Okay? And at that moment, everybody else is like, this is stupid. Who

259
00:16:02,020 --> 00:16:04,820
wants a screen on a bike or to you know, if I wanna row on

260
00:16:04,820 --> 00:16:07,620
a river, I'll row on a river. Like, why would I do it, you know,

261
00:16:07,620 --> 00:16:11,460
at home? Sure. But what starts to happen when the mass

262
00:16:11,460 --> 00:16:15,025
market emerges is some of the pioneers make it and some of them

263
00:16:15,025 --> 00:16:18,405
don't as we know, but the the mass market

264
00:16:19,585 --> 00:16:23,365
constitutes as much the legacy brands as it does the pioneers.

265
00:16:23,505 --> 00:16:26,970
The legacy brands get digital, and they start looking to companies like

266
00:16:26,970 --> 00:16:30,730
Asensi to say Sure. How can I do in a month what Peloton maybe took

267
00:16:30,730 --> 00:16:34,570
18 months and 1,000,000 of dollars to do? And I always encourage

268
00:16:34,570 --> 00:16:38,329
us to use ecommerce as the analogy. Right? Who are the brands that

269
00:16:38,329 --> 00:16:42,024
people are buying online from an ecommerce? The biggest brand is not Amazon

270
00:16:42,024 --> 00:16:45,464
and Zappos. It's Macy's and Kohl's. Okay? And we yeah. And

271
00:16:45,464 --> 00:16:49,225
and 20 years ago, we were trying to tell the story that, like, Macy's

272
00:16:49,225 --> 00:16:53,005
and Kohl's would disappear because Amazon would take over, retail,

273
00:16:53,680 --> 00:16:57,280
online, and that's just not the case. So, yes, we work in brick and

274
00:16:57,280 --> 00:17:01,040
mortar and we work in digital, but more importantly, we're crossing the

275
00:17:01,040 --> 00:17:04,720
chasm into the mass market. And it doesn't matter where

276
00:17:04,720 --> 00:17:07,760
the consumer is. You need to meet them where they are, and we have an

277
00:17:07,760 --> 00:17:11,575
opportunity to elevate their experience with digital at every single

278
00:17:11,575 --> 00:17:15,415
touch point. I mean, it's such a good, history lesson,

279
00:17:15,415 --> 00:17:18,715
and and a lot of people don't follow history. I watch a lot of documentaries

280
00:17:18,935 --> 00:17:22,300
just to see how things evolved, you know, or,

281
00:17:22,780 --> 00:17:26,540
you know, civil engineering projects that you know, the water

282
00:17:26,540 --> 00:17:29,820
that goes into New York City actually goes underneath the Hudson River, you know, and

283
00:17:29,820 --> 00:17:33,660
somebody built that, you know, a 100 years ago. All the water that's coming from,

284
00:17:33,660 --> 00:17:37,424
you know, to California, Nevada, and Arizona

285
00:17:37,424 --> 00:17:40,865
is literally like a you know, it it's pulled up by, like, a a latch

286
00:17:40,865 --> 00:17:44,705
that was built, and people are fighting over that that, that

287
00:17:44,705 --> 00:17:48,065
that that pipe, basically, that's doing that. If you take a look at, like,

288
00:17:48,065 --> 00:17:51,690
PalmPilot and Blackberry, you know, it's like 1,000,000,000 of dollars of

289
00:17:51,690 --> 00:17:55,370
venture capital saying, like, we are going to be the next at the

290
00:17:55,370 --> 00:17:59,050
time, probably Nokia. Right? And then Apple said, hey. I'm gonna actually make this, you

291
00:17:59,050 --> 00:18:02,650
know, like, an art product, and I'm going to basically sell

292
00:18:02,650 --> 00:18:06,475
you an an experience. But they basically leverage off of everyone

293
00:18:06,475 --> 00:18:10,315
else's r and d and and lack of understanding the

294
00:18:10,315 --> 00:18:14,015
consumer. So I think it's interesting that you say that because I remember that,

295
00:18:14,475 --> 00:18:18,210
you know, Peloton actually approached SoulCycle and said,

296
00:18:18,210 --> 00:18:22,049
hey. Why don't you put all your content on on our bikes?

297
00:18:22,049 --> 00:18:25,250
And SoulCycle, basically, you don't kick them out of the room saying, I'm SoulCycle. You

298
00:18:25,250 --> 00:18:28,950
know, you're you're nobody. And I would you know, probably at the time, SoulCycle

299
00:18:29,090 --> 00:18:32,470
should have done that instead of trying to compete just on 20% of Peloton.

300
00:18:32,725 --> 00:18:36,264
And like I said, history. Right? Right? Where's the cost in retail? Blockbuster

301
00:18:36,725 --> 00:18:40,485
passed on the opportunity to buy Netflix for $50,000,000. Yeah.

302
00:18:40,485 --> 00:18:43,924
People need to watch these types of documentaries to understand, like, where they're

303
00:18:43,924 --> 00:18:47,700
positioned. At the same time, Blockbuster couldn't spend $1,000,000,000 because they're a

304
00:18:47,700 --> 00:18:51,240
publicly traded company and people would would destroy the stock,

305
00:18:52,019 --> 00:18:55,460
you know, on losses. So it's interesting. We do this in our Halo

306
00:18:55,460 --> 00:18:59,015
Academy, class that Peloton existed

307
00:18:59,075 --> 00:19:02,835
because Life Fitness and, you know, they're based on cash flow

308
00:19:02,835 --> 00:19:06,435
and EBITDA. You can't you can't be based on cash flow and EBITDA and and

309
00:19:06,435 --> 00:19:10,215
get board approval, you know, to to go into this type of venture.

310
00:19:11,080 --> 00:19:14,920
You know, as you look into digital transformation right now, and you say that the

311
00:19:14,920 --> 00:19:18,700
traditional companies, whether you you can name names or not,

312
00:19:19,080 --> 00:19:22,860
do the digital companies I'm sorry. Do the do the traditional

313
00:19:22,920 --> 00:19:26,705
companies, you know, whether it's like Matrix, whether that's Precor, whether that's Life

314
00:19:26,705 --> 00:19:29,985
Fitness, do they still feel like they're they're trying to catch up, or do they

315
00:19:29,985 --> 00:19:33,585
think like, I'm here now? Like, I made it. Well, this is the interesting thing

316
00:19:33,585 --> 00:19:37,309
about digital transformation is, you

317
00:19:37,309 --> 00:19:41,070
know, it's kinda like bankruptcy. Right? It's like slow then sudden.

318
00:19:41,070 --> 00:19:44,750
Okay? And a a good analogy would be, you know, I

319
00:19:44,750 --> 00:19:48,110
don't know if you knew of Inspire Fitness. Inspire was a bunch of ex pre

320
00:19:48,110 --> 00:19:51,885
core guys making performance racks and strength training equipment. And

321
00:19:51,885 --> 00:19:55,725
they're a great example of what I would call a legacy brand, your

322
00:19:55,725 --> 00:19:59,565
traditional legacy brand. And High Coast Capital came along and did

323
00:19:59,565 --> 00:20:03,325
an m and a of Chris Hemsworth's Center and Inspire Fitness and kept

324
00:20:03,325 --> 00:20:07,090
the Center brand, you know, because it's such a strong

325
00:20:07,090 --> 00:20:10,610
brand. But I think that's a great example of what happens as the

326
00:20:10,610 --> 00:20:13,750
category crosses the chasm as you see legacy

327
00:20:14,210 --> 00:20:17,750
brands doing m and a or acquisition of digital brands

328
00:20:18,050 --> 00:20:21,424
and putting the 2 together. And and as a customer,

329
00:20:21,804 --> 00:20:25,645
technologies like Asensy become that connective tissue between physical

330
00:20:25,645 --> 00:20:28,945
and digital. Right? It's like we don't have to go and build an AI department.

331
00:20:29,005 --> 00:20:32,445
We can pay for this, you know, as a monthly recurring

332
00:20:32,445 --> 00:20:36,260
fee, for for software. And you will see a lot more of that.

333
00:20:36,260 --> 00:20:40,020
2 of our other customers, I would mention, are VertiMax and

334
00:20:40,020 --> 00:20:43,460
PowerBlock. Like, they don't have Bluetooth or sensors or

335
00:20:43,460 --> 00:20:46,895
batteries or charging cradles. But just using the camera on a

336
00:20:46,895 --> 00:20:50,655
smartphone, we can tell what weight you've got in your hands or we

337
00:20:50,655 --> 00:20:54,115
can tell you how high you've jumped, and you don't need a force match. So

338
00:20:54,335 --> 00:20:57,855
the the opportunity for these legacy brands that have huge install

339
00:20:57,855 --> 00:21:01,630
bases, they're profitable, they've got loyal customer followings

340
00:21:01,690 --> 00:21:05,370
and product end market, and they can turn on digital with companies like

341
00:21:05,370 --> 00:21:09,049
Asensi overnight. That's amazing. Let let

342
00:21:09,049 --> 00:21:12,830
me, throw out a quote that I gave at the, connected fitness conference,

343
00:21:13,290 --> 00:21:16,995
summit, 2 years ago. Everyone was talking about AI, and I said that

344
00:21:16,995 --> 00:21:20,294
health club operators are in the room. I said, you can't have artificial

345
00:21:20,515 --> 00:21:24,115
intelligence until you have intelligence. Right? I mean, it's like, I'm

346
00:21:24,115 --> 00:21:27,794
building upon it. It doesn't just show up. So as

347
00:21:27,794 --> 00:21:31,419
you look at at the bricks and mortar players and

348
00:21:31,419 --> 00:21:35,100
you say, okay. Look. I'm gonna get your skeletal structure of every one of your

349
00:21:35,100 --> 00:21:38,940
your members and your your clients. I'm going to layer that

350
00:21:38,940 --> 00:21:42,400
on with everything else that you know is basically going into my system.

351
00:21:42,940 --> 00:21:46,725
What are some of the things that you're shocked that people aren't providing

352
00:21:46,725 --> 00:21:50,405
to you or that, you know, is an moment that is not an moment,

353
00:21:50,405 --> 00:21:54,005
but it's a demand that you make? I mean, I

354
00:21:54,005 --> 00:21:57,845
think, you know, anyone that's walking into a gym in a health club and, you

355
00:21:57,845 --> 00:22:01,610
know, talking about AI, you're you're speaking a foreign language.

356
00:22:01,610 --> 00:22:05,150
You're having the wrong conversation. I mean, I'm a deep technologist,

357
00:22:05,850 --> 00:22:09,130
but I don't speak to my customers about technology. I speak to them about what's

358
00:22:09,130 --> 00:22:12,730
the problems you want to solve. Is it customer acquisition? Is it engagement? Is it

359
00:22:12,730 --> 00:22:16,505
retention? Is it driving people towards, more personal training?

360
00:22:16,725 --> 00:22:20,404
Is it more visits per month? So those are those

361
00:22:20,404 --> 00:22:24,245
are consumer needs. Those are unmet consumer needs. And the question we ask

362
00:22:24,245 --> 00:22:27,790
ourselves is, what's the technology we can deploy that will

363
00:22:27,790 --> 00:22:31,630
elevate the experience and meet those unmet needs? And so, you know, if

364
00:22:31,630 --> 00:22:35,310
I'm talking to brick and mortar, it's like, what if we start

365
00:22:35,310 --> 00:22:39,070
with just having a warm up floor where as people are warming

366
00:22:39,070 --> 00:22:42,805
up, they're being given prescribed exercises because we're looking at them warming

367
00:22:42,805 --> 00:22:46,005
up and seeing where there's tightness. If in

368
00:22:46,165 --> 00:22:49,925
intimidation or gym intimidation is a big problem. Right? People, I'd I'd

369
00:22:49,925 --> 00:22:53,605
love to do a yoga class at my gym, but I don't wanna look

370
00:22:53,605 --> 00:22:57,280
stupid. Teach them at home with a technology like Asensio. Let

371
00:22:57,280 --> 00:23:01,120
us teach them the pauses and get them moving correctly so that when

372
00:23:01,120 --> 00:23:04,960
they walk into their first class, a, they know what they're doing, and,

373
00:23:04,960 --> 00:23:08,640
b, there's a handshake to the instructor. This is Steven. He's

374
00:23:08,640 --> 00:23:12,455
brand new. He seems to have tight shoulders, and so queue him

375
00:23:12,455 --> 00:23:15,755
appropriately in a downward dog. And now that member experience

376
00:23:16,375 --> 00:23:20,055
is seamlessly ebbing and flowing between digital and physical, but more

377
00:23:20,055 --> 00:23:23,275
importantly, we solve the customer acquisition and engagement problems.

378
00:23:23,750 --> 00:23:26,550
Yes. I mean, one of the things I like about what you're touching on here,

379
00:23:26,550 --> 00:23:29,190
and we tell this to everyone who comes to us with the business plan that

380
00:23:29,190 --> 00:23:32,950
they're looking to to get funded. It's like, what is the frustration that you

381
00:23:32,950 --> 00:23:36,710
are solving? Like, that is that is a company that is a business. It's

382
00:23:36,710 --> 00:23:40,165
not, hey. I'm gonna do aerial yoga. I'm gonna put it on a SoulCycle bike,

383
00:23:40,165 --> 00:23:43,765
and I'm like, did that solve anything for you? Have has that achieved anything for

384
00:23:43,765 --> 00:23:47,605
you personally that you think that is a concept that that has

385
00:23:47,605 --> 00:23:51,445
results or a reason to to get funded? You know, as you look

386
00:23:51,445 --> 00:23:55,240
at, you're so deep into the to the fitness space, and then you've

387
00:23:55,240 --> 00:23:58,760
also got companies that are obviously deep into, like, open AI and

388
00:23:58,760 --> 00:24:02,600
and providing AI solutions for companies. Do

389
00:24:02,600 --> 00:24:05,880
do you end up do you end up partnering with those companies? Are they kinda

390
00:24:05,880 --> 00:24:09,434
layered on top of or underneath your database? How do you stay

391
00:24:10,294 --> 00:24:14,135
ahead or on par on the AI side? I I keep reading these articles

392
00:24:14,135 --> 00:24:17,815
about how much it costs to, like, you know, teach teach the language

393
00:24:17,815 --> 00:24:21,495
and, you know, data centers, you know, and the amount of processing that that goes

394
00:24:21,495 --> 00:24:24,590
on. So how do how do you do that effectively? And, also, as a follow-up

395
00:24:24,590 --> 00:24:27,309
question, how do you get people to understand that they gotta pay for this? Like,

396
00:24:27,309 --> 00:24:31,149
it's not $99 a month. Yeah. So, that's why I

397
00:24:31,149 --> 00:24:34,909
have a good salesperson. So, I mean, I think to your first question,

398
00:24:34,909 --> 00:24:38,715
like, do we build on other people's AI? Like, you know, the technology industry has,

399
00:24:38,794 --> 00:24:42,635
you know, continuously stood on the shoulders of giants. Right? If you're trying

400
00:24:42,635 --> 00:24:46,475
to build things yourself, that you could build on from

401
00:24:46,475 --> 00:24:50,075
someone else, what are you doing? And I say that to our customers. It's like,

402
00:24:50,075 --> 00:24:53,600
what do you mean you're gonna build your I I won't name any customers, but

403
00:24:53,600 --> 00:24:57,440
they know who they are if they're listening. But customers, we have spent, you know,

404
00:24:57,440 --> 00:25:01,200
18 months, 2 years, big teams trying to build something that we could have

405
00:25:01,200 --> 00:25:04,720
had them live within a month, and it would have been better because that's all

406
00:25:04,720 --> 00:25:08,465
we do. And so, yeah, we build on underlying AI. We

407
00:25:08,465 --> 00:25:12,305
build on underlying open source models, but you need to know and this is true

408
00:25:12,305 --> 00:25:15,345
for any company. Right? Pete, you need to know what's the value that you're adding

409
00:25:15,345 --> 00:25:19,070
and the value that you're creating. And for us, the hard part of

410
00:25:19,070 --> 00:25:22,910
the problem like, anyone can show a skeleton on screen with dots

411
00:25:22,910 --> 00:25:26,290
on their shoulders and joints, and it looks like you've solved the problem.

412
00:25:27,710 --> 00:25:31,485
I I always use speech recognition as the analogy to movement recognition. And

413
00:25:31,485 --> 00:25:35,325
when you have a skeleton dancing on the screen, congratulations. You've done the equivalent

414
00:25:35,325 --> 00:25:39,165
of plugging a microphone into a PC. You've just captured something analog and

415
00:25:39,165 --> 00:25:42,685
made it digital. You don't know anything about what that

416
00:25:42,685 --> 00:25:46,290
person's actually saying. You don't know how to reply to them. For us,

417
00:25:46,510 --> 00:25:49,970
the core intellectual property is how do we teach a machine biomechanics?

418
00:25:50,270 --> 00:25:53,550
And I'm not telling you how we do it, but we do it. And we

419
00:25:53,550 --> 00:25:57,230
teach a machine the underlying biomechanics of a movement so that I

420
00:25:57,230 --> 00:26:01,054
can watch you do a lunge or do a punch or throw a

421
00:26:01,054 --> 00:26:04,815
roundhouse kick on a boat bag and know that you're doing it,

422
00:26:04,815 --> 00:26:08,654
how well you're doing it, and what should what should you learn next. And

423
00:26:08,654 --> 00:26:12,470
if we can just iterate on that problem, you know, that

424
00:26:12,470 --> 00:26:15,929
that that spans across every, movement modality

425
00:26:16,149 --> 00:26:16,649
possible.

426
00:26:20,309 --> 00:26:23,929
This is Pete Moore. Here's the last tip for you of the podcast.

427
00:26:24,455 --> 00:26:28,295
We are partnered up with a company called Higher Dose, higher dose

428
00:26:28,295 --> 00:26:31,655
dot com. They are the leader in workout

429
00:26:31,655 --> 00:26:35,335
recovery products, infrared technology, LED

430
00:26:35,335 --> 00:26:38,935
light masks, neck enhancers, and other

431
00:26:38,935 --> 00:26:42,660
products, such as PMF mats and sauna blankets.

432
00:26:43,120 --> 00:26:46,640
If you have not gotten on the workout recovery train

433
00:26:46,640 --> 00:26:50,480
yet, your time and your stop is now. You gotta

434
00:26:50,480 --> 00:26:54,240
get these products in there before these workout recovery and spas end

435
00:26:54,240 --> 00:26:57,965
up saturating your market, having your members walk out of the club and

436
00:26:57,965 --> 00:27:01,405
going into one of their locations for $200 per

437
00:27:01,405 --> 00:27:04,925
month where they're paid 39 to you. Let's become an

438
00:27:04,925 --> 00:27:08,605
expert in workout recovery if we are already an authority in

439
00:27:08,605 --> 00:27:12,350
workouts. Higher dose, check it out. There's a

440
00:27:12,350 --> 00:27:15,870
wholesale code, and we look forward to helping

441
00:27:15,870 --> 00:27:19,550
you augment your products and services to meet the demands of

442
00:27:19,550 --> 00:27:23,330
your members. And, hey, let's get people happy, healthy,

443
00:27:23,390 --> 00:27:27,164
and sweating, and the recovery should be just as good as the workout.

444
00:27:30,905 --> 00:27:34,424
So so let's say I own 10 clubs in Florida, which I

445
00:27:34,424 --> 00:27:38,170
don't. And, I wanna deploy a sensei.

446
00:27:38,170 --> 00:27:41,930
What what give me a range of, like, what's my capital investment? What

447
00:27:41,930 --> 00:27:45,530
what what cameras do I need? You know, who who are

448
00:27:45,530 --> 00:27:49,050
you interfacing with? I might not have a CTO. I might have

449
00:27:49,050 --> 00:27:52,865
somebody on my team that, you know, is working with vendors and, you know, is,

450
00:27:52,865 --> 00:27:56,545
like, trying to plug things together. So Right. How do those conversations go?

451
00:27:56,545 --> 00:28:00,145
Or is there, like, a a threshold? And we've had we have this in our

452
00:28:00,145 --> 00:28:03,505
business where I I can't really help you unless you have 3,000,000 of EBITDA. Like,

453
00:28:03,505 --> 00:28:07,160
I don't raise money for seed capital, and I don't, you know, do

454
00:28:07,300 --> 00:28:10,980
$100,000,000 EBITDA deals because that's gotta be a big bank in this financing.

455
00:28:10,980 --> 00:28:13,700
That's true. So I mean, like, a sweet spot, and that's my sweet spot. So

456
00:28:13,700 --> 00:28:17,395
what's a sweet spot for Sensei? I mean, yeah,

457
00:28:17,395 --> 00:28:20,995
I'm not gonna I'm not gonna share pricing, directly on

458
00:28:20,995 --> 00:28:24,695
a on a podcast. But what I yeah. But what I would say is,

459
00:28:25,155 --> 00:28:28,595
because it depends on the use case. I mean, essentially, we price ourselves as a

460
00:28:28,595 --> 00:28:32,360
usage model. Right? We wanna create value and share and the value that we

461
00:28:32,360 --> 00:28:36,120
create. We're not trying to, our goal, and this should be

462
00:28:36,120 --> 00:28:39,320
everyone's goal. Our goal is not how do I take a rake on the revenue

463
00:28:39,320 --> 00:28:42,919
that you're already making from your members. It's like, how can I raise the

464
00:28:42,919 --> 00:28:46,495
revenue that you're getting from your members because you're acquiring more members, because they're coming

465
00:28:46,495 --> 00:28:50,095
more often, or because we're we're lowering your charm? And if I can do

466
00:28:50,095 --> 00:28:53,715
that, share it with me. And so that's how we encourage,

467
00:28:53,855 --> 00:28:57,395
like, all of our customers, especially in brick and mortar, to think about this

468
00:28:57,455 --> 00:29:00,975
is let us raise your revenue. Now don't ask yourself how much is this gonna

469
00:29:00,975 --> 00:29:04,779
cost. It's like how much is it gonna make. In terms of infrastructure,

470
00:29:04,840 --> 00:29:08,679
that's the beautiful thing. You know, we've we've got partners

471
00:29:08,679 --> 00:29:12,440
that we've worked with in the past, including Intel, who with

472
00:29:12,440 --> 00:29:15,795
6 or 7 low cost cameras, I'm talking like $200

473
00:29:16,095 --> 00:29:19,695
cameras in a room, we can motion track everyone in that

474
00:29:19,695 --> 00:29:23,395
room. And the experience you might deliver doesn't have to be

475
00:29:23,455 --> 00:29:27,135
everybody suddenly in the room with their own earpiece listening to AI in the

476
00:29:27,135 --> 00:29:30,929
sky. Remember the super coach. Like, I could have 20 people on

477
00:29:30,929 --> 00:29:34,770
rowing machines in a dark room, and the coach knows to

478
00:29:34,770 --> 00:29:38,390
walk over to Pete and say, Pete, you're not pressing with your legs.

479
00:29:39,250 --> 00:29:42,450
You're opening your back too early. How did the coach know to walk over to

480
00:29:42,450 --> 00:29:45,865
you in the dark room? Because the Sensei saw you on the camera and and

481
00:29:45,865 --> 00:29:49,465
and directed them to you. So how do I increase the engagement between your

482
00:29:49,465 --> 00:29:52,905
coaches and your athletes so members feel like they had a more personal treatment and

483
00:29:52,905 --> 00:29:56,664
they're more engaged and they don't turn out? You know, that's a camera in the

484
00:29:56,664 --> 00:30:00,365
sky problem. Yeah. Without without naming a specific

485
00:30:00,424 --> 00:30:04,100
client, what is one of the best, you know,

486
00:30:04,880 --> 00:30:08,559
moments that you've had or say like, wow. Like, we took this club from x

487
00:30:08,559 --> 00:30:12,399
amount of, you know, retention to this amount of retention, or we've got

488
00:30:12,399 --> 00:30:16,085
these amount of people results in that. Like, even, you know, flattered me as, you

489
00:30:16,085 --> 00:30:19,705
know, knowing that that it's got deployed properly. Well, give give us, like, a takeaway.

490
00:30:20,325 --> 00:30:24,085
You know, privacy and recency. Right? I'm gonna tell you about something that happened

491
00:30:24,085 --> 00:30:26,805
last night. So we're I won't see who it's for, but for one of our

492
00:30:26,805 --> 00:30:30,630
customers, we're in the midst of consumer text. So we just literally have

493
00:30:31,030 --> 00:30:34,790
strangers off the street walking in who have no idea about the product or what's

494
00:30:34,790 --> 00:30:37,990
possible, and we just say, you know, you're gonna do a workout for half an

495
00:30:37,990 --> 00:30:41,750
hour and you're gonna tell us about that afterwards. And,

496
00:30:41,750 --> 00:30:45,535
you know, the metric that matters for us is net promoter score. How likely

497
00:30:45,535 --> 00:30:49,135
are you to recommend, the experience you just had to someone

498
00:30:49,135 --> 00:30:52,975
else? And right now, the net promoter scores are all nines and

499
00:30:52,975 --> 00:30:56,815
tens. Like, that's the moment for me. And that's on

500
00:30:56,815 --> 00:31:00,550
a you know, for the customer, that's for an experience where we're saying,

501
00:31:00,550 --> 00:31:04,390
like, this is the price of admission baseline experience that you should deliver

502
00:31:04,390 --> 00:31:07,990
that will raise the bar in the industry, and then you can do this and

503
00:31:07,990 --> 00:31:11,670
this and this and this and this, but the baseline experience has an NPS

504
00:31:11,670 --> 00:31:15,515
of 9 or 10 so far. And I knew that, but I

505
00:31:15,515 --> 00:31:19,035
love hearing it. I I love having videos of consumers kinda sitting

506
00:31:19,035 --> 00:31:22,635
sweating, you know, telling you, how much they

507
00:31:22,635 --> 00:31:26,015
enjoyed that experience they just had. So that makes me super bullish,

508
00:31:28,240 --> 00:31:31,920
on where things are going. So in the interest of time, because we

509
00:31:31,920 --> 00:31:35,760
wanna give people, you know, a little teaser here, we'll close. But what I wanna

510
00:31:35,760 --> 00:31:39,040
just articulate is when you go to a trade show as a

511
00:31:39,465 --> 00:31:41,865
not to you, but to to the audience. So when you go to a trade

512
00:31:41,865 --> 00:31:44,745
show and you walk around, I want you to think about it as going to

513
00:31:44,745 --> 00:31:48,284
a weapons trade show, and these are all weapons. There's technology

514
00:31:48,424 --> 00:31:52,200
weapons. There's physical weapons. There's, you know, coaching and

515
00:31:52,200 --> 00:31:56,040
staffing. But but everything's a weapon in in deploying for your success.

516
00:31:56,040 --> 00:31:59,480
And I think, you know, you're kind of like the central nervous system, if you

517
00:31:59,480 --> 00:32:03,160
will, of that connectivity as well as kinda like the

518
00:32:03,160 --> 00:32:06,835
CIA at the same time of of your members, you know, movement

519
00:32:07,055 --> 00:32:10,655
and, coaching intelligence. So we're gonna we're gonna trademark the

520
00:32:10,655 --> 00:32:14,495
entire podcast here. And, love what you're doing, and I'm

521
00:32:14,495 --> 00:32:18,095
glad the industry has finally kinda gotten to a point where

522
00:32:18,095 --> 00:32:21,940
everyone's listening, and there are people now deploying. And I think

523
00:32:21,940 --> 00:32:25,700
it's now understood that this is mandatory. It's not optional, and

524
00:32:25,700 --> 00:32:29,000
it's not going away. So thank you for your

525
00:32:29,059 --> 00:32:32,660
contributions to the halo sector. We'd like you to use the term halo as

526
00:32:32,660 --> 00:32:36,375
much as possible. And we are creating a halo effect, and you are scaling the

527
00:32:36,375 --> 00:32:39,735
halo effect. So appreciate what you're doing, and it's great to, talk to you about

528
00:32:39,735 --> 00:32:43,035
this. Awesome. Thanks for your time. Thanks, man.