Co-founder and CEO
Location: New York, NY
The word peloton describes the main group of riders in a bicycle race, who are able to go faster by sticking together. John Foley has adopted this approach when it comes to leading his team at Peloton Cycle. “We have no egos. … Just really committed, team-y people who are smart, ambitious and good at what they do,” says Foley. The company built its new headquarters to have an open office design that reflects its open culture of communication. In line with that, Foley sends out regular all-staff emails and holds meetings that give employees the chance to ask him any questions they might have. This is all in the name of transparency. In addition, Foley says he doesn’t believe in performance reviews, and Peloton has no vacation policy. Outside the office, employees enjoy each other’s company at local bars, restaurants and organized staff outings like bowling nights, summer rooftop parties and boat rides.