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WHOOP Founder Will Ahmed26 January 2023

WHOOP Founder Will Ahmed: How I Built A $3.6 BILLION Company

5Frameworks
12Insights

Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Explainer· 1

Explainer47:30

The Same Diet Wrecked LeBron and Transformed Ray Allen

Asked to adjudicate between vegan, carnivore, and plant-based diets, Ahmed says the data shows diet is highly personal: two people on identical diets can experience literally the opposite effects. His example is LeBron James getting very skinny around the Olympics after teammate Ray Allen, who was obsessed with paleo, got him onto it. Paleo was amazing for Ray and terrible for LeBron. Ahmed's own approach is unglamorous: three meals a day, a Mediterranean-style pattern of meat, fish, and vegetables, carbs included, minimal calories from drinks, mostly water and coffee. He adds that diet is far easier if you actually like the right foods, since you can then eat until full rather than counting calories.

  • Identical diets can produce literally opposite effects in two people.
  • Paleo transformed Ray Allen and was terrible for LeBron James.
  • Ahmed eats three meals a day on a Mediterranean-style pattern.
  • He drinks almost no calories, mostly water and coffee.
  • Liking the right foods removes the need to count calories.

the data says it's highly personal so you could put two people on identical diets and they could have literally the exact opposite effects on…

Will Ahmed · 48:00

it was amazing for Ray terrible for LeBron like terrible

Will Ahmed · 48:30
#nutrition#personalization#performance

Story· 6

Story3:30

Why WHOOP Started With the Best Athletes in the World

WHOOP spent two to three years on its V1 before deliberately launching into professional athletes rather than consumers. Ahmed had two reasons: athletes who must perform daily genuinely needed sleep and recovery data that had never been brought to market before, and if the world's best athletes wore it organically, WHOOP could build a performance brand that later scaled to consumers. He was inspired by Nike and the Jordan brand and how a swoosh on something makes the whole product feel completely different independent of anything else about it. The thesis was that health monitoring could have a brand at all.

  • Two to three years were spent on the initial V1 before going to market.
  • Sleep and recovery technology was being brought to market for the first time.
  • Athletes who perform daily were the users who most needed recovery data.
  • Nike and Jordan showed that branding alone transforms how a product feels.
  • The athlete brand was always intended to scale down to consumers.

I grew up very inspired by Brands like Nike and the Jordan brand and just how like a swoosh on something could make the whole…

Will Ahmed · 4:00

I was interested in how health monitoring Could Have A Brand to it and so that was really the thesis for targeting professional athletes

Will Ahmed · 4:30
#branding#go-to-market#wearables
Story9:30

The Executive Who Stopped Working Out for Nine Months Straight

Sam Parr describes a neighbour who worked out in his garage every day until he was promoted to CEO, then stopped entirely. For nine months straight the man kept walking past saying he needed to get back in, insisting things were crazy right now, while running a health company. Parr's point is that a CEO can rearrange their own schedule, and that the sacrifice was framed as temporary but never was. Parr contrasts it with the exhausted, chubby, coffee-dependent look of most 500-plus-person CEOs they interview, which Ahmed visibly breaks.

  • The executive stopped training entirely on promotion to CEO.
  • Crazy right now lasted nine months and counting.
  • A CEO has more schedule control than anyone, not less.
  • The sacrifice was rationalised as necessary to make the company successful.
  • Ahmed treats being in good shape as part of the job given the brand.

we're like dude you're the boss you know you could just like rearrange your schedule right he's like I got crazy it's crazy right now

Sam Parr · 10:00

it look I think it's part of the job for me that I'm gonna be in good shape and healthy

Will Ahmed · 11:00
#founder-health#burnout#leadership
Story18:30

LeBron's Sleep Data and Why Alex Honnold Can Climb Without a Rope

Asked about the biggest freaks in the WHOOP data set, Ahmed points to LeBron James, who WHOOP began working with around 2015 and 2016. He could pick LeBron's sleep data out on sight and thinks it may be the most REM and slow wave sleep of anyone he has seen, which explains a career built on recovery and taking care of that third of his life. The second outlier is free solo climber Alex Honnold. Ahmed connects it to research showing that more REM sleep produces a less heightened amygdala response, the fight-or-flight signal, so the man who climbs ropeless has an insane ability to sleep that is likely part of what keeps him calm.

  • WHOOP started working with LeBron James around 2015 to 2016.
  • Ahmed could identify LeBron's sleep data on sight.
  • It may be the most REM and slow wave sleep he has ever seen.
  • More REM sleep correlates with a less heightened amygdala response.
  • Honnold's calm under lethal risk plausibly traces back to his sleep.

it makes a lot of sense that he was so good at and has been so good at recovering in his career because he's taking…

Will Ahmed · 18:30

the interesting thing about REM sleep is researchers were able to find the more REM sleep you get the less heightened your amygdala response

Will Ahmed · 19:00
#sleep#athletes#physiology
Story23:30

The Churchill Nap and Sean's Separate Nap Bedroom

Sean Puri says one of his life goals is a guilt-free daily nap and rebrands the practice as the Churchill nap after Winston Churchill's daily habit, admitting his nap marketing has been too soft. Sam Parr naps for thirty to forty minutes around two o'clock every single day, and reveals he keeps a separate nap bedroom because he refuses to lie in his master bed outside nighttime sleep; Puri goes down for two hours and wakes up a different human. Ahmed rarely naps himself but says the research supports it for most people, and notes athletes nap late because their peak has to land at a 7:30 or 8pm tip-off rather than 9am.

  • Puri rebrands the daily nap as the Churchill nap.
  • Parr naps 30 to 40 minutes at 2pm every single day.
  • Parr keeps a dedicated nap bedroom separate from his master bedroom.
  • Athletes nap to shift peak performance to a late-evening tip-off.
  • Ahmed rarely naps but says the research favours napping for most people.

one of my life goals is to be able to take a guilt-free nap every single day

Sean Puri · 23:30

I only go to bed for nighttime sleeping and then I refuse to lay in the bed I go to a different bedroom I have…

Sam Parr · 24:30
#sleep#napping#routines
Story26:30

The Two Engineers Ahmed Met While Graduating From Harvard

Ahmed is not a solo founder. While graduating from Harvard he met two talented engineers: John Capilupo, who served as chief technology officer for ten years, and Aurelian Nicolae, still with the company as chief mechanical engineer. He considers both co-founders even though he had conceived the idea years before meeting them. The early company was very technical out of the gates, weighted toward algorithms development, computer science, data science, and getting the right prototypes built, which is why the engineering pairing was decisive rather than incidental.

  • Ahmed met both technical co-founders while graduating from Harvard.
  • John Capilupo was CTO for ten years.
  • The mechanical engineering co-founder is still with the company.
  • Ahmed had the idea years before meeting either of them.
  • Early WHOOP was algorithm, data science, and prototype heavy.

I was fortunate in that I met two really talented Engineers when I was graduating from Harvard

Will Ahmed · 26:30

a lot of it was algorithms development you know computer science data science having the right prototypes and yeah so it was very technical out…

Will Ahmed · 27:00
#cofounders#hiring#hardware
Story57:00

Killing the $500 Hardware Sale for a $30 Subscription in 2018

WHOOP originally sold the product for a $500 one-time fee with everything included. In 2018 it switched entirely to a subscription where the hardware is free, starting from as little as thirty dollars, and members can get a replacement band at no cost. Ahmed is candid that the change was painful and concerning at the time: the cash and gross margin implications changed almost overnight, and for a company founded in 2012, changing your business model that profoundly six or seven years in also means admitting you had not figured out the right model. Parr notes the pivot opens the door to arguing for SaaS multiples, which Ahmed thinks is a fair case, and Puri points out it makes the company perhaps five times more valuable.

  • The original model was a $500 one-time hardware sale.
  • The 2018 switch made hardware free inside a subscription from $30.
  • Cash and gross margin implications changed almost overnight.
  • Pivoting six or seven years in admits the original model was wrong.
  • The subscription model opens a credible case for SaaS multiples.

in 2018 we changed the whole business model to being a subscription where the hardware was included

Will Ahmed · 57:00

if you're changing your business model that profoundly six or seven years later you're also admitting you haven't figured out the right business model six…

Will Ahmed · 58:00
#business-model#subscription#pivot

Takeaway· 1

Takeaway6:30

The Individual Contributor to Manager Shift That Breaks Founders

Ahmed says the CEO role changes dramatically at each inflection point, roughly ten, one hundred, and five hundred people. The percentage of time you spend thinking of yourself as an individual contributor versus a manager has to shift very sharply, and he places that break around fifty people. Sean Puri calls it one of the most painful transitions, and says a founder who does not fully appreciate it can screw the business up badly. Ahmed notes WHOOP is his first company and his first full-time job, so he has had to learn how to be a CEO at every stage.

  • The CEO role changes at roughly 10, 100, and 500 people.
  • The IC-to-manager shift breaks hardest around fifty people.
  • Failing to recognise the shift can badly damage the business.
  • Ahmed stayed close to product because he could still see around corners there.
  • WHOOP is both his first company and his first full-time job.

the percent of time in which you think of yourself as an individual contributor versus a manager has to shift very dramatically I think probably…

Sean Puri · 8:30

at every stage of the business I've had to learn how to be a CEO and it's not like this is the first just the…

Will Ahmed · 8:00
#leadership#scaling#founder-role

contrarian· 2

contrarian12:00

It's Not a Marathon Not a Sprint, It's Sprinting a Marathon

Ahmed rejects the standard startup line that building a company is a marathon not a sprint. He points out that world-class marathoners run roughly four-minute miles for over twenty-six miles, which is itself a sprint. He is explicit that building a successful company requires overcoming a level of stress that would break most people and that you have to push well beyond what is comfortable. The useful goal is therefore not slowing down but developing techniques that let you run at breakneck pace for a very long time, with physical maintenance being one of the main ones.

  • Building a company requires stress that would break most people.
  • World-class marathoners are running roughly four-minute miles.
  • The marathon-not-a-sprint analogy misreads how marathons are actually run.
  • The real goal is sprinting a marathon for a long time.
  • Physical maintenance is one of the techniques that makes the pace survivable.

I do believe building a successful company requires overcoming some level of stress that would break most people

Will Ahmed · 12:00

people always talk about this analogy of okay it's not a Sprint it's a marathon but if you actually look at like world-class marathoners they're…

Will Ahmed · 13:00
#mindset#endurance#founder-advice
contrarian52:30

You Don't Need a Sleep Tracker, Great Sleep Is Obvious

Puri reads out a pinned tweet claiming you do not need a sleep tracker because great sleep is obvious, and concedes it is catchy. Ahmed grants it holds in extremely binary terms, a 4am flight or an alarm going off all night, but calls it a profound lie for anyone trying to understand their nightly routine. His argument is that a third of your life is a complete black box that science has proven dramatically affects the other two-thirds, and that being good at sleeping decreases every form of potential disease, making it the magic pill. He also concedes Parr's adjacent point: when sleep tracking is presented as joyless discipline, people rebel against it, and he has heard it discussed in ways that make it profoundly not cool.

  • The claim holds only in extremely binary cases like a 4am flight.
  • A third of your life is a complete black box without measurement.
  • That third dramatically affects the other two-thirds.
  • Good sleep decreases every form of potential disease.
  • Framing sleep tracking as joyless discipline provokes rebellion against it.

you don't need a sleep tracker great sleep is obvious

Sean Puri · 53:00

it's a third of your life that is a complete Black Box you have no idea what's happening during that third of your life and…

Will Ahmed · 53:30
#sleep#quantified-self#contrarian

idea· 2

idea36:30

Body Scans Plus Blood Work Plus Wearables as Obvious Coming Innovation

Parr raises the absurdity that a cancer can grow inside you undetected purely because nobody measured, citing family members who would have been fine with a scan six months earlier. He notes WHOOP told him he was sick when he had COVID and asks why it cannot flag cancer. Ahmed files the whole area under obvious innovation that is coming: the combination of body scans, blood work, and continuous non-invasive wearable monitoring will predict disease states and leading indicators of death. He adds that AI will be enormously valuable for analysing complex scans that currently require an expensive radiologist, and expects the doctor relationship to change profoundly.

  • Undetected disease is often a measurement failure, not a medical one.
  • WHOOP already detected Parr's COVID before he understood he was sick.
  • The stack is body scans plus blood work plus continuous wearable monitoring.
  • The target output is predicting disease states and leading indicators of death.
  • AI replaces expensive radiologist time for reading complex scans.

the combination of body scans blood work and continuous monitoring through a non-invasive wearable will ultimately be able to predict a lot of things that…

Will Ahmed · 36:30

AI will be enormously valuable for analyzing a lot of these more complicated scans to look for things inside your body that might be off…

Will Ahmed · 37:30
#healthtech#ai#diagnostics
idea40:30

A Talent Agency for Non-Living People

Ahmed pitches a talent agency for non-living people, built on deepfake video that is now nearly indistinguishable from real footage. The analogy is Justin Bieber selling the rights to his songs: an actor like Tom Cruise late in his career could sell the rights to Tom Cruise, letting films be made with him for the next hundred years. Puri reframes it as selling your future catalog rather than your back catalog. A second variant needs no human at all, synthesising a wholly artificial actor, or training on the fact that Tom Cruise has made fifty movies. They reference the Miles Fisher Tom Cruise deepfakes on TikTok and the virtual Instagram influencer Miquela, who has a cast of characters, ad deals, and venture funding.

  • Deepfake video is now nearly indistinguishable from real footage.
  • Actors could license their likeness the way musicians sell song catalogs.
  • Selling your future catalog rather than your back catalog.
  • A second variant creates a fully artificial actor with no human source.
  • Miquela proves virtual personalities can raise money and win ad deals.

I think that there's going to be like a talent agency of sorts that's for non-living people

Will Ahmed · 40:30

instead of selling your back catalog sell your future catalog basically so you can sell your likeness

Sean Puri · 42:00
#ai#media#business-ideas