TRIATHLON NEWS March 5, 2019: USA Triathlon, Peloton worth billions & ITU Oceania

TRIATHLON NEWS March 5, 2019: USA Triathlon, Peloton worth billions & ITU Oceania


What’s Up Trainiacs! (quiet upbeat music) Welcome to this week’s
Triathlon News Day Tuesday. In this week’s edition
of Triathlon News Day. USA Triathlon is handing out money, just making it rain all over the place. Speaking of money, one of the biggest IPO’s
in endurance sports history is about to go down this summer, and, also coming back to USA Triathlon they announced a new series of races. (fast-paced electronic music) (fast-paced electronic music) (fast-paced electronic music) (fast-paced electronic music) – What’s up Trainiacs!
(quiet upbeat music) Welcome to Triathlon News Day Tuesday where every single Tuesday,
as long I’m not traveling, and there is news to talk about, we talk about news that goes on all around the triathlon world, and as always, make sure you stick around to the end of the video, where everyone’s favorite part of Triathlon
News Day Tuesday, that’s where we feature a story from the Trainiacs out there, and as always, full links
to everything we talk about will be in the description below. Let’s start things off with USA Triathlon has opened up applications
until March 22nd for their USA Triathlon
Foundation Pillar Grant. Since 2014, the Pillar Grant has doled out $2.4 million dollars to clubs, individuals, and organizations that go to supporting one
of the three key focus areas of USA Triathlon, those being: Youth in the sport, disabled individuals
getting into the sport, and helping people pursue their dreams of getting to the Olympics. Now, if you want to apply for this, if you’re an individual, an
organization, a coach, a club, links to the application are
in the description below. Now, sticking with USAT, did you see you that,
no, that was first try. – Mm-Hmm (affirmative) – Not bad. USA Triathlon announced
a series of youth races, speaking about getting
more youth into the sport, and this goes in line with USAT’s mandate of building up the sport of
triathlon just in general, kind of filling it with
the youngsters out there, a series of 59 youth
races are going to be held all across the United States
at existing or new races. Now, these races are specifically geared towards kids age 7 to 17 and they are shortened events. So, the swim is anywhere from
100 to 400 meters or yards. The bike is anywhere
from 2 to 10 kilometers. The run is anywhere from
1 to 2 1/2 kilometers. Now, this is fairly similar to the Canadian Kids of Steel Program, the Splash and Dash that we have here, and it’s been enormously successful at building up our youth in the sport. ITU super star, and total stud out there with his mustachio, Tyler Mislawchuk, he came from the Kids of Steel Program, I think. I want to say. Now in big money hustling news, One Peloton, Peloton, the online streaming and hardware service where you can buy a $2200 stationary bike, or a $4200 treadmill, and then subscribe to a $20 a month online streaming service
where you tune in, and group classes for
running or cycling are held, and you follow along, or you tune in to pre-recorded classes. They have decided that the underwriters for their upcoming IPO are going to be JP Morgan and Goldman-Sachs. Now, here’s where things
get really interesting. As a former investment advisor, this IPO is valued at $8 billion dollars. Okay, big number, but let’s
put that into context. One Peloton has 600,000 subscribers. Apparently they have just
$300 million in revenue. And you’re like, “Oh okay,
whatever. What does this mean?” Well, here let’s put this into context. Also, valued around $8 billion dollars that are fairly similar companies that have a hardware component and then another component, Harley-Davidson, valued
at $8 billion dollars. Whirlpool, valued at $8 billion dollars. Xerox, valued at $8 billion dollars. And you might be saying, “Well, you know, this is tech company, they’re different.” Well, remember One Peloton has
just $300 million in sales. Harley-Davidson, $5.5 billion in sales. Whirlpool, $21 billion in sales. Xerox, $10 billion in sales, yet somehow they are valued all the same. For the former investment advisor that really liked blue chip stocks and did not invest in a
lot of tech companies, hey, you know what? I
can legally say this now. I don’t know if I would
get in on that IPO. Seems overvalued. My compliance officer would have lost their minds three years ago. (laughs) In race results, the only
thing that was really happening over the course of the weekend was the ITU Oceania Sprint Triathlon, which is kind of like a second tier ITU World Triathlon Series,
like the short course, the really fast athletes type of event. The men’s side was won by Tayler Reid of New Zealand, in 55:46 and the women’s race was won by Joanne Miller of Australia, in 1:03:51. Now, these are kind of the races that the youngsters have to go through to get to the ITU World Series. So, we might have future stars there. Quick update on the podcast. Go to checkout the
Triathlon Taren Podcast. We just published a killer of a podcast with James Mitchell,
who you might not know, but guaranteed you’ve seen
all his pictures on Instagram. He is the personal
photographer to Lucy Charles, he’s also starting to
work with Patrick Lange, and personally I think that he is probably one of the best triathlon
photographers out there. Totally self-taught, and it was funny, he was in literally the pain cave with Lucy and Reese as
he was recording it, and they were like chirping
at him in the background, talking about tea and things
that British people talk about. Also, in a couple of days, we are going to have an interview, and feature Brent, from
Effortless Swimming, who just did a analysis
on me on his channel that we’ll link to at
the end of the video, about how he has helped
me shave seven seconds off my 100 meter averages over the course of the last six months. Should be a good little chat. Now, let’s get into this
week’s Trainiac story which starts off by saying, “Hi Taren, my name is Luke. For the last 30 years, I’ve punished my mind and body with alcohol
and other intoxicants. Over the last couple of years, I came to the realization
that I was an alcoholic with extreme anxiety and depression. As all good alcoholics do, I thought that I had a
handle on my addictions and everything was going great until one fateful night,
in September 2017, where I hit rock bottom
and nearly lost everything, including my beautiful wife of 23 years. It was time to act. I accessed the help I
needed and went to rehab to beat this awful disease. In rehab, they told us to
look after both mind and body when we got back into the real world. I’d already dipped my toes into triathlon with a couple
of sprint distance races I’d done previously and I’ve decided that this was how I was going to get on the straight and narrow. Once out of rehab, my wife and I sat down, we worked out
a plan to get me healthy. I signed up for a season of racing and I was off and training hard preparing for my first
Olympic distance race, which I’d completed weighing
220 pounds or 100 kgs coming in at 3 hours, 35 minutes. I’ve since done couple of sprints, another Olympic distance
in 2 hours, 53 minutes, weighing just 87 kgs, or 191 pounds. That’s a 30 pound loss and a
massive PB of over 40 minutes. I’ve just celebrated my
first year of living sober and I couldn’t be happier or healthier all thanks to triathlon. Over the last year, I’ve learned so much and met some amazing people,
made some great friends. I feel I have become a part of a big family that is triathlon. I’m currently training to race in my first Iron Man, at
70.3 in Cairnes, Australia in June 2019, which I’ll do with my beautiful wife as inspiration. All I can say to those on
the edge is just start. It’ll hurt, it’ll be
hard, there will be tears, but as you grow, they
will become tears of joy for what you achieve
will be truly special. Regards, Luke.” Congratulations Luke. That’s a good one. This is, I like bringing in people who lose weight, who help with, triathlon helps them with mental illness, who get help with addiction
or whatever it is. Triathlon, it helps a lot of things. It’s a sport that you
can do whether you are 330 pounds at a starting
point, or 150 pounds. We have the story of the person who started into triathlon because he was losing too much weight, but it’s such a great sport because it just helps you become better from wherever your starting point is, so, congratulations on getting
you shirt together, Luke and for growing that wicked beard. So, there you go Trainiacs. Thank you for watching this week’s Triathlon News Day Tuesday. If you want last week’s edition of Triathlon News Day, click it up here. If you want to that video from Brent from Effortless Swimming, it’s one of the longest ones
that he has ever put out, that is down here. And if you want your story shared here on Triathlon News Day, email me, oh crap, I have those backwards. Maybe it’s over here. Email me at [email protected] Later Trainiacs.