Fitness startup Aaptiv Inc. is exploring options including a sale, according to people with knowledge of the matter.
The New York-based company has tapped an adviser after fielding inbound interest, said some of the people, who requested anonymity because the talks are private. The company is slated to turn a profit as of this month, said people familiar.
The company, founded by Ethan Agarwal, makes an audio fitness app that it describes on its website as “fresh-air friendly.” Its instructors guide users through running, cycling, yoga and other workouts. It was valued at $200 million as of June 2018, according to data provider PitchBook, and had raised $75.5 million as of April 2020 from investors including the Amazon Alexa Fund, Insight Partners, Walt Disney Co., Warner Music Group, 14W and Millennium Technology Value Partners.
The app’s users have collectively taken about 35 million classes, one of the people said.
Chen, K. & Arnold, F. H. Tuning the activity of an enzyme for unusual environments: sequential random mutagenesis of subtilisin E for catalysis in dimethylformamide. Proc. Natl Acad. Sci. USA90, 5618–5622 (1993). The first demonstration of directed evolution by successive rounds of mutagenesis and screening — a strategy now widely used to engineer enzymes.
In the 1960s, Norman Cousins was diagnosed with a crippling and potentially fatal collagen disease. In response, Cousins undertook a regime that included plenty of vitamin C and positive emotions – including daily belly laughs that resulted from watching TV shows like The Three Stooges. To the surprise of many doctors, he made a full recovery, published a book about the experience (the best-selling Anatomy of an Illness as Perceived by the Patient: Reflections on Healing and Regeneration, 1979) and in the process provided a wellspring of support for the idea that laughter makes for great medicine.
Now, several decades later, we’re still debating the question of whether humour can be a boon to our health and even to our physical fitness. As basic as humour is, researchers still have much to learn about it – as do some comedians. Regarding health benefits, says Michael Miller an associate … Read More