Business of Sport Ep.53: Moritz Fürste, HYROX Co-Founder, ‘How we Built a Global Sporting Phenomenon'
Jan 21, 2025
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This discussion features Moritz Fürste, a double Olympic gold medalist in field hockey and co-founder of HYROX, which has transformed fitness racing since its 2017 launch. He shares insights about balancing post-athlete life with entrepreneurship. Moritz highlights the unique challenges of building a global fitness community and the importance of using innovative marketing to engage participants. With millions now competing, he discusses strategies for the brand's future growth and the dream of fitness racing gaining Olympic recognition.
HYROX has successfully created a unique fitness racing model that combines running with functional workouts, attracting diverse participants globally.
The founders prioritize community engagement and operational excellence, balancing rapid growth with maintaining high-quality athlete experiences in their events.
Merchandising and partnerships, particularly with brands like Puma, are vital to HYROX's strategy for building community identity and enhancing visibility.
Deep dives
The Concept of Fitness Racing
Fitness racing, as defined by the High Rocks model, involves a combination of running and functional fitness workouts, creating a unique race format. This model caters to a diverse range of participants, from casual gym-goers to dedicated athletes, allowing them to compete in a community-driven environment. Each event consists of eight sets of one-kilometer runs interspersed with various workout stations, ensuring a challenging and engaging experience. The founders capitalized on the growing trend of fitness as a sport, positioning High Rocks as a serious athletic competition rather than just another fitness event.
Growth and Operational Excellence
High Rocks has experienced rapid growth, with over 650,000 participants expected in a single year and events expanding to cities worldwide. The founders emphasize operational excellence to maintain the high-quality experience expected by athletes, refusing to sacrifice execution for growth. This approach has included implementing a ballot system in high-demand locations to manage participant numbers and maintain an elite event atmosphere. By focusing on quality and community engagement, they aim to balance supply and demand without compromising the brand's integrity.
Community Building as a Business Model
High Rocks prioritizes community engagement, viewing it as a core component of its business strategy. The founders decided against raising ticket prices drastically to keep participation accessible and maintain their community’s commitment. This approach cultivates loyalty among athletes, as many choose to participate repeatedly, emphasizing fitness as their sport rather than merely a one-time challenge. By fostering a sense of belonging, High Rocks enhances participants' experience, thus contributing to its growth and sustainability.
Merchandising and Brand Partnerships
Merchandising plays a crucial role in High Rocks' business model, with branded apparel and accessories helping to solidify community identity and promote the sport. The partnership with prominent brands like Puma aids in enhancing visibility and credibility, giving participants access to specialized gear. This dynamic relationship allows High Rocks to promote its events while also enabling partners to reach a targeted audience through co-branding initiatives. As the business matures, the focus on creating appealing merchandise and strong partnerships is likely to continue driving engagement and revenue.
Future Aspirations and Olympic Dreams
Looking ahead, the founders of High Rocks envision their sport becoming an Olympic event, emphasizing the need for legitimacy and professional recognition. This ambition reflects their commitment to developing a structured competitive framework that encourages participation and athletic excellence. They aim to expand to 150 major cities worldwide and establish a comprehensive gym affiliate program to further entrench the sport in the fitness landscape. By focusing on fostering professional athlete engagement and innovative partnerships, High Rocks seeks to secure its place in the future of competitive fitness.
Today, we bring you the man who founded the global phenomenon HYROX. Mo is a double Olympic Gold Medallist in hockey, having won with Germany in Beijing and London. Described to me by someone who knows far more about the sport as ‘The Cristiano Ronaldo’ of field hockey, we were pretty excited to get both a sporting icon and high flying entrepreneur in the studio; always what we strive for on the Business of Sport!
Since it was founded in 2017, HYROX has become a major player in sporting participation. Consisting of both running and 8 separate ‘fitness’ activities to form a unique race format, millions of people have participated in their events around the world. The success has been so impressive that they have now had to implement a ballot in some cities (including London where they had over 70,000 applications) to manage demand.
But this isn’t just a series of fitness events; this is a sport, the driving values of which lie in community and engagement. I can’t deny, when we got into it, the business was pretty insane too. This has been the most requested show over the last 3 months. It was a lot of fun entering a completely new area for the show. This is one incredible sports asset that is only going to get bigger.
We’re delighted to welcome Mo to the Business of Sport.
What is HYROX?:
“52% of people call fitness their sport, but what is the sport”? What was the opportunity moment that led to Mo and Christian embarking on their HYROX journey?
A breakdown of what an event actually consists of; from running to sled pushes to rowing.
How they have taken HYROX from a 650 person event in Hamburg in 2017 to 650,000 signed up global participants this year across 85 events.
Can anyone participate in HYROX? Who is the target audience?
How did Mo’s experience as an athlete prepare him for life as an entrepreneur?
Creating Community:
“You cannot reduce this down to the business model”: how Moritz created one of the most engaged fitness communities in the world.
Why does he think this has resonated with so many people and what do they attribute the success of HYROX to so far?
What does it mean to build community? Lots of people talk about it but very few are able to achieve and then maintain it.
Why is it so important to build out both the professional end and the mass participation front?
The Business of HYROX:
From a near $100m in sign-ups this year to selling media packages to the majority of participants, how do you build on the HYROX hype without exploiting the loyalty of the people who helped build it?
The importance of relationships with global brands like PUMA and Red Bull; the commercial model that powers the brands.
How an affiliate model with gyms will power the development of the sport and allow people to train specifically for events.
Which events have HYROX licensed and which ones do they keep in-house; the logistics of operating a global series.