New York City: Where the magic happens

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ClassPass founder Payal Kadakia knew NYC was the perfect place to launch her fitness app company.

"New York City plays a magical role in my life," founder Payal Kadakia told CNNMoney. "I've been here for over 10 years. It really is a place where you can make anything happen."

"When I look around and I see all these studios now [that are a part of ClassPass], I just love that," she said. "I feel like we've touched so many of the various aspects of New York."

First published September 27, 2017: 5:21 PM ET