Michael and Johnny look at Spotify, what the company does, its history, and what made it so successful including its acquisition history and strategy, its partnership with the music industry, and its continuous user-focused philosophy.
In Follow-Ups, we discuss Forbes's latest report showing Kylie Jenner is not quite a billionaire.
In the News of the Week, we lament the loss of George Floyd and the reverberating consequences of his death that are being felt in the US and around the world.
Recorded Date: Sunday, May 31, 2020
Time Stamps
- @00:01:21: Kylie is not a Billionaire!
- @00:03:20: Section 230 under fire
- @00:09:15: Our thoughts on the tragic passing of George Floyd
- @00:14:20: Spotify Overview
- @00:16:57: Spotify History
- @00:22:41: What made Spotify successful?
- @00:33:58: Spotify Acquisition History and Strategy
- @00:39:40: Would Spotify be as successful without all the upfront capital?
Highlights
- How can you stand being anything less than a billionaire at $900 M?
- A report on fake billionaire lies comes out during a time where over 10's of millions have lost their jobs
- Shopify is still great!
- Atlanta's mayor's powerful call for the youth to use their votes instead of looting and damaging their communities
- Daniel Ek wanted to create Spotify to tackle music piracy and to allow his friends to discover good music
- Michael and Johnny weren't building websites at 13 as they were busy adjusting to life in new countries
- Spotify made it so convenient for users to consume music that they ran laps around their competitors at the time
- Spotify focused on technology, data analytics in their early acquisitions
- Podcasts have become their latest acquisition targets
- Could Spotify have been as successful if its founders didn't have money?
- Did the music labels treat Spotify differently as a result of their experience with Apple?
- We no longer talk about music piracy
- Spotify's success = changing the music ownership model, right people to solve the right problem, proper acquisitions, access to music via partnerships, personalization & recommendation engine, social aspect and sharing
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