057: This Angel Investor Specializes in Music + Startups = Ken Umezaki of Digital Daruma
Entrepreneur Stories 4⃣ Inspiration
Millionaire Interviews Podcast & Sir Austin Peek
4.7 • 2K Ratings
🗓️ 1 January 2021
⏱️ 44 minutes
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| 0:00.0 | Beyonce's lemonade album, for example, had 140 songwriters. |
| 0:04.0 | How do you track that when you've got 500 different digital consumption services globally, |
| 0:08.4 | and there's two trillion spins a year. |
| 0:15.2 | There's a lot of people who actually think, I'll just pick the money, we'll figure it out later, |
| 0:18.9 | that's actually not true. |
| 0:21.6 | So the fundamental thing we're doing is we're building a technology architecture |
| 0:25.3 | to allow the entire music industry to be... |
| 0:35.1 | In the notch for a year a little bit different than some of the other people we talk to, |
| 0:38.1 | so would you mind telling us what you do? |
| 0:40.4 | Sure, maybe a big background as well. |
| 0:42.1 | I have a previous career, if you will, in finance, as a trader and manager of trading desks. |
| 0:46.7 | I did that for 25 years or so, and basically for the last nine or ten years, |
| 0:51.2 | I switched gears pretty completely and I've played entrepreneur in the digital music space. |
| 0:56.7 | Most of my work centers around a company I form called Digital Daruma, I do a number of things, |
| 1:02.1 | all under the broad mission of trying to make the world of digital music |
| 1:07.2 | friendlier for the creator community. |
| 1:09.0 | It's a great time to be a creator, it's a great time, I think, as a consumer of media, |
| 1:14.2 | lots of choices, instantaneous, etc. |
| 1:16.9 | Very, very tough to make a living off of it. |
| 1:19.2 | I decided for a career number two to focus on that I call it the little, |
| 1:24.0 | which is how do you make the digital jungle friendly for the creator community? |
| 1:28.8 | So with that in mind, I actually do some investing in startups in the music technology space. |
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