Daniel Ek – The Future of Audio - [Invest Like the Best, EP.147]

Invest Like the Best with Patrick O'Shaughnessy

Colossus

Technology, Business, Investing

4.7 • 2.5K Ratings

🗓️ 12 November 2019

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

My guest this week is Daniel Ek, the founder and CEO of Spotify. In my conversations with Daniel, I’ve found him to be one of the most interesting and thoughtful business leaders in the world. You’ll see what I mean as you listen to our conversation. We talk about Spotify plenty, but what I so enjoy about Daniel is his way of thinking in systems and frameworks. He is committed to evolution, innovation, and growth for both himself and for Spotify and is on my shortlist of CEOs to emulate. This was one of my favorite conversations on the podcast, I hope you enjoy it. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Show Notes 1:21 – (first question) – Management lessons from a Dubai chocolate maker 4:54 – Trends shaping the business landscape today: globalization, automation, and digitation 7:51 – How he thinks about the vertical integration of his business and scale 10:37 – Are companies doing a good job adjusting to the changes in the global business landscape 14:44 – How does Spotify view scale moving forward 17:59 – What trends has he seen among creators as a result of the Spotify platform 20:32 – The community benefit that has been created by the platform 23:47 – Intimacy of audio 25:31 – Creating an environment that continues to spur innovation 29:12 – Star vs constellation business strategy 32:21 – Measuring network health 35:12 – Spotify Originals and what his competition in the video market is doing 39:36 – How podcasts play into the growth strategy 43:04 – How did he solve the problem of competing with free 47:21 – Is their strategy repeatable, going after fractured suppliers 49:02 – Role of the CEO in a startup 51:22 – Others who have taught him great business lessons 53:18 – Kindest thing anyone has done for Daniel Learn More For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

Transcript

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0:00.0	Hello and welcome everyone, I'm Patrick O'Shaughnessy and this is Invest Like The Best.
0:08.6	This show is an open-ended exploration of markets, ideas, methods, stories, and of strategies
0:13.9	that will help you better invest both your time and your money.
0:17.2	You can learn more and stay up to date at InvestorFieldGuide.com.
0:24.6	Patrick O'Shaughnessy is the CEO of O'Shaughnessy Asset Management.
0:28.5	All opinions expressed by Patrick and podcast guests are solely their own opinions and do
0:32.9	not reflect the opinion of O'Shaughnessy Asset Management.
0:36.3	This podcast is for informational purposes only and should not be relied upon as a basis
0:40.6	for investment decisions.
0:42.4	Clients of O'Shaughnessy Asset Management may maintain positions and the securities discussed
0:46.2	in this podcast.
0:49.7	My guess this week is Daniel Eck, the founder and CEO of Spotify.
0:53.7	In my conversations with Daniel, I found him to be one of the most interesting and thoughtful
0:57.3	business leaders in the world.
0:59.0	You'll see what I mean as you listen to our conversation.
1:01.6	We talk about Spotify plenty but what I so enjoy about Daniel is his way of thinking
1:05.4	in systems and frameworks.
1:07.3	He has committed to evolution, innovation, and growth for both himself and for Spotify
1:11.9	and is on my short list of CEOs to emulate.
1:14.8	This was one of my favorite conversations on the podcast.
1:17.0	I hope you enjoy it.
1:17.9	So Daniel, so when we were walking around the Westside Highway a couple months ago, I kept
	...

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