February 21, 1983 |
|Occupation||CEO and Founder, Spotify|
|Net worth||US$ 400 million|
It disturbed me that the music industry had gone down the drain, even though people were listening to more music than ever and from a greater diversity of artists.
There are millions of people who consume music illegally every month. Just getting them into a legal service will make the music industry way bigger than it's ever been before.
This is a way for artists to communicate directly to their fans. If you think of an artist like Bruno Mars, he's using Spotify, creating playlists and listening to music through it.
There are half a billion people that listen to music online and the vast majority are doing so illegally. But if we bring those people over to the legal side and Spotify, what is going to happen is we are going to double the music industry and that will lead to more artists creating great new music.
With Spotify, people don't get it until they try it. Then they tell their friends.
In general, people are comfortable sharing their music. There are two exceptions, though – Lady Gaga and Britney Spears.
I was deeply uncertain of who I was and who I wanted to be. I really thought I wanted to be a much cooler guy than what I was.
I had two passions growing up – one was music, one was technology. I tried to play in a band for a while, but I was never talented enough to make it. And I started companies. One day came along and I decided to combine the two – and there was Spotify.
With Twitter and other social networking tools, you can get a lot of advice from great people. I learn more from Twitter than any survey or discussion with a big company.
The main reason people want to pay for Spotify is really portability. People are saying, 'I want to have my music with me.'
At Spotify, we really want you to democratically win as a musician. We want you to win because your music is the best music.
Music isn't like news, where it's what happened five minutes ago or even 10 seconds ago that matters. With music, a song from the 1960s could be as relevant to someone today as the latest Ke$ha song.
I actually bought a travel guitar, and that guitar is really cool. You can actually fold the guitar, and you can plug headphones into it, but it's acoustic, or semi-acoustic.
In order for a service to be social, you've really got to start from the ground up. The fact that almost a third of the U.S. population have even heard of Spotify is really because they've seen it on Facebook and friends have been sharing.
At the end of the day, I want the music industry to be larger than what it is today.
Put your consumers in focus, and listen to what they're actually saying, not what they tell you.