“…bad times coupled with good reflections provide some of the best lessons, and not just about business but also about relationships.” #raydalio#principles#business
“You better make sense of what happened to other people in other times and other places because if you don’t you won’t know if these things can happen to you, and if they do, you won’t know how to deal with them.” #RayDalio#Principles
Finally reading Principles by Ray Dalio. Enjoy following along as I share quotes from the book that resonate with me…
“For me, great is better than terrible, and terrible is better than mediocre, because terrible at least gives life flavor.”
I’m skeptical that most consumers actually want to spend time making AI remixes/covers themselves.
But strategically, @Spotify + @UMG embracing licensed participation instead of resisting it outright feels important.
The framework may matter more than the feature adoption itself.
Love the idea of @Spotify’s “Reserved” live ticket reservations for premium subscribers based on listening behavior.
That’s the kind of feature that makes a subscription feel genuinely valuable beyond just access to music.
Say what you will about streaming’s impact on the industry, but products that create real consumer value tend to win long term.
#SpotifyInvestorDay
One interesting implication of @Spotify’s New Music Friday video series:
Music curators may become even more important as “human filters” in an increasingly overwhelming content environment.
Algorithms scale discovery.
But trusted taste still matters.
(Their DMs are about to become war zones 😅)
I’ve really appreciated the Song DNA feature in @Spotify.
Feels like a classic “delight” feature:
Not necessary.
Probably not a major revenue driver.
But it deepens engagement and makes music discovery feel more human and interactive.
Curious if other streaming platforms are building similar experiences with this info for songs?
#SpotifyInvestorDay
“Time well spent” may actually be one of the strongest long-term arguments for music as a category.
Most consumer platforms are fighting accusations of addiction, distraction, or low-value engagement.
Music is one of the few forms of media where increased consumption can genuinely improve someone’s emotional state, focus, connection, or wellbeing.
That’s a very different kind of engagement being described @Spotify #InvestorDay
50% paid subscriber penetration in Sweden is a wild stat from @Spotify Investor Day.
If that level of adoption eventually spreads across more mature markets, the global music industry could still have enormous room to grow.
Spotify targeting 1 billion subscribers by 2030 suddenly sounds less crazy than it once did.
A billion people paying (or even on freemium subscriptions) for music would reshape the economics of the industry entirely… though not evenly for everyone.
@Spotify saying they became “the R&D department for the music industry” is both impressive… and a little painful to hear.
Because whether it’s fully true or not, it reflects a reality:
Tech companies have often innovated around music faster than the music industry itself.
Keynote session @amplify_summit with @rkyncl starting out with one of my favorite questions asked by @jonfortt : if/why we need record labels in this day and age?