This Guy Built His #Business Into A $26 Billion Dollar Music Streaming Empire... #shorts
Channel: Kyrill Krystallis
Date: 20/01/2022

This founder built a $26 billion dollar music empire... 

Now there's a really high chance you don't know who he is, BUT you've got a tab of his music streaming program open your PC RIGHT NOW! This app was initially inspired by both Limewire & Napster, which were the music apps people used to use back in the early 2000s for pirating music for FREE. 

The entire music industry was literally under siege then as labels had no IDEA of how to tackle the piracy issue. But this founder knew that if people were willing to grab their music online ILLEGALLY, then they'd also be willing to pay a small monthly subscription FOR FULL ACCESS. He single-handedly solved two problems, for two markets. 

He minimized piracy and maximized our access to online music. Therefore by leveraging virality, a freemium model, exclusive deals with the biggest labels out there, and 12 years of heavy grinding Daniel Ek was able to build Spotify to the world's biggest music streaming platform out there. 

#shorts #music #business