I came to Spotify from Google Play when it was sunset, using an online converter to import playlists. My favourite feature has been "Song Radio" - awesome for discovery. Biggest frustration has been when Song Radios, automatically generated and not curated (I assume) disappear without reason. There is no storage cost or overhead to having these. They all came back, but it was an odd thing. Spotify has a long way to go to leverage Network Effects.
Thanks Nick. I've had a similar frustration with dynamic playlists (you love it at first, but come back to it a month later and it's totally different). As Spotify pushes into live audio, that'll open up more opportunities for social features. That could help leverage network effects, but their social efforts so far have been quite limited (and I don't think that successful).
VC capital isn't a factor for Spotify, but certainly is for some start-ups, particularly in the online-to-offline world (ride-share, delivery, etc). Spotify has plenty of cash on the balance sheet and generates modest cash flow from operations. If podcasting works, and profitability improves, so should their cash flow generation.
I came to Spotify from Google Play when it was sunset, using an online converter to import playlists. My favourite feature has been "Song Radio" - awesome for discovery. Biggest frustration has been when Song Radios, automatically generated and not curated (I assume) disappear without reason. There is no storage cost or overhead to having these. They all came back, but it was an odd thing. Spotify has a long way to go to leverage Network Effects.
Thanks Nick. I've had a similar frustration with dynamic playlists (you love it at first, but come back to it a month later and it's totally different). As Spotify pushes into live audio, that'll open up more opportunities for social features. That could help leverage network effects, but their social efforts so far have been quite limited (and I don't think that successful).
What role does VC money play in giving Spotify such long runways to determine if products work or not?
VC capital isn't a factor for Spotify, but certainly is for some start-ups, particularly in the online-to-offline world (ride-share, delivery, etc). Spotify has plenty of cash on the balance sheet and generates modest cash flow from operations. If podcasting works, and profitability improves, so should their cash flow generation.