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

“There’s no doubt in my mind that we’re going to go through a very similar journey where even the concept of what a podcast or audio actually is will become re-imagined.”

Luminary raised hundreds of millions to become to the “Netflix of podcasts” But… it’s not really working

“Every single successful media platform has been built off the back of existing content, even though they’re most known for their own things today”

On average, people download 1 new app per year.

“Getting distribution on something new is insanely hard in this day in age”

“We know that discovery is one of the core benefits that we provide to people. If we can get you to discover one new item of content that you absolutely love every single month, we’re pretty sure you’ll remain a user or customer with us for a very long time.."

“I think the last job to be done by a machine is creativity”

Think: Podcasts are based on RSS feed technology (which was pre-Facebook, YouTube, and a whole bunch of other things we take for granted)

This has to do with the idea of breaking up a larger app/platform into multiple apps/platforms, instead of building more features into the main app