The Rise of Spotify 🎧
20VC with Harry Stebbings·2025-10-24 05:00
All the other music startups based in the US got strangled at BERT by lawyers because it was all about IP property rights and little old Spotify got going in a bunch of European countries that let's be frank your average big five record label didn't really focus on. So they got a much more attractive licensing deal while in the US all these guys were wrestling with shitty gross margins and litigation with the music companies. So they got critical mass early on, built an excellent product and then gradually ...