spotify

Tesla reported a 9 per cent decline in first-quarter revenue, Spotify kicked off a more mature era for its business after years of freer spending, and the US Federal Trade Commission banned non-compete clauses for employees. Plus, international investors have rushed into Egypt’s debt after the most populous Arab nation secured a $55bn bailout.

Mentioned in this podcast:

Tesla revenue declines in first quarter as vehicle sales slow

Spotify hits record quarterly profit as it enters ‘new phase’

US FTC bans non-compete agreements

Demand for Egyptian debt surges after $55bn bailout and investment package

Latin American cocoa farmers rush to expand planting as prices spike

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Katya Kumkova, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Patrick Bet-David, Adam Sosnick, Tom Ellsworth, and Vincent Oshana discuss Tucker Carlson travelling to Russia to interview Russian President Vladimir Putin, Joe Rogan's new Spotify deal worth $250 million, and the Wall Street Journal's report that Elon Musk is being urged to go to rehab over his reported drug use. ​Purchase over $100 in VT merch today and qualify to win a free ticket to The Vault 2024: https://bit.ly/49ls1Jt Protect yourself against Central Bank control with - American Hartford Gold: https://bit.ly/3QzMjHd Learn more about American Hartford Gold: Text "PBD" to 65532 or call 866-939-6984! Connect one-on-one with the right expert to get the answers you need with Minnect: https://bit.ly/3MC9IXE Connect with Patrick Bet-David on Minnect: https://bit.ly/3OoiGIC Connect with Tom Ellsworth on Minnect: https://bit.ly/3UgJjmR Connect with Vincent Oshana on Minnect: https://bit.ly/47TFCXq Connect with Adam Sosnick on Minnect: https://bit.ly/42mnnc4 Purchase Patrick's new book "Choose Your Enemies Wisely": https://bit.ly/41bTtGD Register to win a Valuetainment Boss Set (valued at over $350): https://bit.ly/41PrSLW Get best-in-class business advice with Bet-David Consulting: https://bit.ly/40oUafz Visit VT.com for the latest news and insights from the world of politics, business and entertainment: https://bit.ly/472R3Mz Visit Valuetainment University for the best courses online for entrepreneurs: https://bit.ly/47gKVA0 Text “PODCAST” to 310-340-1132 to get the latest updates in real-time! SUBSCRIBE TO:  @VALUETAINMENT   @vtsoscast   @ValuetainmentComedy   @bizdocpodcast   @theunusualsuspectspodcast  Want to be clear on your next 5 business moves? https://bit.ly/3Qzrj3m Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

Hello dear listener! The number one request I have had is that transcripts be made available. Well, if you listen on Spotify, now they are! The A Level Politics Show now has transcripts of every episode! How about that! What’s great is that Spotify let’s you listen along and read the transcript at the same time as listening to it, or you could have the sound off if you don’t like the sound of my voice (my wife tells me that this is what she does). You can also just skip to the section in the transcript that you find most useful and start playback from wherever you want. 

How do you do this? Okay, follow these simply steps. 

1)    In the Spotify app, go to The A Level Politics Show podcast page. 

2)    Click on the episode you are interested in. 

3)    Scroll to the bottom of that page and tap on “Episode Transcripts”. And there you have it! 

Plus Plus Plus subscribers will be able to access every single transcript of every podcast ever produced – at the time of recording that’s 140-odd transcripts. Yet another reason why subscribing is such a good idea – for just £1.99 per month you get access to the complete back catalogue of The A Level Politics Show, spanning over four years, lasting longer than three British PMs and hundreds of government ministers (okay in the current environment that’s not too difficult). What is more, you’ll get 2 bonus pods, exclusive to subscribers, along with the standard free episode, every single month. Click ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to get started!  You can cancel at anytime and there are no hidden costs. 

That’s it from me for 2023 – I hope that you all have a wonderful New Year! 

Patrick Bet-David and the Home Team will give their predictions for what will happen in the third GOP presidential debate. Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://bit.ly/40tsw0O Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: http://masterworks.io/cd Purchase tickets to the PBD Town Hall: Live Meet the Candidate Event with Robert F. Kennedy Jr on December 6th: https://bit.ly/3sog9qg Connect one-on-one with the right expert to get the answers you need with Minnect! https://bit.ly/3MC9IXE Get best-in-class business advice with Bet-David Consulting: https://bit.ly/40oUafz Visit VT.com for the latest news and insights from the world of politics, business and entertainment: https://bit.ly/472R3Mz Visit Valuetainment University for the best courses online for entrepreneurs: https://bit.ly/47gKVA0 Text PBD to 65532 or call 866-939-6984 Subscribe to:  @VALUETAINMENT   @vtsoscast   @ValuetainmentComedy   @bizdocpodcast  Want to get clear on your next 5 business moves? https://valuetainment.com/academy/ Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Text: PODCAST to 310.340.1132 to get the latest updates in real-time! Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

Brought to you by Merge—A single API to add hundreds of integrations into your app | Coda—Meet the evolution of docs | Vanta—Automate compliance. Simplify security.

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Camille Hearst is Head of Fan Monetization at Spotify, where she finds new ways for fans to connect and for artists to monetize. Previously she was Head of Product for Creators at Patreon, Product Marketing Manager at YouTube, the second Product Manager at iTunes, and VP of Product at Hailo. She also co-founded a company called Kit, which was acquired by Patreon in 2018. In today’s podcast, we discuss:

• Advice on building a successful career as a creator

• Her take on the future of the creator economy

• The best and worst parts of building products for music artists

• What Apple product teams do differently

• The story of meeting Steve Jobs

• Advice for founders going through acquisitions

—

Find the full transcript at: https://www.lennyspodcast.com/monetizing-passions-scaling-marketplaces-and-stories-from-a-creator-economy-vet-camille-hearst/

—

Where to find Camille Hearst:

• Twitter/X: https://twitter.com/camillionz

• LinkedIn: https://www.linkedin.com/in/chearst/

—

Where to find Lenny:

• Newsletter: https://www.lennysnewsletter.com

• Twitter/X: https://twitter.com/lennysan

• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

—

In this episode, we cover:

(00:00) Camille’s background

(04:24) Camille’s role as Head of Fan Monetization at Spotify

(07:40) The best and worst parts of working with artists

(14:15) Trends in the content creation world

(19:29) Advice on building a successful career as a creator

(21:32) The importance of content curators

(22:30) Camille’s startup, Kit 

(24:49) Advice on selling your startup

(28:28) The supply side of marketplaces

(34:37) How Camille became the second PM at iTunes 

(35:43) The story of meeting Steve Jobs

(43:01) Apple’s style of product management

(45:54) Opportunities on the platform side of content creation

(48:34) Camille’s early years growing up in a creative tech family

(53:45) Favorite frameworks

(52:32) Lightning round

—

Referenced:

• Adam Fishman on Lenny’s Podcast: https://www.lennyspodcast.com/how-to-build-a-high-performing-growth-team-adam-fishman-patreon-lyft-imperfect-foods/

• The Federal Reserve says Taylor Swift’s Eras Tour boosted the economy. One market research firm estimates she could add $5 billion: https://www.cbsnews.com/news/taylor-swift-eras-tour-boosted-economy-tourism-federal-reserve-how-much-money-made/

• Yelp coins the “Beyoncé bump” for the economic halo created by the pop star’s Renaissance Tour: https://fortune.com/2023/07/19/beyonce-renaissance-tour-economic-impact/

• Lenny Bot: https://www.lennybot.com/

• YouTube streamer faces riot charge after Union Square Park erupts in chaos: https://www.nytimes.com/2023/08/04/nyregion/union-square-kai-cenat-twitch-giveaway.html

• Michelle Phan on YouTube: https://www.youtube.com/MICHELLEPHA

• Rover: https://www.rover.com/

• Airbnb’s product management shift: the view from product leaders: https://www.mindtheproduct.com/airbnbs-product-management-shift-the-viewpoint-of-product-leaders/#

• Hiroki Asai on LinkedIn: https://www.linkedin.com/in/hiroki-asai-a44137110/

• The Really Good Podcast: https://podcasts.apple.com/us/podcast/the-really-good-podcast/id1697794816

• Nichiren Buddhism: https://www.bbc.co.uk/religion/religions/buddhism/subdivisions/nichiren_1.shtml

• What’s Love Got to Do with It on Hulu: https://www.hulu.com/movie/whats-love-got-to-do-with-it-f996a307-ee91-4550-8829-3694f55e0189

• Marty Cagan on Lenny’s Podcast: https://www.lennyspodcast.com/the-nature-of-product-marty-cagan-silicon-valley-product-group/

• Why you should eat the frog first: https://asana.com/resources/eat-the-frog

• Draw the owl: https://review.firstround.com/draw-the-owl-and-other-company-values-you-didnt-know-you-should-have

• The Three-Body Problem: https://www.amazon.com/Three-Body-Problem-Cixin-Liu/dp/0765382032

• Kindred: https://www.amazon.com/Kindred-Octavia-Butler/dp/0807083690

• A Wrinkle in Time: https://www.amazon.com/Wrinkle-Time-Quintet/dp/0312367546/

• Foundation on AppleTV+: https://tv.apple.com/us/show/foundation/umc.cmc.5983fipzqbicvrve6jdfep4x3

• Battlestar Galactica on SyFy: https://www.syfy.com/battlestar-galactica

• Hijack on AppleTV+: https://tv.apple.com/us/show/hijack/umc.cmc.1dg08zn0g3zx52hs8npoj5qe3

• Shadow and Bone on Netflix: https://www.netflix.com/title/80236319

• Afrobeats playlist on Spotify: https://open.spotify.com/playlist/37i9dQZF1EQqFPe2ux3rbj

• “Calm Down” by Rema on Spotify: https://open.spotify.com/album/37iaWiKMa9YBbEDlw5c3Qh

—

Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

—

Lenny may be an investor in the companies discussed.

Tuesday briefing: Israel protests; U.S. heat wave; Rio Grande barrier; Spotify price hike; white font résumé trick; and more

Read today's briefing.

Brought to you by Microsoft Clarity—See how people actually use your product | Eppo—Run reliable, impactful experiments | Eco—Your most rewarding app

—

Gustav Söderström is the Co-President and Chief Product and Technology Officer at Spotify. He is responsible for Spotify’s global product and technology strategy, overseeing the product, design, data, and engineering teams. Prior to Spotify, he founded 13th Lab, a startup that was later acquired by Facebook’s Oculus. He also served as the Director of Product and Business Development for Yahoo Mobile and founded Kenet Works, a company focused on community software for mobile phones, which was acquired by Yahoo in 2006. In today’s episode, we discuss:

• How Spotify structures product teams to promote freedom of thought

• Lessons on thinking long-term and navigating negative feedback

• Why Gustav started a podcast and what he’s learned

• How AI has impacted the work PMs, engineers, and designers do within Spotify

• AI-generated music and its impact on artists

• What’s next for Spotify and Spotify Podcasting

—

Find the full transcript at: https://www.lennyspodcast.com/lessons-from-scaling-spotify-the-science-of-product-taking-risky-bets-and-how-ai-is-already-impacting-the-future-of-music-gustav-soderstrom-co-president-cpo-and-cto-at-spotify/#transcript

—

Where to find Gustav Söderström:

• Twitter: https://twitter.com/GustavS

• LinkedIn: https://www.linkedin.com/in/gustavsoderstrom/

—

Where to find Lenny:

• Newsletter: https://www.lennysnewsletter.com

• Twitter: https://twitter.com/lennysan

• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

—

In this episode, we cover:

(00:00) Gustav’s background

(04:08) The various roles Gustav has occupied at Spotify

(06:54) Why Gustav launched a podcast and what he learned

(12:37) How PMs and product teams should think about AI

(21:23) AI-generated music

(26:19) Will AI continue to be a magic trick for products?

(28:27) How Spotify organizes product teams

(34:33) How Spotify operationalized autonomy

(35:45) Why Spotify uses a centralized model for structuring their organization

(43:34) The big bet Spotify took with redesigning its interface, and what they learned

(57:26) How they tested their hypothesis before launch

(1:02:35) Gustav’s “10% planning time” methodology 

(1:03:53) How to bring energy and clarity to your work

(1:08:07) How to systematize deep thinking

(1:10:29) The peeing-in-your-pants analogy 

(1:11:38) Thoughts on how the Swedish culture is portrayed in Succession 

(1:13:30) What’s next for Spotify and Spotify Podcasting

(1:15:52) Lightning round

—

Referenced:

• Spotify: https://open.spotify.com/

• Daniel Ek: https://www.linkedin.com/in/daniel-ek-1b52093a/

• Spotify: A Product Story podcast: https://open.spotify.com/show/3L9tzrt0CthF6hNkxYIeSB

• Spotify’s AI DJ: https://newsroom.spotify.com/2023-02-22/spotify-debuts-a-new-ai-dj-right-in-your-pocket/

• Avicii: https://avicii.com/

• DALL-E: https://openai.com/product/dall-e-2

• Stable Diffusion: https://stability.ai/

• Midjourney: https://www.midjourney.com/

• Brian Chesky: https://www.linkedin.com/in/brianchesky/

• Succession on HBO: https://www.hbo.com/succession

• Fjällräven: https://www.fjallraven.com/us/en-us

• 7 Powers: The Foundations of Business Strategy: https://www.amazon.com/7-Powers-Foundations-Business-Strategy

• Charlie Munger: The Complete Investor: https://www.amazon.com/Charlie-Munger-Tren-Griffin

• The Mystery of the Aleph: Mathematics, the Kabbalah, and the Search for Infinity: https://www.amazon.com/Mystery-Aleph-Mathematics-Kabbalah-Infinity

• Something Deeply Hidden: Quantum Worlds and the Emergence of Spacetime: https://www.amazon.com/Something-Deeply-Hidden

• Helgoland: Making Sense of the Quantum Revolution: https://www.amazon.com/Helgoland-Making-Sense-Quantum-Revolution

• The Beginning of Infinity: Explanations That Transform the World: https://www.amazon.com/The-Beginning-of-Infinity

• The Fabric of Reality: The Science of Parallel Universes—and Its Implications: https://www.amazon.com/The-Fabric-of-Reality

• The Case Against Reality: Why Evolution Hid the Truth from Our Eyes: https://www.amazon.com/The-Case-Against-Reality-audiobook/dp/B07VL5TCVF/ref=sr_1_1

• Gödel’s Proof: https://www.amazon.com/G%C3%B6dels-Proof-Ernest-Nagel

• The Demon in the Machine: How Hidden Webs of Information Are Solving the Mystery of Life: https://www.amazon.com/Demon-Machine-Information-Solving-Mystery

• Halt and Catch Fire on Apple TV: https://tv.apple.com/us/show/halt-and-catch-fire/umc.cmc.5s15r46uj0wx044tipm2zoh88

• Duolingo: https://www.duolingo.com/

—

Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.

—

Lenny may be an investor in the companies discussed.

We wrap up Angel Season 6 on First Time Funds with Pharrell Williams-signed rocker turned investor D.A. Wallach of TimeBio Ventures (32:23). But first, we do 4 rapid-fire news topics: Spotify spent ~$307M on FC Barcelona naming rights (2:56), AMC acquired a 22% stake in gold miner (10:29), Ex-Disney CEO Bob Iger joins the NFT avatar company Genies’ Board (16:14) and we break down the anatomy of two alleged NFT grifts (22:35).

(00:00) Jason and Molly intro the show: Spotify & FC Barcelona, AMC goes for Gold, Bob Iger joins Genies, NFT Grifts, Angel interview w/ DA Wallach
(02:56) Spotify drops reported ~$307M on FC Barcelona stadium naming rights
(09:18) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/angel
(10:29) AMC goes for Gold
(16:14) Bob Iger joins Genies board
(21:19) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
(22:35) Anatomy of NFT Grifts
(31:03) LinkedIn Jobs - Go to https://linkedIn.com/angel and post your first job for free.
(32:23) Angel S6 w/ DA Wallach of Time BioVentures

Check out Time Bio Ventures: https://www.timebioventures.com

D.A.'s Blog: http://www.dawallach.com

FOLLOW D.A. Wallach: https://twitter.com/dawallach

FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood