A short YouTube excerpt in which Spotify founder Daniel Ek explains why he is not worried about competition from Apple and Google. Ek argues Spotify’s advantage is specialization — Spotify focuses solely on its music service while Apple and Google run many other businesses — and that intense focus and rapid iteration on one problem will allow Spotify to win.
Chapters
I think both Apple and Google are serious in music and we'll keep on investing in trying to make it. Apple and Google does this and about 10,000 other things. We're specialized. We don't do anything other than our own service. This is all I do every day. We think by that focus, in the thousands, if not millions of hours that we produce in just creating that experience, we will win. The way you win in this fast moving world where honestly it's moving faster and faster by the day and there's so much innovation around the world, the only way you can win is by being super focused on solving one problem better than anyone else and by moving faster than everyone else in solving that problem. It's really simple if you think about it like that. I like to think that it doesn't matter how many smart Mensa people you have in your company, sooner or later you're going to get defocused if you do a thousand things and you can't do all thousand things super well.