To give you more insight into IPOs, the lunacy of valuations, and the insanity. Shake Shack IPOed today and is trading at an eye-popping price-to-earnings ratio of about 325, with each restaurant valued at about $27 million. 1.6 b market cap. Insanity. Hence why a Spotify IPO would have zero problem with a 10 –…
Doug Morris clearly learned by not asking Jobs for equity: Spotify Strategic Global Partnership with Sony Network Entertainment International Spotify has announced a strategic global partnership with Sony Network Entertainment International, to deliver a best-in-class digital music experience with PlayStation. Through this partnership Spotify will launch within PlayStation Music in 41 markets to more than…
My guess would be the Spotify IPO launches by spring. You can feel the ramp up and the powers that be are far too smart for to wait for the current tech bubble to burst. Those of you affiliated with major labels should start to see the propaganda, requests for “playlists” etc., start to heat…
There are a lot of culpable parties in this streaming fiasco. First off, I don’t blame Daniel Ek for seeing a model that can be built, and building it. His premise of “at least we pay, so it’s better than pirating”, is a good position. He had already built and exited companies, so I am…
Spotify has nothing to do with music, saving the music business, or helping the business, it’s artists, writers, producers, etc. It is 100% a VC and PE backed tech venture whose end game is an IPO. If you chose to believe otherwise, then you are a fool of the highest order, You weren’t fool before,…
You know where the Spotify IPO will get cute? Once everyone who has equity is exposed and then the question becomes how close to SEC regulations did their public support come to investor fraud. I’m talking about artists specifically, and managers.
