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I thought I lived near the guy who invented Spotify in Marin county? He has definetly made quite a profit off Spotify?

• stephenhess 11y ago
  There's a difference between generating business value and generating profit. It's common for founders to get liquidity during financing events and this typically involves a sale of equity (i.e. transfer of business value from the founder to another stakeholder). This is distinct than the company becoming profitable; many companies will increase in value while not being profitable. The original commenter is making this comment I presume because he/she thinks Spotify is a mature enough business where it should be generating profits instead of operating at a deficit in order to grow and grab market share.
• kunaalarya 11y ago
  you're probably thinking of Pandora's CTO who has a gorgeous house there. Spotify's founders are from/live in Sweden.