The market is ridiculously overcrowded with early stage investors. This results in a talent drain, where the best talent gets diffused and work for their own startups.
Sean ParkerI had a desire to prove to myself that I was actually in control - that I wasnt a puppet.
Sean ParkerYou can now be a master of your own destiny. I'm not sure why you would sign up with a record label.
Sean ParkerThere's definitely some sort of dissent brewing between record labels, publishing companies and artists [about the compensation they get from streaming services] Spotify is returning a HUGE amount of money [to the record labels]. If we continue growing at our current rate in terms of subscriptions and downloads, we'll overtake iTunes in terms of contributions to the recorded music business in under two years.
Sean Parker