Spotify is returning a huge amount of money. We'll overtake iTunes in terms of what we bring to the record industry in under two years.

Gray hats are the ones who think they're doing good, but they're not. You learn that when the FBI shows up on your doorstep.

You have got to be willing to be poor as an entrepreneur.

I've never been much of a joiner.

There'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.

I've been doing a hybrid of investing and entrepreneurship, which I think initially I wasn't set out to do. But I realized it fit my personality.

It’s not cool. I think being a wealthy member of the establishment is the antithesis of cool. Being a countercultural revolutionary is cool. So to the extent that you’ve made a billion dollars, you’ve probably become uncool.