{"id":26265,"date":"2020-09-29T11:30:48","date_gmt":"2020-09-29T11:30:48","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=26265"},"modified":"2020-09-29T11:11:52","modified_gmt":"2020-09-29T11:11:52","slug":"spotify-founder-daniel-ek-promises-1bn-investment-in-super-companies","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/spotify-founder-daniel-ek-promises-1bn-investment-in-super-companies\/","title":{"rendered":"Spotify founder Daniel Ek promises $1bn investment in &#8220;super companies&#8221;"},"content":{"rendered":"\n<h4 style=\"user-select: auto;\"><span style=\"color: #3366ff; user-select: auto;\">Spotify&#8217;s founder and CEO, the highly successful Daniel Ek, is promising huge new investment in &#8220;super companies that raise the bar&#8221;.<\/span><\/h4>\n\n\n\n<p>Spotify are one of the most notable tech startup success stories, amongst many that have spawned in the 21st Century. They have spread their vision globally and lead a revolution that has reinvented the music industry.<\/p>\n\n\n\n<p>With the knowledge of how powerful investment and belief in a new product can be, Daniel Ek &#8211; the founder and CEO of Spotify &#8211; is looking to give back to new startups and entrepreneurs in Europe. He says: &#8220;I want to do my part; we all know that one of the greatest challenges is access to capital.&#8221;<\/p>\n\n\n\n<p>Ek has pledged $1 billion in investment over the next 10 years in up and coming deeptech projects or &#8220;moonshot projects&#8221;. These include machine learnings, biotechnology, materials sciences and energy companies and ideas.<\/p>\n\n\n\n<p>Ek adds: &#8220;I get really frustrated when I see European entrepreneurs giving up on their amazing visions selling early on to non-European companies, or when some of the most promising tech talent in Europe leaves because they don&#8217;t feel valued here.&#8221;<\/p>\n\n\n\n<p>One of Spotify&#8217;s earliest investors, Shakil Khan, has tweeted out his support suggesting that he is coming out of retirement to help Ek achieve their &#8220;European Dream&#8221;. Khan invested nearly half of his net worth in Ek and Spotify with a belief in the company and so knows full well the potential in burgeoning companies when given the chance.<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">I guess it\u2019s time to come out of retirement then. <a href=\"https:\/\/t.co\/57YcGf8YSi\">https:\/\/t.co\/57YcGf8YSi<\/a><\/p>&mdash; Shakil Khan (@shak) <a href=\"https:\/\/twitter.com\/shak\/status\/1309136665236172807?ref_src=twsrc%5Etfw\">September 24, 2020<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Ek continues: &#8220;Europe needs more super companies, both for the ecosystem to develop and thrive; but I think more importantly if we&#8217;re going to have any chance to tackle the infinitely complex problems that our societies are dealing with at the moment, we need different stakeholders, including companies, governments, academic institutions, non-profits and investors of all kinds to work together.<\/p>\n\n\n\n<p>&#8220;We need more super companies to raise the bar and can act as an inspiration&#8230; There&#8217;s lots and lots of really exciting areas where there are tons of scientists and entrepreneurs right now around Europe.&#8221;<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spotify&#8217;s founder and CEO, the highly successful Daniel Ek, is promising huge new investment in &#8220;super companies that raise the bar&#8221;. Spotify are one of the most notable tech startup success stories, amongst many that have spawned in the 21st Century. They have spread their vision globally and lead a revolution that has reinvented the music industry. With the knowledge of how powerful investment and belief in a new product can be, Daniel Ek &#8211; the founder and CEO of Spotify &#8211; is looking to give back to new startups and entrepreneurs in Europe. He says: &#8220;I want to do&#8230;<\/p>\n","protected":false},"author":12,"featured_media":26268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8879],"tags":[3780,17475,17470,17471,17468,17472,17474,1046,17467,17469,17473],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spotify founder Daniel Ek promises $1bn investment in &quot;super companies&quot; - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/spotify-founder-daniel-ek-promises-1bn-investment-in-super-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spotify founder Daniel Ek promises $1bn investment in &quot;super companies&quot; - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"Spotify&#8217;s founder and CEO, the highly successful Daniel Ek, is promising huge new investment in &#8220;super companies that raise the bar&#8221;. Spotify are one of the most notable tech startup success stories, amongst many that have spawned in the 21st Century. They have spread their vision globally and lead a revolution that has reinvented the music industry. With the knowledge of how powerful investment and belief in a new product can be, Daniel Ek &#8211; the founder and CEO of Spotify &#8211; is looking to give back to new startups and entrepreneurs in Europe. 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