AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Rocketship.fm
The Findaway Journey: From Startup to Spotify Acquisition
Sep 5, 2024
Mitch Kroll, co-founder and longtime CEO of Findaway, shares the thrilling journey of his tech company from a small startup to a $123 million acquisition by Spotify. He discusses the pivotal strategic pivot from music to audiobooks, emphasizing the importance of adaptability and vision. Kroll reveals insights on building success outside traditional tech hubs and highlights the personal fulfillment gained throughout the 18-year journey. This conversation is packed with lessons for aspiring entrepreneurs on resilience and the evolving nature of innovation.
57:41
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Findaway's successful pivot from retail to institutional markets and digital distribution exemplifies the importance of adaptability in entrepreneurship.
- Mitch Kroll's focus on cultivating a strong company culture and promoting from within contributed significantly to employee satisfaction and retention.
Deep dives
The Origin of Findaway
Findaway was originally conceived by a group of five founders inspired by the potential of digital audio, particularly influenced by early iPods. They pivoted from an initial concept focused on preloaded music to explore audiobooks after a breakthrough moment sparked discussions about the importance of words over music. This shift not only represented a new business direction but also demonstrated the team's willingness to navigate uncharted waters, despite having no prior experience with audiobooks. Their collaborative brainstorming led to the creation of Playaway, a portable device that revolutionized how audiobooks were consumed, fundamentally changing an industry they had never engaged with before.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode