Panic with Friends - Howard Lindzon Patrick Spence, CEO of Sonos, on Fighting Giants and Finding the Sweet Spot Where Fashion Meets Technology (EP.198)
Today’s guest is an incredible leader building an incredible company. Patrick Spence is the CEO of Sonos ($SONO), a $3.5 billion dollar hardware audio company. I get excited because this is one of those companies I like to call fashology – where fashion meets technology. Patrick made his bones at Blackberry, fighting in a land of giants; taking on Apple and Google and Microsoft and Qualcomm. And at Sonos he continues to wage war in a world of giants, competing against the likes of Apple and Google. It’s a great growth story and I hope you enjoy it.
Guest - Patrick Spence, CEO at Sonos
howardlindzon.com, sonos.com
Twitter: @howardlindzon, @PanicwFriends, @Patrick_Spence, @Sonos, @knutjensen
linkedin.com/in/patrickspence
#fintech #invest #investment #venturecapital #stockmarket #finance
Show Notes:
- (00:49) – Intro
- (04:01) – Welcome Patrick
- (06:33) – Taking the reins at Sonos
- (10:05) – The background on Blackberry
- (18:24) – Innovators Dilemma - Lessons from Blackberry
- (24:23) – Taking on Big Tech
- (26:18) – Hitting escape velocity
- (29:06) – Peter Lynch - Buying what you know
- (30:02) – Partnering with IKEA
- (36:36) – Partnerships and Collaboration
- (40:20) – Tackling the Supply Chain
- (42:09) – Remote work and company culture
- (45:27) – Wrapping up
- (47:05) – Closing thoughts