Lenny Distilled

Camille Hearst

Head of Fan Monetization, Spotify

5 quotes across 1 episode

Monetizing passions, scaling marketplaces, and stories from a creator economy vet

Start preparing to sell your company from the moment you found it which is a weird thing because obviously, if you're starting a company, for most founders, they want it to be the next big thing, they're not starting it in order to sell it, but it's a good thing to have on your radar because you never know what the future holds.

We call it internally the hamster wheel of content creation. You get on because you love it and then how do you get off.

I actually just think they're two-sided and you start with the supply and at the end of the day, you can optimize for the demand side or choose who you're going to prioritize in terms of if there's a conflict, we're going to pick this side or the other.

In a marketplace like that where it's real time people trying to get a cab to go from uptown to downtown, you see the inexperience firsthand the impact to your business if you don't have suppliers, if your suppliers aren't happy, if they go on strike, if there's regulations that mean you can't use your service.

To some degree, there has to be a value exchange that happens in order for a creative person to live from their art.