Panic with Friends - Howard Lindzon

Patrick Spence, CEO of Sonos, on Fighting Giants and Finding the Sweet Spot Where Fashion Meets Technology (EP.198)


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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
...more
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