So Steve Jobs' lore was that if you were
in an elevator with him, you better be prepared to talk about what you do at the company because
he had a habit of getting in the elevator and looking at you and saying, "What do you do? What
do you do here?"
0:11
And there were also rumors that people who had not given him a good answer,
that ended up being their last day at Apple.
0:23
So there was someone who I didn't know
personally but worked in my department before I got there who got in an elevator and
looked up and Steve was approaching him and so he went to press the button to open the door
and accidentally pressed the one to close the door.
0:40
And it was like doing this press...
0:40
You
can't see me if you're listening on podcast but frantically pressing the button, trying to
open the door, but accidentally pressing the closed door button and the elevator going to its
destination.
0:52
And apparently he got off and just bolted straight up, ran down the hallway.
0:57
He'll never remember my face. Yeah, exactly. I disappeared.
1:04
Welcome to Lenny's Podcast where I interview
world-class product leaders and growth experts to learn from their hard win experiences building
and growing today's most successful products.
1:15
Today my guest is Camille Hearst.
1:15
Camille is
head of fan monetization at Spotify.
1:15
Before that, she was head of product for creators of
Patreon.
1:21
She was product marketing manager at YouTube and the second PM on iTunes.
1:25
She's also a former founder.
1:25
She started a company called Kit that she sold to Patreon.
1:29
And this episode is for anyone who's curious about the creator space, either from
the creator side or the platform side, or if you'd just like to hear a bunch of
fun stories from an awesome product leader.
1:42
We chat about the future of creator platforms, how
to be successful as a creator, and also as a new creator platform, the downsides of creator life
plus frameworks, stories from Steve Jobs, ways to monetize being a creator and so much more.
1:53
Enjoy this episode with Camille Hearst after a short word from our sponsors.
1:58
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4:20
Camille, thank you so much for being
here. Welcome to the podcast.
4:27
Thank you so much for having me, Lenny.
4:27
I first wanted to just give a big thank you to Adam Fishman for introducing us who had
just so many nice things to say about you and so I'm really excited to be chatting.
4:35
I want to start with talking about your current role at Spotify and I believe
your role is head of fan monetization.
4:45
What does that actually entail and what
are you responsible for within Spotify?
4:48
As head of fan monetization, I have a team
of folks who are really passionate about figuring out new ways to help artists
and fans connect and also figure out ways to make those connections result in new
monetization opportunities for the artists.
5:08
So one of the things that we all know and we've
seen is how passionate fans are about the artists that they love.
5:14
You've been following any of
the latest bits about the Taylor Swift tour, the Beyoncé tour that's been happening
this summer, and their effect on local economies.
5:23
It's been pretty impressive.
5:23
But one of the things that we also know is it's not just the big huge superstars who have
those rabid and super engaged fan bases.
5:30
People are really passionate just about supporting
the artists that they love in general.
5:40
And on Spotify, we want to figure out
ways we can help that result in more money that goes directly to the artist.
5:45
What are some of those ways just to give people a sense of what might be happening?
5:50
So one of the ones that most mature is merch which is funny to say because most people probably
don't realize that you can purchase merch on Spotify.
6:01
That's one that's been around-
I did not realize that. ...
6:03
for a bit of time and my team's recently
been working on making it more prominent, giving artists more ways to offer that merch in
the form of a reward for fans.
6:08
So things like an exclusive discount or an exclusive design or early
access because you're a top listener on Spotify, really thinking about thank yous and rewards
for your Spotify listenership and fandom.
6:27
And then other things we've been looking
at have been listening parties.
6:27
We ran a few of those over the past year.
6:32
I think I
talked about it actually on a Spotify event a few years ago. We were running...
6:39
Sorry,
it wasn't a few years ago, it was last year.
6:43
But listening parties is another way and then
we've got some new ideas we're exploring.
6:50
I've heard people do listening parties with this
podcast actually and I hope that you roll that out to podcast too because that would be very cool. Yeah.
6:55
We have all kinds of ideas of really interesting ways we can bring groups of people
together and get the monetization going. All right. One day. Mysterious but exciting.
7:08
Speaking of Taylor Swift, I was watching a TikTok the other day and they
showed a video of someone inside the concert showing the whole concert and then they panned
to the parking lot and there was just tens of thousands of people just standing around in the
parking lot listening to the second order music out at the stadium.
7:29
And I wonder how can you
monetize that if there's an opportunity? Yeah.
7:34
I think they often have the merch trucks
in those parking lots though one way- Probably unofficial merch. Yeah.
7:40
So you work with artists and I actually
wanted to ask this question.
7:40
What's the best part about working with artists, musical
artists, and what's the worst part?
7:48
I think the best part is working with people
who really lean into their creativity and their passion so much so that they do it for a
living.
7:55
And I think a lot of us have creative pursuit and passions and things we love to do and
if we made millions of dollars and could retire, what would you do full time?
8:09
Usually, it's
one of these pursuits.
8:09
But I think it takes an element of bravery, not to mention talent,
but you really have to go out on a limb.
8:18
And so that's this equality that exists in this
group of people and it's fun to be around and feel that rub off on you and think, "Oh, maybe
I could take the dive one day and I don't know, go do my calligraphy or learn my ukulele and
then do it full time."
8:29
But that's the best part.
8:35
And the thing I'm really...
8:35
I grew up in
a musical household.
8:35
My dad's a drummer although his joke when we were growing up was
real musicians have day jobs because he had to actually have a job with benefit to support the
family and couldn't just be gigging full time.
8:54
Which actually brings me to the flip side
of the question which you asked what is the hardest part.
8:58
I do think we saw this a lot
at Patreon and I think you see it especially with musicians and artists, this feeling that
you want to give your fans everything that you create and you want to do it for free because
you're so enamored with this idea that people really love you and want to support you and
they're really responding to your creativity and everything that you're making, you don't want
to charge them.
9:22
But what comes with that is, well, how are you going to make a living.
9:27
To some degree, there has to be a value exchange that happens in order for
a creative person to live from their art.
9:36
And I've found that that's much
more pronounced with musicians, this starving artist ethos which makes what I'm trying
to do actually quite difficult because a lot of the feedback we get is, "Oh, that's awesome.
9:49
I
want to have a listening party and have everything be free and just have everyone show up and don't
sell anything."
9:53
And we're really looking at it as a way to fans want to support the artists
they love, they want to open up their wallets.
10:03
You've see nothing else from a Substack
and Patreons that people are actually really happy to be a patron of the arts and
they look at it as like a badge of honor.
10:12
But musicians in particular I think tend
to shy away from that which makes the kind of thing that I'm working on more difficult.
10:18
This's a great segue to an area I want to spend time on is the creator economy and creators and
artists and things like that.
10:21
And along these lines, I think I have this issue too.
10:26
I feel bad
charging people but there's also...
10:26
I don't think my stuff is worth enough to charge for and why
would anyone ever pay anything for it and so I imagine you see that too.
10:36
It's just like, "No
one's going to pay for this. It's crazy." Yeah.
10:39
It's funny because we live in a very
capitalist and market dictate the price kind of society, but on an individual level,
particularly when the commodity so to speak is art, there's so many emotions and feelings
involved in that that it's hard for someone who's the creator to disassociate themselves
from it and see what the market will bear.
11:04
Which is why I actually think it's great that
there's platforms who have stepped in and said, "Hey, we see an opportunity.
11:11
Let us insert
ourselves in the center, let us aggregate, and let us do the hard work of pricing and
payment and tax and finance and actually create value where it would be really hard for
an individual person who's a creator to do all of this work and facilitate that connection."
11:31
It's
almost like the perfect marketplace solution.
11:37
But again, it's hard because if the supplier
doesn't want to actually make money in some cases or shies away from optimizing or making money.
11:43
And then there's the creative process.
11:43
Sometimes, you're in a flow mode and you're producing a
lot and then other times, you're in a drought spell and these things ebb and flow which
is why I think companies like Patreon and Substack are really cool because what they try
to do is smooth out that revenue and make it so an artist can actually have a predictable...
12:06
They're not even artist, a creator can have a predictable sustainable paycheck so that they
aren't bouncing around from job to job and losing the ability to have that burst of creativity
because they're worried about their bills.
12:22
I have that experience myself with Substack which
is a subscription newsletter and one of the big downsides people don't think about with this life
is once you start charging, people start buying, say, an annual subscription and that means I have
to at least go for another year and in reality, I never really want to stop it because the
revenue would just stop and that would be really sad.
12:40
So you get on the treadmill where
you don't really have an exit path.
12:40
And I'm not sure exactly where this all goes, but it's
been great.
12:44
But that's something people don't think a lot about is this never ending,
keep creating, keep creating life.
12:51
We call it internally the hamster wheel
of content creation.
12:51
You get on because you love it and then how do you get off.
12:57
you love it and then how do you get off.
So it's actually an interesting challenge again for platforms to think about where can they add
value, are there ways to either make the content creation process that much easier and I don't want
to say less of a burden because it's not a burden
13:14
but sometimes, if you don't have time or you're
just at a point in life where you can't do it, are there services or things that can be offered, are
there things like financing that makes sense for creators that banks or traditional institutions
wouldn't offer because of just the difference in the type of work that's being produced.
Or another potential solution is are there
13:31
Or another potential solution is are there ways that platforms can create content.
13:37
Maybe it's
automated so that the creator can take a break.
13:43
So maybe they're not AI necessarily, maybe it's
more just aggregating data or doing summaries or maybe there's just other ideas that haven't been
explored out there. But it's a real problem. So I have this lennybot.
13:55
com site which is an
AI chatbot based on all my content including the podcast episodes and actually, an engineer
who was listening to this podcast reached out and offered to help me build it and he did and
it's awesome.
14:05
And I'm curious if that becomes my retirement plan as the bot ends up just doing
this and learns enough.
14:11
I highly doubt it, but it's fun to experiment with. Yeah.
14:17
Use your own content as your large language model, right? Exactly.
14:20
That's exactly what it is.
14:23
And I'm curious where this goes.
14:23
I want to follow the thread of the creator economy.
14:28
It feels like there's this huge wave
of the creator economies, the future of work, and all these platforms launched to allow
creator to make money.
14:33
But it feels like over the past couple of years, it feels like
it faded away.
14:39
And these very small number of platforms essentially one YouTube, Spotify,
Instagram, TikTok, Patreon, maybe Substack, and there was also the sense that the future
of work is freelance, everyone's going to be working for themselves, creating stuff, and it
feels like people are still working regular jobs.
14:59
A lot of these startups haven't done great.
14:59
So I guess I'm just curious what you think happens maybe in the next five or 10 years
from a perspective of platforms emerging and also just from creators, what...
15:08
Do you think
things stay the same?
15:08
Do you think there's another wave?
15:12
Where do you think things go?
15:12
I think it was probably predictable to some degree that platforms would win because just
of the nature of aggregation.
15:18
Once you have either all of the supply or you've aggregated the
demand, it's really a strong network effect.
15:26
Why investors love to invest in these types
of businesses, it's hard to break out.
15:36
I wouldn't underestimate the strategic ability
either of some the big platforms.
15:36
They were definitely thinking ahead and building features
and thinking about whether or not they saw it as a monetization opportunity.
15:50
It certainly is a great
strategic play to make sure that creators felt like they were on the platform that made the most
sense for them and they weren't going to churn or leave or try too many other places out.
16:01
So I think the rush and the funding was to figure out is there room for any other
new platforms, are there specific vertical that maybe there's an opportunity to create
vertical specific features and tooling.
16:18
And actually, I think we saw a huge massive
creation there in Twitch, right?
16:18
Twitch did not exist and they're just a juggernaut.
16:24
I think TikTok is another one that came out of this era.
16:28
Maybe they weren't positioned as
creator economy type startups but effectively...
16:34
Did you see what happened in Union Square
here with Kai, the gaming streamer? No.
16:39
So I'm in New York and last week, there was a mob and a riot because a Twitch streamer
announced that he was going to be giving away PlayStations and computer gear in Union Square and
something like a million teenage boys showed up. I'm not making this up.
16:57
And they had to shut down
the center of New York City to clear what turned into protest, riot, mob-
Holy shit. ...
17:07
of teenagers who came for this one creator
that probably no one listening to me right now has even heard of. Yeah.
17:16
So I do think a lot of the predictions
have come to bear.
17:16
There are tons of people making money and making a living
from creating content on the internet.
17:27
There have been studies too where they ask
young people what they want to do and what they want to be when they grow up, we
quote these at, excuse me, Patreon and over 60% want to create content for a living.
17:37
So those trends I don't think are going anywhere.
17:46
Maybe it'll be supplemental income, maybe it'll
be something you do for a period of your life.
17:51
But I do think that this area continues to be
untapped.
17:51
I just don't see a world where...
17:57
I think of Michelle Phan, right?
17:57
She's basically a mini Disney and when you think of it like that, she's created
IP. What can you do with IP?
18:02
Comic books, movies, TV shows, plushies, merch.
18:09
How many millions
of Michelle fans are we going to have seen?
18:15
Look at what's happening in China.
18:15
There's tons of creators like this.
18:20
So whether or not the VCs have won or the startups have succeeded, there's no way that
you can lower the cost of content creation and increase the scale of distribution and not see
this emerge, this creator economy I think emerge.
18:40
But I think that maybe there's still opportunity
for more companies to blossom and to grow and certainly for more individuals maybe
do this, figure it out on their own, and do it without too many big platforms
getting paid off of their creative pursuit.
18:58
Have you seen the NPC trend on TikTok/maybe
Instagram Reels where people pretend to be NPCs, non-playable characters, from a video game? I have not. Okay. It's crazy.
19:07
People just pretend
to be a computer character and people pay them little gifts to do a thing. Oh. Is this the... Yes. Have seen it.
You're making tens of thousands of dollars a day just...
19:26
So that's one way to make a living. Yeah.
19:30
On the thread of becoming a creator, you've seen
a lot of creators try to do this on Patreon, back at Apple even with iTunes, I want to chat
about that, at Spotify now, and even your startup.
19:43
I'm curious what you've seen is
important to success in the creator life, especially things that are maybe not obvious
to people.
19:49
What do people need to get right if they want to pursue that path?
19:52
One of the things that I've seen that I don't know if people realize is consistency
and predictability of content creation which is where this idea that we were talking about
earlier of a hamster wheel kind of comes on.
20:07
But there is something to churning
out consistent quality work and putting it out there for your audience to
consume and respond and react to that goes a long way.
20:21
It's almost like the 10,000 hours.
20:21
You have
to do 10,000 hours of something in order to truly master it.
20:27
But I've seen that time and again.
20:27
I started at YouTube in, let's see, how old am I? It must have been 2010.
20:34
And that was when
I really think this whole thing was just first getting going.
20:40
And we used to put together these
playbooks of what made a creator successful because a lot of the effort there was trying to
support this burgeoning economy.
20:46
And I remember even back then in 2010 and to this day, that
continues to be one of the top pieces of advice.
20:57
Another one is collaboration.
20:57
So working with
other great creators, sharing audience, exposing one another to those audiences, and then this
was something we tried to employ at my startup, Kit.
21:12
We would actually host events for creators
to get together to facilitate meeting and cross pollination in the hopes that it would just
benefit their careers.
21:20
If they were doing YouTube videos with someone they met at the party,
then it would be great for all parties all around. So those are two things.
21:30
And then I do think in a world with all of this content, there continues
to be a need and a space for the curator.
21:42
And curators as creator's kind of an interesting
concept.
21:42
But a curator is almost like what the role at book publishing company plays or a record
label plays or a radio station plays, right?
21:56
There is a degree of having a brand, having
something you stand for, having a vibe or an ethos and that person being almost, not a
gatekeeper in a bad way, but like, "I, Camille, can't consume anywhere near all this
content. You, I trust your vibe.
22:09
Tell me what I should be listening to."
22:15
And so that would be
the third thing I would say is figure out who are those curators who you really can associate your
content with who are on the same page as you, have an audience who you think would like your stuff
and just try and get associated with them. Yeah. The last piece is so...
22:30
I totally see that
all the time.
22:30
If there's someone I super respect and they recommend something, I'm obviously going
to value that recommendation highly.
22:35
That's like we're influencing emerged from organically,
right?
22:40
People just, "Here's something you should check out," and then, "Oh, let's pay you to
share things so that people try our product."
22:48
That was the exact concept behind my startup,
Kit.
22:48
It was all about curating, finding people who are great recommenders for gear, having them
curate that gear, and then you could follow the curators you love who wants to go look on Amazon
and see reviews from people you've never heard of.
23:05
Oftentimes, if it's your brother-in-law
who's a great cyclist and they say, "Buy this," you just buy it.
23:10
You don't even care what the
reviews say because you trust that person.
23:13
What happened with the startup and what
did you learn from that experience?
23:17
I started working on the startup in 2015.
23:17
We managed to raise some money, raised over $2 million, which is a huge accomplishment,
especially if you know anything about venture capital.
23:31
They have a horrible track record
when it comes to funding people of color, women, people who are non-cisgender
white male, just the track record.
23:42
And we had an amazing experience building this
company over several years, grew a bunch of the key metrics up into the right and got to a point
where we were trying to figure out what the next move was and should we get a bridge round.
23:56
We were trying to raise Series A.
23:56
We were, I think, early on the creator economy trend.
24:03
Probably about a year and a half later, it would've been, I think, I hope a snap to
raise money.
24:08
But anyway, we were battling a bunch of different choices, different options.
24:16
And I actually did this startup accelerator called StartX that's run out of Stanford which is my
alma mater.
24:22
And we learned a lot about how to sell a company and what M&A looks like.
24:30
So we started exploring that path.
24:34
And in the end, it made the most sense for us
to have an exit and join forces with Patreon.
24:42
And so that's what we ended up doing.
24:42
Sold the
company in 2018, joined Patreon, worked there a couple of years, and that's where I met Adam. Amazing.
24:47
And I wanted to ask actually about that experience of selling a company.
24:51
There's
a lot of people listening right now who are thinking about selling their company or
maybe you hope to sell their company someday, and I think there's a reality of it and then
there's the idea of how it might go.
24:59
I'm curious what you've taken away from that experience.
25:06
And I guess specifically is there any advice you could share with folks that are thinking
about selling their company someday?
25:10
What you think maybe could have done earlier or also just
share a glimpse of the reality of acquisitions?
25:19
I think it's different for every company for sure.
25:19
Some companies get souped in and get bought.
25:19
And other companies actively sell themselves.
25:27
We are definitely in the latter camp which means that we manage a process.
25:34
It's similar to
how you manage a process for fundraising.
25:34
Not every company just meets the VC and raises money
on the first try.
25:40
They go through a process and meet tons of VCs and put them through the funnel
and end up on the other side hopefully with a successful round.
25:52
So I think that's one takeaway
is treat it like a process and manage it like a process if it is something you're interested in.
25:57
It doesn't really just...
25:57
For most companies, I would say it doesn't just happen.
26:02
And then the second piece of advice I would give I think we should have
been talking to potential acquirers from the beginning and sharing our vision and what
we were trying to accomplish because we started those quite late in our journey as a company and
it just meant it took...
26:18
When I met a potential CPO, who would acquire the company, who would
end up being my boss or CEO, it was their first time meeting me whereas if it had been their
fifth time, we would've had a relationship established and they would've known more about the
vision and what we're trying to do and hopefully, would've had some more time to think about it.
26:40
So those would be my two pieces of advice.
26:40
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.
27:02
And then two is to treat it like a process. Yeah.
27:07
On that piece of knowing people who may
acquire you, I found that to be a thousand percent true.
27:12
We sold our company the Airbnb and that's
how it got to Airbnb and what I realized is you just need people who may buy you in the future to
have you in their head when they have a problem so that they could be like, "Oh, Camille and her
team could solve this problem for us.
27:22
Let's go chat with her and-
Exactly. ...
27:28
see if they're interested in acquisition."
27:28
And on the process piece too, 1000% resonates. We basically...
27:33
When we started chatting
with a company, we're just like, "Okay, who else could potentially acquire us?
27:37
Let's make
a big list and who we can talk to at that company as soon as possible and then just explore."
27:41
But it's more challenging there because it's you reaching out to them being like, "Hey, you
want to chat about buying our company," versus them reaching out to you.
27:49
So to your point,
always goes better if they reach out to you, but you can't always control that. Right.
27:53
Or if the meeting is not under the context of buying it all, it's like, "We're
working on something cool. We have a great vision.
28:01
It aligns with what you're doing.
28:01
Maybe there's a
partnership here," versus just tell you what we're doing and then when I contact you in 12 months
about buying me, you've heard of me before.
28:12
I find even when you're starting to chat about
acquisitions, you never want to say directly, "Hey, you want to buy us?"
28:16
It's like, "Hey, you
want to have a strategic partnership of some kind?
28:19
You want to explore partnership?" So funny. Like dating. Yeah, yeah.
28:23
You can't just
be too direct sometimes.
28:28
So when you got to Patreon, I don't know if
it was immediate or eventually you ended up leading the creator side of the marketplace,
and I find that looking at your background, you basically stayed on the supply side of
marketplaces through your career mostly.
28:42
And I actually did the same thing.
28:42
All I worked on at Airbnb especially, or mostly, was the host side.
28:46
And I think it takes a specific mindset in person to be excited about that
side of the marketplace versus the consumer side which is where everyone always generally
wants to go, to the customer side.
28:55
So I'm curious what it is that's drawn you to that side of
the business across all the places you work and then just what you found to be important to
be successful in that role and on that side?
29:09
What drew me to that side of the business probably
was maybe accidental at the beginning.
29:09
Just again, coming from this musical family
and background, I always had a natural interest in helping artists make a
living.
29:23
So I think that interest was there. At Apple, I did...
29:28
There were only
two PMs there. We did everything.
29:34
At YouTube, I accidentally ended up in creator.
29:34
At YouTube, I accidentally ended up in creator.
But where I started understanding deeply the dynamics of the marketplace was actually my
experience and the one job I've had that not been in the creator or art or these big consumer
platforms or creator economy which was at a
29:53
startup called Hailo based out of London and at
the time was a huge competitor to Uber and Lyft in the ride sharing and ride hailing space
and I worked on the supply side making sure that there were enough cars to fuel the demand.
And in a marketplace like that where it's real
30:12
And 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.
30:41
And there I think I was...
30:41
So one of the projects that I worked on that I launched was the U. S.
30:46
Uber competitor
because Hailo in Europe was all about getting taxi cabs and did not play in the livery is what
it's called in New York or the private rides.
31:00
Basically, it's like your uncle or your aunt or
your cousin who can switch on Lyft and go pick up whoever.
31:06
That just was not a thing in Europe.
31:06
And so we had to figure out how to launch that in the U. S.
31:11
, how to get drivers on
how to create this supply and it was like it doesn't matter how nice the user
experience is, how great the marketing is, how much demand you can generate if when someone
opens that app, there are no cars available.
31:31
So a lot of people talk about marketplaces as
chicken and egg.
31:31
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.
31:51
And yes, you won't be successful with one side or the other but I just experienced and lived
firsthand the pain of having built this great operations back in that fed into this gray UI and
then you open that app and you can't get a ride because there aren't enough cars available.
32:09
So I think that solidified my feeling that with marketplaces, you can't lose sight of
the solving real pain points and needs for the supply side in order to make sure
the entire business can operate.
32:26
I've done a bunch of research into marketplaces
and I found basically the same thing, that supply is almost always where you need to focus almost
all your time especially at the beginning.
32:34
The way I think about it is that's if you
have a store that's stuff on your shelves and you're not going to have a business if
you don't have anything on the shelves. Exactly.
32:41
There's a few rare cases, I forget exactly which they were, where demand was actually
the bigger challenge and supply is really easy. You know what? It was Rover.
32:47
Rover had no
problem it turns out with supply because who wouldn't want to make 50 bucks watching a dog
for a few hours.
32:51
It was a really easy sell and a lot of people could do it and wanted to do it
so they actually found supply was not an issue.
33:00
But in most cases exactly how you said most 10
times supply is what people are looking for. Totally.
33:05
I find that the counter example I hear a lot is eBay, how they were so good at
aggregating demand, they were basically able to force suppliers to the terms that they
like. But I can't imagine...
33:15
It'd be interesting to talk to some folks who
were at eBay in their early days that the whole thing didn't start up without them
going out and figuring out who are the key suppliers we need to get on this thing
so that we can get aggregating demand. Yeah.
33:31
You got to have some good stuff on
eBay.
33:31
I wonder if Beanie Babies or whatever they started with. Yeah, exactly.
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34:37
You mentioned Apple and I want to spend a little
time there.
34:37
So you said you were the second PM on iTunes back in the day and I'm curious what you
learned from the experience you had working at Apple.
34:46
I think I read somewhere you worked maybe
closely with Steve Jobs and Jony Ive, but I don't know if that's true, but I'm curious just... No?
34:50
Okay, but you do have a Steve Jobs story? Yes. Okay. Yes.
34:58
So I was very early on in the iTunes days I
started interning there when I came out of grad school and my internship was actually
in label relation and then I started a full-time job doing product marketing.
35:13
And at Apple at the time, I think even to this day, they didn't have a product manager
title, they had product marketing managers.
35:19
And so one of my colleagues who remains good friends
to this day, Steve was the first also named Steve, not Steve Jobs was the first PMM working on iTunes
and he primarily was doing all the client stuff.
35:37
He launched the store and everything.
35:37
But I
think I was the second person in the iTunes group with that title. So that was really cool.
35:41
And then as far as the Steve Jobs story, I would think I mentioned to you people like hearing
this story, nothing happened, I just went up to him and said, "Hi, I'll tell the story."
35:51
But I think the context of why people find it interesting is because of other stories
about Steve.
35:56
So let me give a little context.
36:00
Those Steve Jobs lore was that if you were in
an elevator with him, you better be prepared to talk about what you do at the company because
he had a habit of getting in the elevator and looking at you and saying, "What do you do? What
do you do here?"
36:12
And there were also rumors that people who had not given him a good answer
that ended up being their last day at Apple.
36:24
So there was someone who I didn't know
personally but worked in my department before I got there who got in an elevator
and looked up and Steve was approaching him.
36:35
And so he went to press the button to
open the door and accidentally press the one to close the door and was doing this press...
36:41
You can't see me if you're listening on podcast but frantically pressing the button, trying to
open the door, but accidentally pressing the close door button and the elevator going to its
destination.
36:53
And apparently he got off and just bolted straight up, ran down the hallway.
36:59
He'll never remember my face. Yeah, exactly. I disappeared. So that's the context.
37:06
So in 2005, it's my first day of my internship at Apple and I had this
situation where I attended graduation because I only had one semester left to go back to,
so I just decided to attend the graduation.
37:23
That happened basically the week before.
37:23
And
for those of you who are the job span, this is when he gave his really inspiring and famous
Stanford commencement speech and it's an awesome, awesome thing to listen to. You were at that speech? I was there, yeah. Whoa. People love that speech. It's a good one.
37:47
It's really-
What did you feel being there listening to it in the moment? Totally inspired.
37:54
Apple was not quite what it is today in terms of
brand and influence and just it's at the peak.
38:06
It's really come a long way.
38:06
It was still
when I met the recruiter at a conference, I was like, "Apple? What do they do again?
38:11
My roommate had a Mac, but what's iTunes?
38:11
Oh, yeah, I think I've heard of that. I think..."
38:16
The dancing iPod silhouette ads which really sent Apple over the top.
38:21
Those
hadn't even really dropped yet, but it was starting, right?
38:25
It was starting
to percolate and bubble and you heard more and more about it and just the association
with music was making Apple more cool. But that speech is...
38:34
Talk about a
commencement speech. That is top-notch.
38:40
And Steve's great at those.
38:40
He
was phenomenal storyteller. So graduation is what?
38:44
Saturday, I go home Sunday.
38:44
The Monday I started my internship and here we are at Cafe Max with my new coworkers and Steve
is sitting literally at the table next to me.
39:00
And so I was like, "Oh my gosh, there's
Steve.
39:00
I would love to say hi and introduce myself and everyone at the table."
39:06
Now mind you, I hadn't heard this story about the elevator button in the full yet because it was my
first day, but they're all looking at each other.
39:15
They're like, "Yeah, go say hi to him if you
want, but you're an intern."
39:15
They say, "Hopefully, he doesn't fire you on your first day."
39:19
But I've always, in my family and in my life, had this encouragement to say hi to people
when you see them and let them know that you appreciate what they do and just thank
them because it doesn't happen often.
39:39
A lot of times, people go and they ask for a
picture or an autograph but this idea of just introducing yourself, saying hello, and thanking
someone for something that they've done that impacted you to something that's been a way that
my parents have encouraged me to behave in the
39:53
world and something that I saw them do and saw
them model because probably, again, coming from my dad being a musician and being fans of other
musicians that like a thing in music, the artist culture that talked to one another about how
something you created influenced you or whatnot. So I went up to him and I got up from my
lunch table and walked over and I said,
40:09
So I went up to him and I got up from my
lunch table and walked over and I said, "Hi, my name's Camille.
40:14
I'm interning here this
summer. It's my first day.
40:14
I was at graduation at Stanford on Saturday and your speech was amazing. I was really inspired.
40:22
I'm so excited to be here and so excited to work on this company and I
just wanted to say thank you for spending your time doing that speech for us on Saturday."
40:35
And he was like, "Who are you? What? You're an intern?
40:42
Well, what are you doing here?" It was
a little...
40:42
We had a little bit of an exchange.
40:42
I had to clarify like, "Yeah, I graduated, but I'm
interning and I have another semester left."
40:46
And he was like, "Oh, okay.
40:51
Well, welcome to Apple
and good luck and I hope you have a really great experience this summer." And that was it.
40:55
I
didn't get fired and I said hello to Steve.
41:00
And after that, I felt like I knew him.
41:00
Every
time, I'd see him around campus I'd wave high and I think he had no idea who I was but he would
look at me confused and then wave back hello. "She's so friendly. Who's this person?" Yeah.
41:14
Do you still remember how you would've described
what you do?
41:14
I have a feeling it's seared in your head, but if not, then never mind.
41:19
Oh, my statement, if he had asked me where [inaudible]. Yeah, exactly.
41:24
Well, yeah, I was lucky because one of
the things that I did he would actually know exactly what it is which is I would
manage press rooms whenever there was an iTunes launch.
41:35
So this is very much grunt work.
41:35
But when there would be a press event for one of the new iTunes 6 launch or whatever, they
would have interviews with Walter Isaacson or I don't know if Kara Swisher was working
back then, but whoever the journalist and Steve would have a room set up with an iMac
computer with an iTunes library full of track.
42:00
There would be whatever the new iPod was
synced to that computer and all of the track.
42:05
And after every interview,
everything would have to be reset.
42:10
Also, the library was crafted so he would give
feedback for months on the content of the library because he would do demos.
42:16
And so he wanted to
know, "Make sure all my favorite tracks are in there, my favorite Beatles records, my favorite
Bob Dylan records, and who's this artist? Let me check them out.
42:28
Okay, they don't cross the bar. Oh, what's this song? Oh, I love this song. Oh, add this."
42:32
So he was very involved in the entire
presentation and someone had to go do all that.
42:38
So who better than the fresh out of masters of
engineering in Stanford graduate student to go do all of the grunt work of making library?
42:46
But those are the kinds of details that he paid attention to.
42:50
And so I would've just told
him that I did product marketing and one of my main responsibilities was fixing the press room
for him and he would've been like, "Oh, okay."
43:01
You mentioned that your title is product
marketing manager and there was a recent kind of a hubbub on Twitter where Brian Chesky
at Airbnb shared that they shifted the role of product manager to essentially the Apple model.
43:10
And I'm curious what your perspective is on that approach to product, the Apple kind of way
versus a traditional product manager?
43:21
They have done this very intentionally
from what I've seen.
43:21
I know they hired Hiroki actually from Apple-
Yeah. A lot of Apple people. Yeah.
43:30
And actually one of the new leaders
they've hired, I don't know if you know Judson Coplan, dear friend of mine,
we interned that same summer at Apple and he worked there for 15 years
before heading over to Airbnb.
43:45
But yeah, the Apple construct, it's much more
of design and engineering led organizations, craftspeople I would say more so than strategy
people.
43:54
So that was one of the stark differences I saw in my transition from Apple to Google.
44:02
There are a lot more like people from Coca-Cola and McKinsey and Bain at Google.
44:07
I don't think
any of those people even existed at Apple.
44:14
And it was very much like, "Let's 3D chess our
way into what our next move is going to be."
44:20
Whereas at Apple it was, "Let's tinker and let's
craft and let's build and let's see what feels right."
44:27
There's different approaches.
44:27
As a result, the approach to product management was quite different.
44:31
So I think it makes sense.
44:31
Brian Chesky's background is a designer so it probably
resonates a bit more within the Apple way.
44:40
And then in terms of what it means for product
managers on an individual level, so again, there weren't product managers, the closest thing
would've been CPMs, technical program managers who help manage the sprints and manage the schedule
and listing out what features would happen.
44:58
I spent a lot of my time with the incredibly
talented design team and if I had ideas of product features or...
45:06
We would think months
ahead of time, like what's the anchor story or what are the three key messages for the launch
of iTunes 10 or whatever and we might have ideas for new features that would go in that.
45:17
But because we had that moment in time, we knew well ahead we were planning for and you
were working on the messaging and working on the consumer positioning again while in advance of
anything actually being live or built.
45:27
That was what framed what features you wanted to build and
what problems you would put on the table to be solved as opposed to as clear cut metric you're
trying to drive forward which is how product management has evolved in another capacity.
45:46
And that's how it works at most companies. Mm-hmm.
45:53
I want to come back actually to the creator economy stuff.
45:56
I feel like you've worked in the
creator economy longer than most anyone, and so I wanted to use our time to spend a little more
time there.
46:03
What about on the platform side?
46:03
If someone were thinking about starting a company to
cater to creators, to build a new platform maybe for creators to make a living, do you have any
advice for them?
46:15
Where do you think maybe there's opportunity?
46:19
Where do you think it's like, "No,
probably you don't want to spend time here?"
46:22
I think with any company, solving a real problem
is the most important thing.
46:22
So creators have lots of challenges and things that can be solved.
46:32
Some
painful things are more acutely felt than others.
46:40
I think at the core, every creator needs
two things.
46:40
They need to grow an audience and they need to get paid so that they
can make a living.
46:45
And in some ways, I do think that growing an audience is more
important because with that audience, it opens up opportunities in ways that you can monetize.
46:56
But there are all kinds of other things like we're talking about financing, health insurance, the
list goes on, things we face as human beings, trying to be freelancers in the world often apply
equally to people who are creative for a living.
47:14
And then there are unique things about the
creator space like the spurts of energy, the spurts of creative flow that maybe don't
apply in a salary job or an hourly job.
47:28
So there are lots of problems out there
still to be solved for creators.
47:28
I don't think that this space is nearly solved, done,
stick a fork in it.
47:34
So my advice would be to look at the problems that exist and
pick a real one and go for it. Wise advice.
47:46
Have you seen this podcaster, Bobbi, I forget her last name, she rocketed up
to the fourth biggest podcast in America with a few episodes of her podcast, she interviews Drake
and a few comedians.
47:59
Have you seen this person?
48:05
I feel like I should, but as we said at
the beginning, I'm such a music head, I don't listen to any podcast.
48:09
The reason I thought of her is I was watching a clip of her on an interview show and she hasn't
made any money from this even though she's got the hottest podcast in America right now, and
we're going to link to her in the show notes, but she's hilarious. Amazing.
48:25
There's something about her that just
is really fun to watch.
48:25
But okay, no podcast for you right now.
48:28
We'll get
you on a podcast. You're on the podcast. I'm on a podcast now. There we go.
48:35
You've mentioned your parents and I was reading
your Wikipedia page and the way your parents are described on there is radical Buddhist artists
technologists.
48:40
I'm curious what that means maybe and then also just is there a memory or moment of
growing up that highlights that aspect of them?