The Chainsmokers (Drew Taggart and Alex Pall) join Patrick O'Shaughnessy to discuss their evolution from DJs to global superstars to venture capitalists. They share insights on AI's impact on music creation, the creative process behind hits and how they built their early success through scrappy growth hacking tactics. The duo reveals their investment philosophy at Mantis, drawing parallels between artist development and startup building. They discuss the challenges of staying authentic while scaling, the importance of intentionality in art, and lessons learned from transitioning from music creators to investors.

TIMESTAMPS:
00:00 Intro
06:16 The Creative Process Behind Songwriting
07:33 Exploring the Emotional Depths of Music
11:50 Navigating the Music Industry and AI
17:45 The Importance of World Building in Music
21:27 Finding Your Creative Itch
35:04 The Chainsmokers' Journey and Work Ethic
40:37 The Business Side of the Chainsmokers
45:43 Venturing into Tech and Investments
51:39 The Evolution of Mantis
53:11 Overcoming Celebrity Investor Stereotypes
55:20 Supporting Founders Like Record Labels
57:26 The Art of Collaboration
01:04:02 The Grind to Success
01:13:49 Investing Insights and Evolution
01:26:39 The Kindest Thing Anyone Has Ever Done for Drew and Alex

#Chainsmokers #VentureCapital #MusicBusiness #AIMusic #CreativeProcess #Entrepreneur #investment #Music #Startup #Business

Presented by Ramp:
https://ramp.com/business-cards?utm_s

Sponsored by AlphaSense and Ridgeline:
https://www.alpha-sense.com/invest/
https://www.ridgelineapps.com/

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Patrick O'Shaughnessy is the CEO of Positive Sum. All opinions expressed by Patrick and podcast guests are solely their own and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Positive Sum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc