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Pic of Panic with Friends - Howard Lindzon

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

April 21, 2022
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Panic with Friends - Howard Lindzon

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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 (04:42) – Welcome Patrick (07:14) – Taking the reins at Sonos (10:46) – The background on Blackberry (09:05) – Innovators Dilemma - Lessons from Blackberry (25:04) – Taking on Big Tech (26:59) – Hitting escape velocity  (29:47) – Peter Lynch - Buying what you know (30:43) – Partnering with IKEA (37:17) – Partnerships and Collaboration (41:01) – Tackling the Supply Chain (42:50) – Remote work and company culture (46:08) – Wrapping up (47:46) – Closing thoughts