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141. Stone Temple Pilots' Manager: Blockchain Will Reinvent the Music Industry. Steve Stewart of Vezt.

141. Stone Temple Pilots' Manager: Blockchain Will Reinvent the Music Industry. Steve Stewart of Vezt.

FromLove Your Work


141. Stone Temple Pilots' Manager: Blockchain Will Reinvent the Music Industry. Steve Stewart of Vezt.

FromLove Your Work

ratings:
Length:
58 minutes
Released:
Aug 30, 2018
Format:
Podcast episode

Description

Steve Stewart was manager of the band Stone Temple Pilots. He guided them from being an unknown funk band to a multi-platinum powerhouse whose sound is synonymous with 90's grunge. With Steve by STP's side, they sold over 25 million records, for nearly half a billion dollars in sales. But then the Internet happened. The record industry wasn't selling many CD's or records anymore. Fans were becoming a bigger part of helping music spread, and free music was key to the new success equation. Steve had to stand by helplessly as big music industry players shot themselves in the foot, and tightened their budgets in the process. But now, Steve is trying to fill in the gap that free music created. Now, imagine that Justin Bieber paid you. With Steve's new company, that could become true. Steve is now CEO of Vezt. With Vezt, music fans like you can buy a share of the future earnings of a song. So if you're a Justin Bieber fan, you could at some point buy a share of his song. (In case you're wondering, you can't "short" a song, these aren't stocks you're buying.) We're going to learn more about how that works in today's conversation. Find out: What artistic decisions did Stone Temple Pilots have to make in order to become a huge success? I take Steve back to the early days, and we find out why early-90's music critics have called him to apologize. How does Vezt fill in the hole that music-sharing created? Fans have become a part of the music promotion process, with Vezt, they'll start getting a piece of the pie. Blockchain companies are hot now, but the blockchain is not always relevant to the business model. What about blockchain technology makes Vezt possible? Love Your Work is now fully listener-supported! Patreon supporters are now covering ALL production costs for Love Your Work! Thank you supporters! To help, go to kadavy.net/donate. Free Creative Productivity Toolbox I quadrupled my creative productivity. Sign up and I'll send you the tools I count on: kadavy.net/tools Feedback? Questions? Comments? I love to hear anything and everything from you. Leave a review on Apple Podcasts, Tweet at me @kadavy, or email me david@kadavy.net.     Sponsors http://gusto.com/loveyourwork Show notes: http://kadavy.net/blog/posts/steve-stewart-stone-temple-pilots-vezt/
Released:
Aug 30, 2018
Format:
Podcast episode

Titles in the series (100)

Reconnect with the most powerful fuel of all – the fuel of loving your work. Best-selling author and award-winning designer David Kadavy helps you make it as a creative entrepreneur. Find your creative voice, cultivate the mindset you need to succeed, and be the first to capitalize on new opportunities to make a living making your art. Every Thursday, David presents either a guest or his own learnings from his decade-plus career as a creative entrepreneur. Hear from titans of industry like former AOL CEO Steve Case. Hear from best-selling authors like Seth Godin and James Altucher. Hear from scientists, creators from dancers to a chef to a Hollywood set designer, and visionaries on the cutting edge of creative monetization – whether that's self publishing or blockchain technology. Find out why Wall Street Journal best-selling author Jeff Goins says, "David is an underrated writer and thinker. In an age of instant publication, he puts time, effort and great thought into the content and work he shares with the world." Find out why Basecamp CEO Jason Fried says David has "really good, deep questions, and original questions." Subscribe to Love Your Work today so you never miss a dose of the inspiration and motivation you need to unleash the creator you already know you are, deep inside.