![]() ![]() I guess it’s time to come out of retirement then. He retweeted a post by Shakil Khan, one of the first investors in Spotify, who said “it’s time to come out of retirement then.” “We need more super companies that raise the bar and can act as an inspiration.”Īccording to Forbes, Ek is worth $3.6 billion, which would suggest he’s putting aside roughly a third of his own wealth for the investments.Īnd it would appear his personal cash will be deployed with the help of a close confidant of Ek’s. “I get really frustrated when I see European entrepreneurs giving up on their amazing visions selling early on to non-European companies, or when some of the most promising tech talent in Europe leaves because they don’t feel valued here,” Ek said. “I want to do my part we all know that one of the greatest challenges is access to capital,” Ek said, adding he wanted to achieve a “new European dream”. At an online event today, Daniel Ek, the founder of Spotify, said he would invest 1 billion euros ($1.2 billion) of his personal fortune in deeptech “moonshot projects”, spread across the next 10 years.Įk indicated that he was referring to machine learning, biotechnology, materials sciences and energy as the sectors he’d like to invest in.
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