Spotify is a music listening app that has transformed the world.

Spotify was created by, 31 year old Daniel Ek, as an application to allow the user to listen to any music and create playlists without paying anything. The way Spotify makes money is through advertisements in between songs.

Originally, Spotify started out solely on computers. In 2013, things changed, Spotify launched an app to allow smart phone users to also stream music. In 2013, Spotify had 24 million active users that streamed over 4.5 billion hours of music. This completely transformed the consumers experience in the music downloading industry but has reduced the profits of artists around the world, because nobody has to buy the songs anymore.

I believe Spotify is in trouble the next several months because of the growing number of artists pulling their albums off of Spotify. For instance 2 weeks ago, Taylor Swift, pulled all of her songs from Spotify to increase her profits by having fans pay full price for the new album, 1989, which just came out. Swift made a smart move, but it could start a movement by artists around the world to remove their songs from Spotify and all other free music listening applications.

Daniel Ek, founded his first company when he was only 14 years old. He has the drive of an entrepreneur to do whatever it takes to succeed. He is currently worth $400 million dollars and is making a significant difference around the world through the evolution of streaming music.

In entrepreneurship, your age doesn’t matter, your drive for success is what will carry you farther than ever before.