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In this episode we sit down with Alexander White, the co-founder of Next Big Sound. Alexander shares his journey from launching a music data business during his senior year at Northwestern to its acquisition by Pandora for a remarkable 10x revenue multiple. Discover how Alexander's passion for data led him to his next venture, focusing on uncovering and optimizing tax incentives and credits for businesses. Tune in for insights on entrepreneurship, the music industry's data revolution, and the untapped potential of government incentives.
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Chapters
[00:00:00] Introduction
[00:00:16] Starting Next Big Sound in College
[00:00:59] Early Investments
[00:01:44] Initial Business Model
[00:02:16] Understanding Trends and Early Adopters
[00:02:30] Tour Managing a Band
[00:04:00] Gathering Data and Selling to Music Industry
[00:04:53] Scaling the Business
[00:06:00] Series A Funding and Music Industry Dynamics
[00:06:56] Pandora Acquisition
[00:09:00] Integrating with Pandora
[00:12:16] Post Exit Identity Crisis
[00:14:13] Team Dynamics at Pandora
[00:16:00] Leveraging Youth
[00:17:30] Post Exit Life
[00:18:30] Professor Role at NYU
[00:23:15] Investor & Author Roles
[00:27:30] Working at Pandora
[00:32:00] Taking a Break
[00:36:56] Tax Credits and Incentives Implementation
[00:39:30] Working with CPA Networks
[00:46:00] Engaging with Large Tax Firms
[00:50:00] Leveraging Tax Credits
[00:56:00] Conclusion
Alexander's Stuff:
Website: https://alexanderswhite.com/
X: https://x.com/mralexwhite
LinkedIn: https://www.linkedin.com/in/alexanderswhite/
My Stuff:
Podcast: https://www.madeitpod.com/
Website: https://www.connortomkies.com/
X: https://twitter.com/ConnorTomkies
LinkedIn: https://www.linkedin.com/in/connortomkies/
Check Out Our Sponsors: https://wealthwithrush.com/
Join Our Community!
Chapters
[00:00:00] Introduction
[00:00:16] Starting Next Big Sound in College
[00:00:59] Early Investments
[00:01:44] Initial Business Model
[00:02:16] Understanding Trends and Early Adopters
[00:02:30] Tour Managing a Band
[00:04:00] Gathering Data and Selling to Music Industry
[00:04:53] Scaling the Business
[00:06:00] Series A Funding and Music Industry Dynamics
[00:06:56] Pandora Acquisition
[00:09:00] Integrating with Pandora
[00:12:16] Post Exit Identity Crisis
[00:14:13] Team Dynamics at Pandora
[00:16:00] Leveraging Youth
[00:17:30] Post Exit Life
[00:18:30] Professor Role at NYU
[00:23:15] Investor & Author Roles
[00:27:30] Working at Pandora
[00:32:00] Taking a Break
[00:36:56] Tax Credits and Incentives Implementation
[00:39:30] Working with CPA Networks
[00:46:00] Engaging with Large Tax Firms
[00:50:00] Leveraging Tax Credits
[00:56:00] Conclusion
Alexander's Stuff:
Website: https://alexanderswhite.com/
X: https://x.com/mralexwhite
LinkedIn: https://www.linkedin.com/in/alexanderswhite/
My Stuff:
Podcast: https://www.madeitpod.com/
Website: https://www.connortomkies.com/
X: https://twitter.com/ConnorTomkies
LinkedIn: https://www.linkedin.com/in/connortomkies/
Creators & Guests
What is Made It with Connor Tomkies?
"Made It" is a podcast hosted by Connor Tomkies that delves into the journeys of successful entrepreneurs who have not only built and exited their companies, but who are writing the next chapter of their journeys. The show focuses on the unique challenges and lessons learned while moving beyond the exit, offering insights and strategies for listeners aiming to grow their own businesses. Through engaging conversations with various guests, the podcast provides a blend of motivational stories, practical advice, and insider tips on entrepreneurship, business growth, and personal development.