People, every show

Tom Conrad

CEO, Sonos. On 1 show, 2 appearances. The Shows tab opens the full record on each.

executiveoperatorengineer@tconrad ↗LinkedIn ↗sonos.com ↗

Tom Conrad is the CEO of Sonos, having previously led digital health company Zero Longevity Science and served on Sonos's board of directors since 2017. He previously served as CTO and EVP of Product at Pandora, VP of Product at Snap, and Chief Product Officer at Quibi.

1shows
2appearances
26statements
8resolved
4supported
1contradicted
50%fully supported

Everything Tom Conrad said on any show that made the record, most notable first. Each card names its show and opens the statement there.

Pets.com failed because 80% of users were on dial-up, says Tom Conrad
“The critique that is often leveled at Pets.com, or at least at the time was like, this is just a stupid business. They're shipping dog food around. You could never make that work. And like that that's just wrong. Like you absolutely can make it work. Probably …”
Tom Conrad Dec 13, 2023 ▶ 22:07 Failure
Making Quibi successful would have required a $10 billion content library
“Pretty quickly became clear that the math was just wrong. It wasn't going to take two billion. It was going to take six or eight or ten billion. And the risk reward profile of betting ten billion on the format was just more than anyone can stomach.”
Tom Conrad Dec 13, 2023 ▶ 33:00 Failure
Conrad: Tech industry would be much better off with fewer founders
“And I think in some ways our industry would be much better off if there were fewer founders. I think in some ways the, I use the entire category of smart, creative, hardworking, talented, you know, borderline visionary people who Can raise that two million dol…”
Tom Conrad Nov 26, 2023 ▶ 1:27:43 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
LENNY'S PODCAST Assertion Partly supported
Pets.com didn't go bankrupt; it shut down and returned cash to investors
“We actually didn't go bankrupt. We shut the company down and returned the remaining balance to the investors, which no public company had ever done before.”
Tom Conrad Dec 13, 2023 ▶ 22:36 Failure
Conrad: Product iteration cannot rescue a fundamentally broken business equation
“Companies are also kind of like a, they're kind of a math problem that describes how you take, you know, investment and pour them into the equation and out the other side comes returns on some time horizon. And yes, There are variables in that equation that ar…”
Tom Conrad Dec 13, 2023 ▶ 29:28 Failure
Conrad: Online pet supply delivery works, but dial-up timing doomed Pets.com
“The critique that is often leveled at Pets.com, or at least at the time was like, this is just a stupid business. They're shipping dog food around. You could never make that work. And like that that's just wrong. Like you absolutely can make it work. Probably …”
Tom Conrad Nov 26, 2023 ▶ 17:14 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
LENNY'S PODCAST Assertion Partly supported
Conrad: Pets.com did not go bankrupt and returned cash to investors
“We actually didn't go bankrupt. We shut the company down and returned the remaining balance to the investors, which no public company had ever done before.”
Tom Conrad Nov 26, 2023 ▶ 17:43 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
Conrad: No amount of product execution can fix a broken business equation
“If the equation is fundamentally broken or a big swing in and of itself, no amount of like iteration and execution can like kind of get you out of the failed outputs of the broken equation.”
Tom Conrad Nov 26, 2023 ▶ 25:05 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
LENNY'S PODCAST Assertion Not checkable as stated
Conrad: Quibi's model required ranking top 10 in App Store forever
“The math of Quibi, like, did require us to, like, from day one, land in the top 10 and stay there forever. Like, the model would have worked if we could do that.”
Tom Conrad Nov 26, 2023 ▶ 30:27 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
Conrad: Billion-dollar content startups cannot survive without an immediate hit
“In a world where you have to spend, you know, a billion dollars a year making content, you just can't afford to not be a hit.”
Tom Conrad Nov 26, 2023 ▶ 33:15 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
Conrad: Pandora misjudged market dynamics by prioritizing radio over on-demand streaming
“The advertising supported sort of radio market was Thirty billion dollar category and recorded music with eight billion dollars. And so we had this idea that we're going to reinvent radio and Spotify and RDO and Apple music and like the 14 other Rhapsody, whic…”
Tom Conrad Nov 26, 2023 ▶ 50:46 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
Conrad: Evan Spiegel gets an unfair bad reputation and is very kind
“Evan's truly brilliant. I mean, and he's also actually a really nice guy. I think in some ways he gets a bad rap for he has very high standards, but he's a very kind person in my experiences with him.”
Tom Conrad Nov 26, 2023 ▶ 59:45 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
Conrad: Dictating product outcomes is a mistake in smaller organizations
“I also think that it can be a mistake to be that kind of leader in a smaller org, because part of the opportunity of the small org is to, is, is to assemble A group of people that are incredibly talented that believe in your mission and who you can easily infl…”
Tom Conrad Nov 26, 2023 ▶ 1:03:49 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
Conrad: Interviewers should probe past candidate experience rather than current company problems
“I always encourage people, when they're thinking about their interview questions, to take any question that, that they're tempted to pull from their own current experience, you know, with the goal of trying to, like, how would this person solve this thing that…”
Tom Conrad Nov 26, 2023 ▶ 1:33:01 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
Conrad: People intuitively detect cultural mismatches in interviews but rationalize them away
“Every single time I've taken a job, Where it turned out that I was, you know, working with people who had a different set of, you know, values or working styles than I had. I knew, you know, and, you know, you tell yourself that, at least in my case, I tell my…”
Tom Conrad Nov 26, 2023 ▶ 13:07 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
Conrad: 1990s Apple rewarded cross-functional generalists over deep specialists
“One of the things like culturally about Apple in that moment was at least I felt like A person was really rewarded if they could make a kind of broad contribution across functions. So if you were, you know, a talented software engineer, but also a thoughtful p…”
Tom Conrad Nov 26, 2023 ▶ 36:40 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
LENNY'S PODCAST Assertion Contradicted
Conrad: Pandora spent zero dollars on paid acquisition during his tenure
“We never spent any money on paid user acquisition, like literally no dollars the entire time I was there. Because people love the product, and they told their friends about it, and that's how it grew.”
Tom Conrad Nov 26, 2023 ▶ 47:11 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
Conrad: Steve Jobs ended Apple's paralysis by halting consensus voting
“I think what broke Apple out of that mode was Steve came back and like, they didn't vote anymore. Right. You know, Steve was just making the call.”
Tom Conrad Nov 26, 2023 ▶ 1:02:55 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
Conrad: Casual CEO feedback unintentionally derails employee priorities
“No matter how much you tell the team that when I swing by their virtual desk and say, you know, I've been thinking about this little detail. I thought important right now, but like, what do you think the, you know, it's like nine out of 10 times that person is…”
Tom Conrad Nov 26, 2023 ▶ 1:04:40 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
LENNY'S PODCAST Assertion Supported
Conrad: GIF creator Steve Wilhite fought for the 'Jif' pronunciation at CompuServe
“There was a guy on the team named Steve Wilhite who invented graphics interchange format, GIF. And he was a straight out of central casting, 19 sixties neckbeard programmer type. And the first I had ever encountered and very prickly. And it's crazy. But at the…”
Tom Conrad Nov 26, 2023 ▶ 1:37:34 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
LENNY'S PODCAST Assertion Supported
Conrad: Pets.com and rivals each raised over $50 million
“One of the things that happened was that there were three kind of overfunded pet e-commerce sites, and we all raised in excess of fifty million dollars”
Tom Conrad Dec 13, 2023 ▶ 20:33 Failure
LENNY'S PODCAST Assertion Supported
Quibi produced 70 shows in 18 months before shutting down
“We made 70 shows. In 18 months, which is like more content than all of the major broadcast networks combined made in a single year.”
Tom Conrad Dec 13, 2023 ▶ 30:36 Failure
Conrad: Temporary product design shortcuts often become permanent features for decades
“I think we all do this as designers and product people. We take these shortcuts that we think that we'll go back later and clean up. And sometimes, I mean, it's literally been 30 years, you know, that little design detail like lingers. You know, three implemen…”
Tom Conrad Nov 26, 2023 ▶ 9:52 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)
LENNY'S PODCAST Assertion Supported
Conrad: PetSmart's $3B Chewy acquisition was the largest e-commerce buyout ever
“Chewy is a online pet store worth nine billion dollars today. They were a private company and bought by PetSmart and then spun back out. But when they were bought by PetSmart, they were acquired for three billion dollars. You know biggest e-commerce acquisitio…”
Tom Conrad Nov 26, 2023 ▶ 16:39 Billion dollar failures, and billion dollar success | Tom Conrad (Quibi, Pandora, Pets.com, Zero)

Show 2statements(2 left)

One line per show, most statements first. The link opens Tom's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

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LENNY'S PODCASTLEDGER CEO, Sonos 2 26 50% 4/8 full record on Lenny's Podcast →
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