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Spotify announced two major acquisitions this week:
  1. Gimlet Media, the content creators behind the Startup and ReplyAll podcasts, purchased for $230 million
  2. Anchor, the production and distribution platform for podcast creators, purchased for an undisclosed sum
Both acquisitions were unexpected. Spotify has never before purchased a company focused on creating content, and Gimlet's acquisition is one of the biggest in podcast history. Moreover, Spotify reportedly plans to invest up to $500 million in the podcasting space, meaning Gimlet maybe just the tip of the iceberg.

This move is interesting for a number of reasons. For starters, while Spotify has long dwarfed Apple Music in number of subscribers, Spotify has been late to the podcasting game. For a long time, podcasts—a name literally taken from the iPod—were an afterthought at Spotify, as Chief R&D Officer Gustav Söderström explained to TechCrunch:

“The user experience was really poor,” he says. “There was no 15-second skip. In spite of that, we saw a lot of users listening to podcasts. It was kind of unexpected, and we didn’t really understand why. It turned out people really wanted to have podcasts in Spotify with their music. If you look at radio, it’s not that surprising.”

The parallel to radio is key, and it's echoed by Spotify CEO Daniel Elk, who when talking about the recent podcast acquisitions said, “...people still spend over two hours a day listening to radio—and we want to bring that radio listening to Spotify, where we can deepen engagement and create value in new ways.”

Spotify's strategy, it seems, is to build something between radio and Netflix. Like radio, Spotify can be the portal by which every consumer discovers and enjoys audio content—hence its acquisition of Gimlet, one of the most popular podcast producers. At the same time, Spotify seems increasingly interested in producing original, Spotify-exclusive content—hence the acquisition of Anchor, which claim to be responsible for 40% of the world's new podcasts.

If Spotify can successfully execute on this strategy, it could become the default platform for both the discovery and production of original audio content. There is a potential virtuous cycle where the best podcasters use Spotify to create and distribute their content, and more and more listeners depend on Spotify for access to it.

The future of news with Jessica Lessin, founder of The Information

Product Hunt Radio
Founded in 2013, The Information breaks exclusive stories and publishes deeply reported articles about tech and startups. In this episode of Product Hunt Radio, Jessica Lessin dives into what big tech trends are on the horizon, what she sees for the future of Facebook, and everything she’s learned so far from running The Information.
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Why you should apply to engineering jobs you aren't qualified for

Illustration by Daniel Fishel
Experienced engineers have an easier time finding a new job than almost anyone else. The key word in that sentence, however, is “experienced.”
 
Junior engineers, particularly those fresh out of college or bootcamp, often struggle to find a role that doesn't require several years of experience. As evidence of this, roughly 90% of the engineering roles on AngelList ask for at least one year of work experience to qualify.
 
But here's the truth: If you're an inexperienced engineer, the market isn't stacked against you. In fact, it couldn't be better. If you have the skills and the competency to take on a role, don't be distracted by the requisite years of experience in a job post. Demand for engineers is sky-high, companies don't have the luxury of passing on perfectly capable candidates just because they're one year shy of the ideal resume.
 
Regardless of your experience level, you should be applying to every role that:
  1. Excites you
  2. Seems realistically within your capabilities
To understand why, you need to see some broader trends in engineer hiring.
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Hot startups hiring now 🔥

 
🏠 AptDeco is a peer-to-peer marketplace for buying and selling furniture with no warehousing. Sellers can list their furniture in less than a minute. Hiring a full-stack engineer, product designer, and more. 
 
💳 Boxed delivers a first-class e-commerce experience for everyday essentials. Its systems use machine learning, predictive analytics, and other leading technology. Hiring a senior software engineer, VP of data science, and more. 
 
💉 MirrorMe3D is on a mission to revolutionize plastic surgery by harnessing 3-D technologies that improve the surgical experience for patients and surgeons alike. Hiring a senior software engineer, software engineer, and more.
 
💊 PathAI uses advanced technology, including machine learning and computer vision, to quickly and accurately detect disease. Its team is also building solutions to help identify patients who could benefit from novel therapies. Hiring a machine learning scientist, a front-end engineer, and more.
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