Daniel Ek, the billionaire CEO of Spotify, recently revealed that despite his immense success, he grapples with feelings of inadequacy on a daily basis. Speaking on Norges Bank Investment Management’s podcast “In Good Company,” Ek shared insights into his mindset and struggles.

Daily Struggles with Inadequacy

Ek acknowledged that he experiences a sense of not being good enough every day, emphasizing that even minor mistakes can trigger feelings of self-doubt. He described a perpetual cycle of self-criticism, where he constantly reflects on past decisions and actions, often berating himself for perceived shortcomings.

Embracing Imperfections

Despite his struggles, Ek strives to maintain a positive outlook by surrounding himself with supportive colleagues who foster a culture of camaraderie and learning. He finds solace in sharing lighthearted moments and exchanging humorous memes with his team, which helps alleviate some of the pressure he feels.

Openness About Self-Doubt

Ek’s willingness to openly discuss his insecurities sets him apart from many other CEOs. In a LinkedIn post from six months ago, he admitted to grappling with a desire for validation and acceptance, a sentiment that resonates with many individuals striving for success in their respective fields.

Guiding Motto for Resilience

To navigate the challenges of self-doubt, Ek draws inspiration from a guiding motto by George Bernard Shaw displayed prominently in his home. The quote encourages embracing individuality and persistence, reminding Ek not to conform to societal expectations but to forge his own path.

Spotify’s Journey and Success

Ek’s journey to success culminated in Spotify’s highly anticipated public listing on the New York Stock Exchange in 2018, propelling him to billionaire status. Despite fluctuations in Spotify’s stock value, the company has experienced substantial growth, boasting a valuation of $46 billion and a steadily expanding subscriber base.

Commitment to Artists and Rights Holders

Spotify’s success is built on its commitment to supporting artists and music rights holders, with a significant portion of its revenue allocated to royalties. With over 239 million subscribers worldwide, Spotify continues to revolutionize the music streaming industry while ensuring fair compensation for creators.

Unanswered Requests for Comment

Business Insider’s request for comment from Spotify regarding Ek’s remarks went unanswered at the time of reporting, highlighting the company’s focus on its operational priorities during normal working hours.