What to do after helping a high-profile subscription-based entertainment service go public? If you’re Barry McCarthy, you join another high-profile subscription-based entertainment service that’s on a path to an IPO. McCarthy was chief financial officer of Netflix when it went public back in 2002, but this week he joined Spotify as its CFO. Perhaps not a huge surprise, given that he joined Spotify’s board in February 2014.
McCarthy’s experience will certainly be valuable to Spotify as it heads towards its long-anticipated IPO: besides his nearly-12-years at Netflix between 1999 and 2010, he was a board member at Pandora between February 2011 and June 2013 – a period that included that company’s IPO in June 2011. McCarthy also spent nine months in 2011 as a venture partner at investment firm Technology Crossover Ventures (TCV), which provided Spotify’s $250m funding round in November 2013 (Bulletin, 22-Nov-13), and he remains an executive advisor to that company.