When Spotify founder Daniel Ek finally shares details on his company's plans to file an initial public offering (IPO) -- probably later this year -- Fred Davis will be by his side as he has from the start.
Davis, 54, named Spotify his first client when, earlier in April, he opened Arista Advisors, a boutique investment bank that will help technology and digital media startups raise capital and provide strategic advice and mergers and acquisition support. Arista is named for the label that his esteemed father Clive Davis founded 40 years ago. (Arista was folded into RCA in 2011.)
The younger Davis was executive vp at EMI when he left to co-found the music law firm Davis & Shapiro in 1995 (eventually Davis Shapiro Lewit Montone & Hayes).There, he worked on a range of precedent-setting digital music deals with clients YouTube, Myspace and Last.fm. In 2006, he joined the board of Stockholm-based tween social site Stardoll where he met Ek, the company's chief technology officer.