![]() ![]() The company certainly has financial potential: “If Ableton was to put itself into the market, there would be a feeding frenzy,” says music industry analyst Mark Mulligan of MIDiA Research. We get a lot of inquiries, and we turn them all down.” “It has popped up on the radar of Wall Street - huge valuations tossed around. ![]() His straight hair is perfectly combed into a new wave curl, he’s wearing a suit - which he does every day to avoid thinking about how to dress - and he says his life is “probably very boring.” But he is the driving force behind Ableton’s refusal to sell at a time when the growth of the digital music business would make it a tempting, and very valuable, acquisition. “Everybody was like, ‘What?’ It was very anarchic and punk.”Ībleton’s Berlin headquarters is in Prenzlauer Berg, a gentrified neighborhood in what was once East Berlin, and sitting in a ground-floor conference room today - across an outdoor courtyard from an entry area and a coffee bar - Behles, 52, looks anything but anarchic and punk. ![]() “These tech investors never heard anything like that,” Diplo remembers. “We don’t have any investments in our company,” he replied. It was July 2020, and Behles and another Ableton executive were on the call with an unlikely group of potential investors: Diplo, the DJ-producer Scooter Braun, the entrepreneur who manages Justin Bieber and Ariana Grande, among others and Joshua Kushner, brother of Jared, husband of model Karlie Kloss and head of Thrive Capital.Īt one point, as Diplo recalls, one of the investors asked the two men from Ableton, “What do you guys think about us being part of you?” They proposed an investment that Diplo said would have been a “significant payday” for Ableton, which sells software that changed the way recordings are produced, then how DJs performed, and finally the sound of pop.īehles didn’t budge. Gerhard Behles, a founder of the music-production software company Ableton, had a polite answer to the venture capital power players on the Zoom: No. ![]()
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