( CNN ) -- At 31 , Sean Parker has a lot more going for him than Justin Timberlake . As the co-founder of music-sharing service Napster and the former president of Facebook , he 's an Internet pioneer . He 's a billionaire . And he throws a hell of a party . Last week , during Facebook 's f8 conference in San Francisco , Parker transformed an empty warehouse into one big VIP room , complete with a lavish buffet and celebrity guests . Despite having only two days to plan the event , he somehow managed to get Snoop Dogg , the Killers and Jane 's Addiction to perform for a few hundred invited guests . Estimates put the party tab at $ 1 million or more . The purpose of the shindig was to celebrate the U.S. arrival of Spotify , the music-streaming service in which Parker is a major investor . Spotify also is partnering with Facebook to let users play and share music within the social network . The event featured an onstage chat between Parker and Spotify CEO Daniel Ek . Beside every chair in the media 's seating section sat a bottle of high-end tequila . Of the hundreds of media events I 've attended over the years , this is the first time I 've seen that . Not in attendance was Timberlake , the singer-turned-actor who portrayed Parker as a backstabbing opportunist in last year 's `` The Social Network . '' In past interviews , Parker has called the movie `` a complete work of fiction . '' After the Killers played , I sat down with Parker for a few minutes in a private area upstairs . The first thing we talked about was Napster . I mentioned that I would never forget that feeling of downloading free music , that it felt like you had won one of those contests where you could fill up your shopping cart for free . `` I still hear that a lot , '' he told me . Here are a few excerpts from our talk , edited for clarity : . On his affinity with Napster co-founder Shawn Fanning : . `` Fanning and I immediately realized that we had an interest in more than just computers and software and hacking and security , that we actually had an interest in doing something with a broader cultural importance . One of those ideas was Napster . '' On being a billionaire . `` I definitely wanted to earn my freedom . But the primary motivation was n't making money , but making an impact . I think the perception of wealth and power is that things just become easier and easier when in reality as you raise the stakes things become more stressful . You just keep pushing yourself harder and harder to achieve more and more -- I do n't think it 's ever quite as glamorous as it appears on the outside . '' On Apple 's Steve Jobs . `` Steve is one the greatest business artists in history and has had more impact through his product design in Apple than any other CEO . '' On Timberlake 's unflattering depiction of him . `` It 's a blessing and a curse in the sense it definitely raised my profile somewhat -- that character in the film played by Justin Timberlake represents a set of values that I just do n't agree with . It 's difficult watching a character using your name and interacting with people [ while ] supposedly [ doing ] a portrayal of you . '' On his business role . `` Early on I wanted to run a company , but I quickly realized there was this other model available . Maybe I 'm blazing a new path with this model because you do n't typically see this . You see investors who have portfolio companies but are n't very active , or entrepreneurs who typically run one company for their entire life , or occasionally , serial entrepreneurs who do a series of small companies . But they typically run them for a fairly long period of time . I 've been doing a hybrid of investing and entrepreneurship , which I think initially I was n't set out to do . But I realized it fit my personality . ''
Sean Parker throws $ 1 million party to celebrate arrival of Spotify . Comment: `` Steve [ Jobs ] is one the greatest business artists in history , '' Parker says .