Reed Hastings
Reed Hastings
Reed Hastings,is an American entrepreneur and philanthropist. He is the co-founder and CEO of Netflix and serves on the boards of Facebook and a number of non-profit organizations. A former member of the California State Board of Education, Hastings is an advocate for education reform through charter schools...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth8 October 1960
CityBoston, MA
CountryUnited States of America
fundamentals crisis distracted
Don’t get distracted by the shiny object [and if a crisis comes], execute on the fundamentals.
actions continued decisive ensure larger leadership lower market next profits steps stock taking term trade value
I think the stock will trade down significantly because of lower profits for the next year, but the long term value (will rise) -- in two years -- because of our actions today, being decisive and taking the steps to ensure our continued leadership in this larger market with larger competitors.
afraid aol bookstores borders business companies great initial people
Most companies that are great at something - like AOL dialup or Borders bookstores - do not become great at new things people want (streaming for us) because they are afraid to hurt their initial business.
begins climate content launch ready
will be ready to launch when the content climate begins to thaw.
amazon believe enter happen market near
We believe that Amazon is going to enter this market in the near future. It could happen before the holidays.
american-author
We are seeing the beginning of things. Web 2.0 is broadband. Web 3.0 is 10 gigabits a second.
beginning seeing web
We are seeing the beginning of things, ... Web 2.0 is broadband. Web 3.0 is 10 gigabits a second.
experience
How much has it been your experience that Americans follow what happens in the world?
click watch
In 20 years from now we will all be able to click and watch TV.
finite
There's a finite market for DVD-by-mail, and the growth over the next 10 years will be in streaming.
based success
In hindsight, I slid into arrogance based upon past success.
exciting few innovative last painful pure tried
My first company, Pure Software, was exciting and innovative in the first few years and bureaucratic and painful in the last few before it got acquired. The problem was we tried to systemize everything and set up perfect procedures.
fiber fit human inside netflix peak saturday size streaming turns
It turns out that all Netflix streaming peak on Saturday night can fit inside a single fiber optic, which is the size of one human hair.
built
There is a revolution happening, and within two years I think that Wi-Fi and Netflix will be built into all the televisions.