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Comparing Apple to Netflix is like comparing apples to oranges, especially if the oranges made so many mistakes that people stopped eating oranges and just went back to Blockbuster.

Reed Hastings

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Reed Hastings
Age: 64
Born: 1960
Born: January 1
Chief Executive Officer
Entrepreneur
NZ
Wilmot Reed Hastings
Jr.
Compare
Made
Mistakes
Oranges
Like
Eating
Blockbuster
People
Especially
Comparing
Mistake
Orange
Went
Apple
Apples
Back
Stopped
Many

More quotes by Reed Hastings

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Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term.
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I'm an HBO subscriber, and I watch a bunch of great shows on HBO.
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When you grow up, as I have, in the shadow of Steve Jobs, Bill Gates and others, success is defined as the total global transformation of a market. To achieve that, you need low prices and an attractive offering. It's about trying to make a positive impact on a big scale.
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Our brand at Netflix is really focused on movies and TV shows.
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It is clear that for many of our members two websites would make things more difficult, so we are going to keep Netflix as one place to go for streaming and DVDs.
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I learned the value of focus. I learned it is better to do one product well than two products in a mediocre way.
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Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they’ll turn out to be right.
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Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.
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When there's an ache, you want to be like aspirin, not vitamins. Aspirin solves a very particular problem someone has, whereas vitamins are a general nice to have market.
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Taking smart risks can be very gratifying.
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If the Starbucks secret is a smile when you get your latte... ours is that the Web site adapts to the individual's taste.
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But as an entrepreneur you have to feel like you can jump out of an aeroplane because you're confident that you'll catch a bird flying by. It's an act of stupidity, and most entrepreneurs go splat because the bird doesn't come by, but a few times it does.
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Don’t get distracted by the shiny object [and if a crisis comes], execute on the fundamentals.
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I hate the photo shoots. I hate all that stuff.
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I founded Netflix. I've built it steadily over 12 years now, first with DVD becoming profitable in 2002, a head-to-head ferocious battle with Blockbuster and evolving the company toward streaming.
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Be big, fast and flexible.
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The best managers figure out how to get great outcomes by setting the appropriate context, rather than by trying to control their people.
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Not every show has to work equally well. It just has to work better than any competitor because then we can outbid for the content.
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I got the idea for Netflix after my company was acquired. I had a big late fee for Apollo 13. It was six weeks late and I owed the video store $40. I had misplaced the cassette. It was all my fault.
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On the Internet you get continuous innovation, so every year the streams are a little better.
Reed Hastings