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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.

Reed Hastings

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Reed Hastings
Age: 64
Born: 1960
Born: January 1
Chief Executive Officer
Entrepreneur
NZ
Wilmot Reed Hastings
Jr.
Week
Store
Company
Fault
Cassette
Bigs
Weeks
Cassettes
Idea
Stores
Owed
Ideas
Video
Misplaced
Faults
Fees
Six
Apollo
Late
Acquired

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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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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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Do not tolerate brilliant jerks. The cost to teamwork is too high.
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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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Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they’ll turn out to be right.
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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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The Netflix brand for TV shows is really all about binge viewing. The ability to get hooked and watch episode after episode.
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Our brand at Netflix is really focused on movies and TV shows.
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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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Something will eventually replace the Internet. But it's hard to know what and when it will happen.
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I hate the photo shoots. I hate all that stuff.
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Be big, fast and flexible.
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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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Companies rarely die from moving too fast, and they frequently die from moving too slowly.
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I watch mostly independent films.
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Truly brilliant marketing happens when you take something most people think of as a weakness and reposition it so people think of it as a strength.
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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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Don’t get distracted by the shiny object [and if a crisis comes], execute on the fundamentals.
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I'm an HBO subscriber, and I watch a bunch of great shows on HBO.
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On the Internet you get continuous innovation, so every year the streams are a little better.
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