Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

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

More quotes by Reed Hastings

Image
Do not tolerate brilliant jerks. The cost to teamwork is too high.
Reed Hastings
Image
In fact, technology has been the story of human progress from as long back as we know. In 100 years people will look back on now and say, 'That was the Internet Age.' And computers will be seen as a mere ingredient to the Internet Age.
Reed Hastings
Image
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
Image
Interactivity and a better experience aren't always the same thing.
Reed Hastings
Image
Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they’ll turn out to be right.
Reed Hastings
Image
I learned the value of focus. I learned it is better to do one product well than two products in a mediocre way.
Reed Hastings
Image
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.
Reed Hastings
Image
If you look at cable networks, they almost always start licensing content wherever they can, so they can build a subscriber base. But then they start doing their own content it's a pretty well-trodden path.
Reed Hastings
Image
Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.
Reed Hastings
Image
On the Internet you get continuous innovation, so every year the streams are a little better.
Reed Hastings
Image
The Costa Rican government is prioritizing laying fiber optic over paving roads. Costa Rica is trying to become one of the Internet societies. This is happening throughout the world.
Reed Hastings
Image
I don't know of any Internet service that opens on a regional basis.
Reed Hastings
Image
I watch mostly independent films.
Reed Hastings
Image
Don’t get distracted by the shiny object [and if a crisis comes], execute on the fundamentals.
Reed Hastings
Image
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.
Reed Hastings
Image
Taking smart risks can be very gratifying.
Reed Hastings
Image
When we think about online learning, it's such 'early days.' Bill Gates is a wildly smart insightful guy. Yet, even a guy as smart and insightful as that, 30 years ago can say things like,'Who's every going to need more than 640K of memory?'
Reed Hastings
Image
In the long term, you have to believe that movies and TV shows will be like the opera and the novel, pretty nichey businesses.
Reed Hastings
Image
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.
Reed Hastings
Image
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.
Reed Hastings