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.
Company
Fault
Cassette
Bigs
Weeks
Cassettes
Idea
Stores
Owed
Ideas
Video
Misplaced
Faults
Fees
Six
Apollo
Late
Acquired
Week
Store

More quotes by Reed Hastings

Image
I watch mostly independent films.
Reed Hastings
Image
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.
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
Taking smart risks can be very gratifying.
Reed Hastings
Image
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.
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
Human entertainment will have moved on to something new. Then the ultimate challenge for us is, can we figure out what that new form of entertainment is?
Reed Hastings
Image
The Netflix brand for TV shows is really all about binge viewing. The ability to get hooked and watch episode after episode.
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
I'm an HBO subscriber, and I watch a bunch of great shows on HBO.
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
On the Internet you get continuous innovation, so every year the streams are a little better.
Reed Hastings
Image
Be big, fast and flexible.
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
Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term.
Reed Hastings
Image
Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.
Reed Hastings
Image
About half my work in education is U.S. political reform around school districts and charter schools, and creating more room for entrepreneurial organizations to develop. And about half on technology, which I look at as a global platform.
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
Something will eventually replace the Internet. But it's hard to know what and when it will happen.
Reed Hastings