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

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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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Taking smart risks can be very gratifying.
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I watch mostly independent films.
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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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On the Internet you get continuous innovation, so every year the streams are a little better.
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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.
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I think there will be 20 years of evolution from linear broadcast to internet television.
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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.
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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?'
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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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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?
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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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Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term.
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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.
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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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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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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.
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Be big, fast and flexible.
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In the long term, you have to believe that movies and TV shows will be like the opera and the novel, pretty nichey businesses.
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Companies rarely die from moving too fast, and they frequently die from moving too slowly.
Reed Hastings