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

More quotes by Reed Hastings

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Companies rarely die from moving too fast, and they frequently die from moving too slowly.
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Interactivity and a better experience aren't always the same thing.
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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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I think there will be 20 years of evolution from linear broadcast to internet television.
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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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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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Tomorrow when you come to work, if it doesn't make the customer happy, move the business forward, and save us money - don't do it.
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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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I watch mostly independent films.
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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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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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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 don't know of any Internet service that opens on a regional basis.
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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.
Reed Hastings
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I hate the photo shoots. I hate all that stuff.
Reed Hastings
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Our brand at Netflix is really focused on movies and TV shows.
Reed Hastings
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Taking smart risks can be very gratifying.
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Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they’ll turn out to be right.
Reed Hastings