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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.
Reed Hastings
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Reed Hastings
Age: 64
Born: 1960
Born: January 1
Chief Executive Officer
Entrepreneur
NZ
Wilmot Reed Hastings
Jr.
Become
Laying
Government
Fiber
Optic
Trying
Roads
Rica
World
Societies
Prioritizing
Throughout
Costa
Happenings
Rican
Happening
Paving
Internet
Prioritize
More quotes by Reed Hastings
On the Internet you get continuous innovation, so every year the streams are a little better.
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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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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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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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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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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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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.
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Taking smart risks can be very gratifying.
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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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Interactivity and a better experience aren't always the same thing.
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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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Something will eventually replace the Internet. But it's hard to know what and when it will happen.
Reed Hastings
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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I watch mostly independent films.
Reed Hastings
Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they’ll turn out to be right.
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I think there will be 20 years of evolution from linear broadcast to internet television.
Reed Hastings
Companies rarely die from moving too fast, and they frequently die from moving too slowly.
Reed Hastings
Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.
Reed Hastings
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
Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term.
Reed Hastings