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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.

Reed Hastings

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Reed Hastings
Age: 64
Born: 1960
Born: January 1
Chief Executive Officer
Entrepreneur
NZ
Wilmot Reed Hastings
Jr.
Make
Grows
Global
Scale
Success
Lows
Scales
Bigs
Market
Transformation
Jobs
Impact
Bill
Others
Shadow
Attractive
Steve
Need
Positive
Total
Prices
Needs
Grow
Defined
Offering
Trying
Achieve
Bills
Gates

More quotes by Reed Hastings

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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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I'm an HBO subscriber, and I watch a bunch of great shows on HBO.
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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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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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Taking smart risks can be very gratifying.
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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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Our brand at Netflix is really focused on movies and TV shows.
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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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On the Internet you get continuous innovation, so every year the streams are a little better.
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Do not tolerate brilliant jerks. The cost to teamwork is too high.
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Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.
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I don't know of any Internet service that opens on a regional basis.
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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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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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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
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Something will eventually replace the Internet. But it's hard to know what and when it will happen.
Reed Hastings
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Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term.
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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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
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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.
Reed Hastings