Quotes by Reed Hastings - Page 2

At Netflix, we think you have to build a sense of responsibility where people care about the enterprise. Hard work, like long hours at the office, doesn't matter as much to us. We care about great work.
Reed Hastings / Entrepreneur
Care
Enterprise
Great Work
Hard
Hard Work
Hours
Long
Long Hours
Matter
Office
Responsibility
Thinking
Build
Work Great Hard Work
Sense
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Most companies that are great at something - like AOL dialup or Borders bookstores - do not become great at new things people want (streaming for us) because they are afraid to hurt their initial business.
Reed Hastings / Entrepreneur
Bookstores
Hurt
New Things
Streaming
Afraid
Business Great People
Aol
Companies
Initial
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In the States, there's ESPN3, and each country has different options, and other than premiere league football, there tends to be very little global content. And movie and TV rights are pretty broad content.
Reed Hastings / Entrepreneur
Content
Broad
Options
Premiere
Tends
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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.
Reed Hastings / Entrepreneur
Looks
Path
Wells
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We have a very wide range of content, but the brand-newest movies, what's happening with those is a $30 pay-per-view option - not from Netflix but from DirecTV and others - of movies that are in the theater.
Reed Hastings / Entrepreneur
Range
Wide
Content
Option
Happening
Wide Range
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My first company, Pure Software, was exciting and innovative in the first few years and bureaucratic and painful in the last few before it got acquired. The problem was we tried to systemize everything and set up perfect procedures.
Reed Hastings / Entrepreneur
Company
Exciting
Innovative
Painful
Perfect
Problem
Procedures
Pure
Software
Years
Acquired
Before
Bureaucratic
Set
Few
Got
Last
Tried
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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.
Reed Hastings / Entrepreneur
Computers
Technology
Human Progress
Long
Mere
Years
Ingredient
Internet Age
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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 / Entrepreneur
Technology
Charter
Charter Schools
Entrepreneurial
Organization
Reform
School
School Districts
Develop
Districts
Organizations
Platform
Copy Quote
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 / Entrepreneur
Memories
Smart
Thinking
Copy Quote
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 / Entrepreneur
Gates
Insightful
Online
Smart
Bill
Bill Gates
Early Days
Memory
Wildly
Copy Quote
So much of the downstream revenue is linked to that initial excitement, to how much revenue is produced in the domestic box office. For example, what we pay for a film three years later is highly correlated to how well it did in the box office.
Reed Hastings / Entrepreneur
Box Office
Excitement
Linked
Revenue
Box
Domestic
Downstream
For Example
Initial
Produced
Copy Quote
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 / Entrepreneur
Bird
Entrepreneur
Flying
Stupidity
Confident
Catch
Entrepreneurs
Jump
Copy Quote
But it may be one of our best markets in the long term because when the Japanese society embraces a brand it is a very deep connection, so we're willing to make that investment knowing that it's not the quick route to success that might be in other countries.
Reed Hastings / Entrepreneur
Success
Country
Knowing
Copy Quote
Well, we're about 24 million subscribers today, and that's up from about 15 million a year ago, so it's a very high rate of growth, and that's what's exciting about the business - more and more people are getting smart TVs, they're watching Netflix on their iPads.
Reed Hastings / Entrepreneur
Ipads
Rate
Smart
More And More
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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 / Entrepreneur
Jobs
Growing Up
Impact
Copy Quote
Interactivity is a big part of video games, which have been a big part of entertainment for 20 years. That's what we think of as a 'lean-forward' type of entertainment. It's much more intense. But TV is more of a 'lean-back' entertainment - so the big improvement there is on-demand, because it conforms to your schedule.
Reed Hastings / Entrepreneur
Games
Thinking
Years
Copy Quote
Technological revolutions are very hard to predict. My favourite example is someone in 1850 taking care of horses as a farrier. They would have said, "Look, horses have been part of human existence for 5,000 years. We are horse people. It's permanent." But all of a sudden, the internal combustion engine comes along and, with it, oil fields and automobiles, which basically replace the horse completely. So we often have these long periods of stability and then a sudden inflection point.
Reed Hastings / Entrepreneur
Horse
Oil
Years
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Reed Hastings Quotes - Page 2

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