Do not tolerate brilliant jerks. The cost to teamwork is too high. Reed Hastings More Quotes by Reed Hastings More Quotes From Reed Hastings On the Internet you get continuous innovation, so every year the streams are a little better. Reed Hastings innovation littles years Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term. Reed Hastings leader jobs long Our brand at Netflix is really focused on movies and TV shows. Reed Hastings netflix tv-shows tvs In the long term, you have to believe that movies and TV shows will be like the opera and the novel, pretty nichey businesses. Reed Hastings tv-shows long believe I don't know of any Internet service that opens on a regional basis. Reed Hastings bases internet knows 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. Reed Hastings dvds battle years 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 technology long years Interactivity and a better experience aren't always the same thing. Reed Hastings 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 wells path looks 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 hard-work responsibility thinking Don’t get distracted by the shiny object [and if a crisis comes], execute on the fundamentals. Reed Hastings distracted crisis fundamentals 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 horse oil years 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 games years thinking 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 impact growing-up jobs 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. Reed Hastings competitors wells shows What's got me excited about the education space is the growth of the Internet over the next 10, 20, 30 years. Reed Hastings growth space years Fibre optic is becoming like electricity. If you look at how electricity spread around the globe 100 years ago, that's what's happening now. Reed Hastings becoming looks years 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 orange apples mistake I watch mostly independent films. Reed Hastings independent film watches 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 fiber government trying
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