Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term. Reed Hastings More Quotes by Reed Hastings More Quotes From Reed Hastings Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they’ll turn out to be right. Reed Hastings crazy business stupid Companies rarely die from moving too fast, and they frequently die from moving too slowly. Reed Hastings company dies moving The best managers figure out how to get great outcomes by setting the appropriate context, rather than by trying to control their people. Reed Hastings outcomes trying people Do not tolerate brilliant jerks. The cost to teamwork is too high. Reed Hastings brilliant cost teamwork Be brutally honest about the short term and optimistic and confident about the long term. Reed Hastings optimistic entrepreneur long If the Starbucks secret is a smile when you get your latte... ours is that the Web site adapts to the individual's taste. Reed Hastings smile taste secret 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. Reed Hastings tomorrow customers moving I learned the value of focus. I learned it is better to do one product well than two products in a mediocre way. Reed Hastings focus two way 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 faults video ideas 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 moved-on entertainment challenges Taking smart risks can be very gratifying. Reed Hastings smart risk Don't be afraid to change the model. Reed Hastings life-changing change life The Netflix brand for TV shows is really all about binge viewing. The ability to get hooked and watch episode after episode. Reed Hastings netflix tv-shows watches 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. Reed Hastings business success thinking 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. Reed Hastings aspirin nice want Be big, fast and flexible. Reed Hastings flexible life-lesson bigs 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 stupidity bird Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use. Reed Hastings iron technology epic Broadcast TV is like the landline of 20 years ago. Reed Hastings years-ago tvs years I think there will be 20 years of evolution from linear broadcast to internet television. Reed Hastings television years thinking
