2min chapter

This Week in Startups cover image

Andy Rachleff on management theory, Reed Hastings’ genius, lessons from passing on Netflix & more | E1158

This Week in Startups

CHAPTER

The Risk of Ruin in the Gambling Business

Read hastings was an amazing c e o. He wrote this amazing utility, single handedly, that found memory leak problems in graphical user inter faces. When when he solved this problem, the product was called purify, and it exploded. So a so the thing that reed did that just blew me away was that every year, and the beginning of every year, he would tell his board, this is what iam going to bet the company on. And if we failed, we'd take a step back but we wouldn't go out of business....

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