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 Asymmetrical Bet

In two thousand and eleven ned flick decided to separate its streaming business from its d v d business. And it was an unmitigated disaster, but reed wanted to bet the company on streaming. He raised money when his stock was down eighty five per cent because he so believed in his strategy. So this is an example of this crazy, a symmetrical bet that didn't ruin the company....

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