The Prof G Pod with Scott Galloway First Time Founders with Ed Elson – Reed Hastings: Life After Netflix
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Dec 1, 2024 
Reed Hastings, co-founder and executive chairman of Netflix, shares insights from his groundbreaking journey in entertainment. He reflects on Netflix's evolution from DVD rentals to a streaming powerhouse, emphasizing the importance of company culture and strategic pivots. After leaving Netflix, Reed discusses the joys and challenges of running his new venture, Powder Mountain ski resort, revealing how his leadership experience informs his current pursuits. He highlights the significance of adaptability and self-forgiveness in one's career.
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Pure Software's Rapid Growth and Acquisition
- Reed Hastings' first company, Pure Software, doubled in size annually from 1991 to 1995.
- Despite its success and eventual acquisition for nearly $1 billion, Hastings found the experience miserable due to his lack of management experience.
The Foot Mouse Fiasco
- Reed Hastings, while a graduate student, became fascinated with the idea of a foot mouse.
- He spent six months developing it, only to discover its impracticality due to hygiene and leg cramping issues.
Declining Bezos' Offer
- Jeff Bezos offered to buy Netflix in its early stages, but Hastings declined.
- In hindsight, accepting the offer and investing in Amazon stock would have yielded similar returns after 20 years.