Reed Hastings, Co-Founder of Netflix, shares insights on risk tolerance, cultivating high-performance culture, generous severance, radical candor, work/life balance, dissent, and team dynamics. He recommends 'Beyond Entrepreneurship' and other readings, discusses balancing customer satisfaction with growth, investing in education, and navigating negativity.

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.

As Reed Hastings steps down from his co-CEO role at Netflix, we return to the leadership lessons he shared in his original Masters of Scale episode. This episode is all about how you need a strong culture to build a company that will scale beyond the early start-up days. And strong company cultures only emerge when every employee feels they own the culture from day 1. Here's how Reed Hastings and his team at Netflix did it – and made their culture deck famous in the process. Cameo appearances: Jeff Weiner (LinkedIn), Aneel Bhusri (Workday), Margaret Heffernan (entrepreneur), Tristan Walker (Walker & Co.), Mariam Naficy (Minted).Read a transcript of this episode: https://mastersofscale.comSubscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode from September 2020, originally recorded for the Commonwealth Club of California, Netflix CEO and co-founder Reed Hasting talks about his new book "No Rules Rules: Netflix and the Culture of Reinvention" with a16z co-founder and fellow author Ben Horowitz, who also wrote a bestselling book about culture in 2019. During the conversation, Reed tells the story of Netflix's evolution and his management philosophy, including the hard lesson he learned about what happens when you optimize for efficiency at the expense of creative talent. He also explains why sometimes a more narrow market focus is better for growth and shares the tactics that have helped Netflix expand globally and translate a culture of innovation across different countries, from Japan to Brazil to America.

The way we watch is changing so rapidly that we’ve decided to revisit our very first and most popular Business War: Netflix versus Blockbuster. We’re re-airing an expanded eight-part series following Netflix’s battles against HBO and today’s new entrants into the Streaming Wars.It all started around 1997, with a guy named Marc Randolph and his mathematician friend, Reed Hastings. Randolph and Hastings knew they’d have to take on Blockbuster. But what they didn’t anticipate was that their business model would take on network television and eventually change the entire movie industry.This was an 8-year total war that left innumerable casualties in its wake: thousands of hollowed out buildings and economic losses in the billions.Support us by supporting our sponsors!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Reed Hastings, Co-Founder and CEO of Netflix, discusses the importance of building a strong culture, making the right hires, and scaling businesses. He shares insights into Netflix's history, unique strategy for movie recommendations, and the evolution of internal management. The podcast also explores the metaphor of companies as professional sports teams.

Join hosts Mike and Mark as they discuss 'No Rules Rules: Netflix and the Culture of Reinvention' with author Reed Hastings. They explore Netflix's high-performance culture, the dangers of short-term optimization, the concept of 'Better As Bigger,' and the importance of strategic adaptability in business. Discover insights on leadership, collaboration, continuous improvement, decision-making, and innovation in a changing economy.

Reed Hastings and Marc Randolph, the dynamic duo behind Netflix, take us back to its humble beginnings. They recount the pivotal moment in 1997 that sparked the idea for an online movie rental service. Overcoming skepticism, they navigated the challenges of the internet and film industry to launch Netflix, initially as a DVD rental service. The duo shares how their innovative approach transformed Netflix into a global entertainment titan, reshaping how we consume media.

Marc Randolph en Reed Hastings, de oprichters van Netflix, delen hun fascinerende reis naar het creëren van het grootste streamingplatform ter wereld. Ze vertellen hoe het idee achter Netflix ontstond tijdens carpoolritten en bespreken de transformatie van DVD-verhuur naar originele content, met mijlpalen zoals 'House of Cards'. Het belang van unieke content en snelle besluitvorming voor succes wordt onderstreept, evenals de uitdagingen in de concurrerende streamingmarkt. Hun visie op de toekomst van Netflix met uitbreiding naar live sport en gaming zorgt voor interessante inzichten.

Since Netflix started in the late 90s as a DVD-by-mail rental service competing with Blockbuster, it has completely reinvented itself... twice – first, when it went from DVD rental to video streaming platform, and then again when it went from licensing to producing original content.But what does it take to create an organization capable of reinventing itself?In this episode, originally recorded for the Commonwealth Club of California, Netflix CEO and co-founder Reed Hasting talks about his new book "No Rules Rules: Netflix and the Culture of Reinvention" with a16z co-founder and fellow author Ben Horowitz, who also wrote a bestselling book about culture last year. During the conversation, Reed tells the story of Netflix's evolution and his management philosophy, including the hard lesson he learned about what happens when you optimize for efficiency at the expense of creative talent. He also explains why sometimes a more narrow market focus is better for growth and shares the tactics that have helped Netflix expand globally and translate a culture of innovation across different countries, from Japan to Brazil to America.