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

This Week in Startups

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Taking Strategic Risks with Confidence

In the early years, the individual demonstrated exceptional skills by developing a utility that addressed a significant problem in graphical user interfaces. This innovation led to the product 'Purify' becoming widely popular. Despite being a first-time manager, the individual annually presented to the board the strategic decision to bet the entire company on a specific product. This bold approach showcased the individual's willingness to take asymmetric risks and demonstrate confidence in their decisions.

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