Big-hearted Champions Who Pick Up the Trash | 1min snip from The Tim Ferriss Show

Get the app

#730: Reed Hastings, Co-Founder of Netflix — How to Cultivate High Performance, The Art of Farming for Dissent, Favorite Failures, and More

The Tim Ferriss Show

chevron_right

notes

NOTE

Big-hearted Champions Who Pick Up the Trash

The culture at Powder is centered around the idea of hiring individuals who are big-hearted champions that pick up the trash. 'Big-hearted' embodies warmth, love, and care; 'champions' are determined to win and go the extra mile, and 'picking up the trash' signifies self-responsibility, self-discipline, and doing the right thing even when not being watched. This culture fosters a tighter, more memorable, and loving environment compared to the speaker's experience at Netflix. The fundamental message that could resonate with millions is 'hope is everything,' highlighting hope as a positive force driving human progress despite our inherent imperfections.

00:00

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Reed Hastings became executive chairman of Netflix in 2023, after 25 years as CEO. He co-founded Netflix in 1997. Reed is also a majority owner of Powder Mountain. He is currently on the board of several educational organizations including KIPP and Pahara.

Timestamps for this episode are available below.

Sponsors:

AG1 all-in-one nutritional supplement: https://drinkag1.com/tim (1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase.)

Wealthfront high-yield savings account: https://wealthfront.com/tim (Start earning 5% interest on your savings. And when you open an account today, you’ll get an extra fifty-dollar bonus with a deposit of five hundred dollars or more.)

Shopify global commerce platform, providing tools to start, grow, market, and manage a retail business: https://shopify.com/tim (one-dollar-per-month trial period)

Timestamps:

[00:00] Start

[06:34] Alfred Lee Loomis and Tuxedo Park.

[07:53] Risk tolerance: nature or nurture?

[10:56] Cultivating culture that “eats strategy for lunch.”

[15:41] The logic behind generous severance.

[17:02] Adapting to Pure chaos.

[18:44] Reference checking potential hires.

[20:29] Context vs. control.

[22:35] Radical candor.

[24:15] Guardrails for maintaining work/life balance.

[27:04] Farming for dissent.