In this episode I breakdown the key nuggets of Wisdom from Netflix's Founder and Chief Executive Officer Reed Hastings. Reed's key tips, will help you drive growth and improvement within your business: as we deep dive into the things that he did to make Netflix a multi-billion dollar company, and the things that he wished he had done differently.
Reed Hastings was born in 1960 in America and claims the titles: co-founder, Chairman and Chief Executive Officer of Netflix. He also serves on the boards of a number of other companies and non-profits.
Reed's net worth is estimated to be: 4.7 Billion USD. But Netflix wasn't the first big company that Reed started. Many years ago he founded a company called "Pure Software". This company produced products to trouble shoot software.
Reed's entrepreneurial experience was far from plain sailing, and particularly with him lacking managerial experience. As he started to lose confidence at Pure Software he actually asked his Board to replace him, and his confidence dwindled. When the Board refused to replace him, he was first to develop and improve himself.
Reeds key tips for startups and businesses revolve around: focus, the importance of culture, excellent people and recognising consumer trends.
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