Reed Hastings literally saw the future, strategised a plan and executed it over a time horizon of 23 years. He is truly amazing! I can’t think of many firms as innovative at Netflix.
@@ludotrico1 Well this is an interview with Hastings not Randolph 😆 I do agree that Marc Randolph was detrimental to the success of Netflix, but the watershed moments and initial foundation of the firm was subject to Hastings openness to innovation and a clear classical approach to strategy
Greylock partners, thank you for this online interviews. Very helpful for my start-up in the Philippines. I know we will survive. I'm building an online inventory less supermarket. Blitzscaling book is very helpful to me as well. I hope you will interview Tony Hsieh.
He says Amazon is "normal business" instead of "network effect" business. Any idea why? Or resources for understanding how Amazon isn't an network effect business?
The way I see it is that as a consumer you can switch to another service provider instantly without any cost caused by your network built with your previous provider, say you want to buy a book from Amazon and realized another company has a better deal, there is little to stop you doing that, in contrast, if you find another social network website that offers tons of features, benefits, you have got your whole relationship network to move with you, the thought of all that work will simply stop you doing that.
That makes sense. I wonder though if vendors can find the same value elsewhere? If not, then isn't that a network effect? Maybe he's saying that for a company to enjoy network effects they need both sides of the network to be unable to find the same value elsewhere without a lot of friction? If either vendors, or consumers, can just leave, then it isn't a network effect business?
I think vendors are just as easy to leave as the consumers, because: 1. the vendors will always follow the consumers, if the consumers can go away freely, so do the vendors 2. the core values the service providers offer(whatever they are) can be improved(logistics service, payment service or something else) 3. even if the dominant service provider (say Amazon) can try to stop the vendors from leaving for a new platform, there is a price to be paid here, the vendors win. I think the definition of effect business describes the profit you may get from the network of users, but only when the users can not switch to another platform easily could you enjoy the profit, the only possibility I see that you can do this is to grow to be the 1st player in the market ASAP, then the barrier for other competitors would be so huge it's almost impossible to cross.
Interviewer is a little impatient at times. I felt like he wasn't always listening to Reed and was just waiting for an opportunity to ask the next question. You have one of the greatest Entrepeneurs of modern times sat next to you, give him some time to speak. Great insights overall though from Reed.
Gena Keeting made a vigorous story of the Netflixed book. The price war between Blockbuster and Netflix is like watching mission impossible movie so intense. :)
Why to these billionaires find it easy to share information including secrets of success, as opposed to my part of the world once you succeed everything becomes a secret?
myspace should have won over facebook in that case with first is forever. alta vista or yahoo should have won search but google did. first is forever is not necessarily correct. you have to innovate the product.
Reed Hastings literally saw the future, strategised a plan and executed it over a time horizon of 23 years. He is truly amazing! I can’t think of many firms as innovative at Netflix.
Give more credit to Marc Randolph
@@ludotrico1 Well this is an interview with Hastings not Randolph 😆
I do agree that Marc Randolph was detrimental to the success of Netflix, but the watershed moments and initial foundation of the firm was subject to Hastings openness to innovation and a clear classical approach to strategy
I wonder if that hand sanitizer sitting next to the blackboard would realize how valuable it would become 4-5 years later.
Damn this was good. Quality quality material, I’m a devoted fan of Reed Hastings now.
"blitzshrinking" - finally a cool way to describe my failing startup
Also a cool way to describe what happens when you jump into icy cold water
How long has it been since you started?
haha
Startups only fail when founders run out of energy. Don’t stop!
Reed on Reed
I wish they titled this session Reeding between the lines.
this blitzscaling serious is more informative and holds more utility than most of the business courses I have been studying at university.
People coming in late to a discussion with Reid and Hastings...tough livin
this blitz scaling series is amazing!
This is a really interesting talk. Thank you for uploading this
Worth the watch. insightful and educative. thanks Reed
Greylock partners, thank you for this online interviews. Very helpful for my start-up in the Philippines. I know we will survive. I'm building an online inventory less supermarket. Blitzscaling book is very helpful to me as well. I hope you will interview Tony Hsieh.
All the best Collin. Please share your progress
Damn that one guy in the left corner kept raising his hand and kept getting ignored 😅
nice Interview. thanks for uploading
Moin Kolja
Nice indeed
It has been good to see Reed Hastings at Stanford GSB.
50:24 students leaving to start a food delivery company
He looks like one of Doordash's co-founders hahaha.
Legend! Clearly thinking out of the box.
Great content. Every single minute. Watch this! Seriously. Watch this!
Imagine beign late for that class! Youth is wasted on the young.
35:58 "Managing the person out"
Can someone tell that guy who is raising his hand to jump in and ask the question
dope content - loved this one beginning to end
50:30 Two students leaving...
i just start this podcast and end it at a time because there is a lot of learning oh my god
Fantastic interview
How fortunate are these students who get guests like this for their class?
Even more fortunate are the ones online positioned well to benefit from these insights, thanks internet and Reeds!
Still two students came late and leave early 🙄 bunch of losers
I have an interview at Netflix this week. Wish me, luck guys! I cannot express in words how fucking happy I'll be if I get this. Thank You.
did u get the job?
how did it go Rahul?
@@RamMohammadJosephKaur I did not get the job. 😑
@@ZB-py4zd nah
@@rahulningot3299 take care brother👍🏽
He says Amazon is "normal business" instead of "network effect" business. Any idea why? Or resources for understanding how Amazon isn't an network effect business?
The way I see it is that as a consumer you can switch to another service provider instantly without any cost caused by your network built with your previous provider, say you want to buy a book from Amazon and realized another company has a better deal, there is little to stop you doing that, in contrast, if you find another social network website that offers tons of features, benefits, you have got your whole relationship network to move with you, the thought of all that work will simply stop you doing that.
That makes sense. I wonder though if vendors can find the same value elsewhere? If not, then isn't that a network effect? Maybe he's saying that for a company to enjoy network effects they need both sides of the network to be unable to find the same value elsewhere without a lot of friction? If either vendors, or consumers, can just leave, then it isn't a network effect business?
I think vendors are just as easy to leave as the consumers, because:
1. the vendors will always follow the consumers, if the consumers can go away freely, so do the vendors
2. the core values the service providers offer(whatever they are) can be improved(logistics service, payment service or something else)
3. even if the dominant service provider (say Amazon) can try to stop the vendors from leaving for a new platform, there is a price to be paid here, the vendors win.
I think the definition of effect business describes the profit you may get from the network of users, but only when the users can not switch to another platform easily could you enjoy the profit, the only possibility I see that you can do this is to grow to be the 1st player in the market ASAP, then the barrier for other competitors would be so huge it's almost impossible to cross.
I think it’s because Amazon’s products don’t drastically increase unlike Facebook, eBay etc
learnt something new severance package...
Interviewer is a little impatient at times. I felt like he wasn't always listening to Reed and was just waiting for an opportunity to ask the next question. You have one of the greatest Entrepeneurs of modern times sat next to you, give him some time to speak. Great insights overall though from Reed.
As global as fast as possible. American show, produced with old film company (french), popular in Germany ~ crazy.
that's what i believe in. It works it works. it don't here's your severance package. most interview processes are flawed.
🤔 using combat terminology against a competitor is something anti-monopoly committees love hearing 21:00
New lesson! - Classic moment.
frozenfrozen
Every time I hear Reed talk, I feel like he should sound like Jeff Bridges.
Gena Keeting made a vigorous story of the Netflixed book. The price war between Blockbuster and Netflix is like watching mission impossible movie so intense. :)
theres always somebody taking notes ... they stress me tf out
I'm missing session 15 in this playlist. Does anyone know why it's not aired yet? Will it be aired in the future?
Appreciated
Tons of experience. Thx for the video.
what is station wagon ?
Family wagon, no hatch, not yet a van, a van but flat
Why to these billionaires find it easy to share information including secrets of success, as opposed to my part of the world once you succeed everything becomes a secret?
Does anyone have the link to their culture deck?
Google Netflix culture
I spotted one of my LinkedIn connections in this video. Small world.
33:00
he seems like a real nice guy, a true libra man
26:12 "Too Intellectual"
11:11
46:46
36:36
27:27
25:25
55:55
myspace should have won over facebook in that case with first is forever. alta vista or yahoo should have won search but google did. first is forever is not necessarily correct. you have to innovate the product.
1.5x and you’ve got Gary V
Don’t compare that idiot to these geniuses
1:07:12 Elizabeth Holmes 🤣
Pearls of wisdom, streaming from the mouth of Reed Hastings.
(I know, low hanging fruit. I comment while working.)
He looks like old EVH
Jeff Bridges expression
👏👏👏
13:40 Cultural conformity.
Reed Hastings throwing shade at Elizabeth Holmes lol
Bro said 0-10. All credibility lost...... jk this guy is amazing
Inline Bob Sports Systems for tourism and racing entertainment it‘s open for investors worldwide.
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Ok, use the word 'scale' one more.fucking time...
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What are you saying?
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Useless video unless your dream is to become an invisible peon employee. Disliked.