Blitzscaling 16: Reed Hastings on Building a Streaming Empire

This is session 16 of Technology-enabled Blitzscaling, a Stanford University class taught by Reid Hoffman, John Lilly, Allen Blue, and Chris Yeh. This class features Reed Hoffman interviewing Reed Hastings, the Co-Founder and CEO of Netflix.

[@nicetrymate813]

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]

Give more credit to Marc Randolph

[@nicetrymate813]

@@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

[@ryanflynn1319]

I wonder if that hand sanitizer sitting next to the blackboard would realize how valuable it would become 4-5 years later.

[@TavisLochhead]

"blitzshrinking" - finally a cool way to describe my failing startup

[@jaredcook4577]

Also a cool way to describe what happens when you jump into icy cold water

[@THEPINEVLOGS]

How long has it been since you started?

[@j121212100]

haha

[@togycdog]

Startups only fail when founders run out of energy. Don’t stop!

[@j121212100]

this blitz scaling series is amazing!

[@CDZNC]

Damn this was good. Quality quality material, I’m a devoted fan of Reed Hastings now.

[@setoelkahfi]

This is a really interesting talk. Thank you for uploading this

[@nicetrymate813]

this blitzscaling serious is more informative and holds more utility than most of the business courses I have been studying at university.

[@johnorajiaka3721]

Worth the watch. insightful and educative. thanks Reed

[@ChrisSMurphy1]

People coming in late to a discussion with Reid and Hastings...tough livin

[@nikhil89reddy]

Reed on Reed I wish they titled this session Reeding between the lines.

[@aneeinaec]

Legend! Clearly thinking out of the box.

[@domore1287]

Fantastic interview

[@uscsca]

It has been good to see Reed Hastings at Stanford GSB.

[@armansuleimenov]

50:24 students leaving to start a food delivery company

[@rodrigo445678]

He looks like one of Doordash's co-founders hahaha.

[@Iamolivialondon]

dope content - loved this one beginning to end

[@MyLife-uq2pr]

i just start this podcast and end it at a time because there is a lot of learning oh my god

[@maximuscollin8365]

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.

[@adityasanthosh702]

All the best Collin. Please share your progress

[@simonplumb264]

Imagine beign late for that class! Youth is wasted on the young.

[@devihomes]

learnt something new severance package...

[@oah8465]

Tons of experience. Thx for the video.

[@AktienMitKopf]

nice Interview. thanks for uploading

[@lovance1991]

Moin Kolja

[@stefan-ls7yd]

Nice indeed

[@RaulCristianAguirre]

Great content. Every single minute. Watch this! Seriously. Watch this!

[@jiranansupawong7472]

Appreciated

[@rahulningot3299]

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.

[@ZB-py4zd]

did u get the job?

[@Mahalakshmi-Khan]

how did it go Rahul?

[@rahulningot3299]

@@Mahalakshmi-Khan I did not get the job. 😑

[@rahulningot3299]

@@ZB-py4zd nah

[@Mahalakshmi-Khan]

@@rahulningot3299 take care brother👍🏽

[@GuneTools]

35:58 "Managing the person out"

[@hkharryfunk]

How fortunate are these students who get guests like this for their class?

[@travisratnam2095]

Even more fortunate are the ones online positioned well to benefit from these insights, thanks internet and Reeds!

[@ajit4110211]

Still two students came late and leave early 🙄 bunch of losers

[@Hydroc83]

I'm missing session 15 in this playlist. Does anyone know why it's not aired yet? Will it be aired in the future?

[@j121212100]

that's what i believe in. It works it works. it don't here's your severance package. most interview processes are flawed.

[@lostboys_uk]

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.

[@weeksy_j]

As global as fast as possible. American show, produced with old film company (french), popular in Germany ~ crazy.

[@addikt]

Every time I hear Reed talk, I feel like he should sound like Jeff Bridges.

[@randycampbell8676]

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?

[@liangchen6451]

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.

[@randycampbell8676]

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?

[@liangchen6451]

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.

[@desmond2640]

I think it’s because Amazon’s products don’t drastically increase unlike Facebook, eBay etc

[@camiloatencio3662]

theres always somebody taking notes ... they stress me tf out

[@mmma4158]

he seems like a real nice guy, a true libra man

[@iohin]

🤔 using combat terminology against a competitor is something anti-monopoly committees love hearing 21:00

[@Danny-mt5os]

Can someone tell that guy who is raising his hand to jump in and ask the question

[@maximuscollin8365]

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. :)

[@reptilian7605]

Damn that one guy in the left corner kept raising his hand and kept getting ignored 😅

[@praneshumashankar8319]

I spotted one of my LinkedIn connections in this video. Small world.

[@GuneTools]

50:30 Two students leaving...

[@petekdemircioglu]

👏👏👏

[@NhanNguyen-pq5xc]

what is station wagon ?

[@christianjensen1]

Family wagon, no hatch, not yet a van, a van but flat

[@qualehdialmedillu7264]

33:00

[@Jukau]

Jeff Bridges expression

[@GuneTools]

26:12 "Too Intellectual"

[@jinukim6889]

11:11 46:46 36:36 27:27 25:25 55:55

[@shawntsou660]

Does anyone have the link to their culture deck?

[@christianjensen1]

Google Netflix culture

[@SportsIncorporated]

Pearls of wisdom, streaming from the mouth of Reed Hastings. (I know, low hanging fruit. I comment while working.)

[@OlivierKCMO]

He looks like old EVH

[@taylorheath2023]

1.5x and you’ve got Gary V

[@desmond2640]

Don’t compare that idiot to these geniuses

[@j121212100]

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.

[@scottgreen132]

1:07:12 Elizabeth Holmes 🤣

[@karumbakinyua2411]

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?

[@nevillelusimba1689]

Reed Hastings throwing shade at Elizabeth Holmes lol

[@aamsergie]

Bro said 0-10. All credibility lost...... jk this guy is amazing

[@nalo6310]

ㄑ

[@nalo6310]

ㄍ

[@GuneTools]

13:40 Cultural conformity.

[@sneakercop5262]

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[@alanhalvorson5047]

The wiry waste exclusively live because vacuum pragmatically disagree apud a mature society. orange, separate retailer

[@Inlinebob]

Inline Bob Sports Systems for tourism and racing entertainment it‘s open for investors worldwide.

[@wildmano1965]

Ok, use the word 'scale' one more.fucking time...

[@liarozelle381]

The wide-eyed freon arguably perform because potato latterly delight about a left tub. sassy, steady novel

[@andrealizarraga5842]

The doubtful alarm psychophysically skip because helium infrequently carve amongst a disagreeable prosecution. embarrassed, dysfunctional design

[@CrispyBK]

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[@anantsharma7955]

What are you saying?

[@andrealizarraga5842]

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[@JuanHernandez-be1do]

The unkempt step-sister cosmetically expect because string startlingly polish without a depressed freon. silent, small mark

[@loafandjug321]

Useless video unless your dream is to become an invisible peon employee. Disliked.

[@weeksy_j]

New lesson! - Classic moment.

[@darkknight4087]

frozenfrozen