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Reed Hastings: Netflix the Best Place to Watch Movies

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Brief History and Early Beginnings

Reed Hastings is one of the main reasons why there is a phrase called “ Netflix and Chill”. He is an incredibly successful man and is someone to look up to. Reed Hastings is a businessman and he is the CEO of Netflix, he is also the Chairman of Netflix as well. Reed Hastings has accumulated a net worth of 6.26 billion dollars as of 2021. Reed Hastings was born in Boston on October 8th, 1960. He has an educated family and was somebody who grew up in a very stable family. His father was an attorney and his mother was a debutante. Reed Hastings attended Buckingham Brown & Nichols School. He also had a job around this time and he was going door to door selling vacuums. He was doing this job in his gap year before going to College. He went to Bowdoin College and he eventually graduated, he had a degree in Bachelor of Arts. Reed Hastings joined the marine cops after he graduated from his college. After his little experience, he went to teach maths to students in Africa between the years of 1983 to 1985. After his experiences in Africa, he went to Stanford University and he graduated with a Master’s degree in Computer Science.

Career

Netflix was founded in 1997 and was co-founded with Reed Hastings and Marc Rudolph. One of the more influential moments in Netflix’s history was bizarre but made a lot of sense. When going to the gym he realized that the gym charged you a standard fee to work out as much or as little as you like. Reed Hastings wanted to apply the same logic to Netflix. Netflix is a company that is known for the movies on the site however for a long time they weren’t doing this and they were using DVDs instead. However, due to their declining DVD sales, they had to have a change of plan. The company kept on growing and the company was able to provide 12,000 movies and TV series by the time 2009 reached. In the next few years, the growth of Netflix continued and by 2012 they had up to 27 million streaming customers within America. In April 2013 they had reached 36 million subscribers worldwide. Despite this impressive growth over the years, Netflix knew it needs to expand its popularity across the world. Reed Hastings has now developed Netflix into a position where they are now the go-to place if you want to entertaining TV series and Movies.

Personal Life

Reed Hastings in the past has mentioned that he is a huge fan of youtube and sees the platform as a remarkable service, His expertise is not only on Netflix he has been the director of Facebook since 2011. Reed Hastings currently lives in California and is currently married to Patricia Ann Quinn and he has two children. Reed Hastings has done many good things regarding charity and donated 1 million dollars to the Beacon education network so they could set up some new charter schools.

Reed Hasting Quotes

“At Netflix, we think you have to build a sense of responsibility where people care about the enterprise. Hard work, like long hours at the office, doesn’t matter as much to us. We care about great work.”

“My first company, the Pure Software, was exciting and innovative in the first few years and bureaucratic and painful in the last few before it got acquired. The problem was we tried to systemize everything and set up perfect procedures.”

“Comparing Apple to Netflix is like comparing apples to oranges, especially if the oranges made so many mistakes that people stopped eating oranges and just went back to Blockbuster.”

“But as an entrepreneur, you have to feel like you can jump out of an airplane because you’re confident that you’ll catch a bird flying by. It’s an act of stupidity, and most entrepreneurs go splat because the bird doesn’t come by, but a few times it does.”

“Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.”

“If the Starbucks secret is a smile when you get your latte… ours is that the Web site adapts to the individual’s taste.”

“It turns out that all Netflix streaming peak on Saturday night can fit inside a single fiber optic, which is the size of one human hair.”

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