#730: Reed Hastings, Co-Founder of Netfl...

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.

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Timestamps:

[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.

[28:39] Believing in the green crystals.

[30:54] High-performance team, not family.

[31:59] The keeper test.

[32:49] Fire and replace, or replace and fire?

[33:59] Beyond Entrepreneurship and other recommended reading/viewing.

[37:46] A favorite failure.

[40:32] Outstanding leaders.

[41:10] Reed’s two “religions.”

[42:19] Powder Mountain.

[44:44] How Powder Mountain differs from Reed’s other projects.

[46:24] Powder Mountain’s biggest challenges ahead.

[47:02] Could Reed ever really retire?

[47:19] Best investments of time, energy, or money.

[48:49] How can we improve education in the US?

[52:48] What class would Reed teach?

[53:59] Juggling projects without losing focus.

[55:04] Philanthropy: Why Africa?

[55:32] Being “big-hearted champions who pick up the trash.”

[56:28] Reed’s billboard.

[58:01] Parting thoughts.

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