Blitzscaling 16: Reed Hastings on Building a Streaming Empire 

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

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!

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

All the best Collin. Please share your progress

Moin Kolja

Nice indeed

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

frozenfrozen

did u get the job?

how did it go Rahul?

@@RamMohammadJosephKaur I did not get the job. 😑

@@ZB-py4zd nah

@@rahulningot3299 take care brother👍🏽

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

Don’t compare that idiot to these geniuses

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

Google Netflix culture

What are you saying?