In this episode, Nam and Sean discussed Netflix, one of the most popular streaming services ever exists. They went back to 1997 where Netflix started its journey to become one of the most influential companies of the generation. They talked about the challenge and obstacles that almost led Netflix to bankruptcy after failed to be acquired by their famous rival Blockbuster. Thanks to the leadership of Reed Hastings, the company did not only survived but also thrived and adapted to the fast-changing streaming market. Tune in for more Netflix and chill!
Note:
Netflix was first founded in August of 1997 by two serial entrepreneurs, Marc Randolph and Reed Hastings
At first people order the DvD and Netflix send it to your home and after you done you send it back
Dot com bubble almost kill Netflix and force the founders to offer to sell the company for Blockbuster for 50 millions
Change from rental to subscription model
Culture:
https://www.slideshare.net/reed2001/culture-1798664
There are 7 Aspects of our culture
Some nuggets:
Blockbuster failed but could have won
DotCom bubble:
Reed Hastings book: https://www.amazon.com/No-Rules-Netflix-Culture-Reinvention/dp/B0845Z14DX/ref=sr_1_1?dchild=1&keywords=no+rules+rules&qid=1626216457&sr=8-1
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