Netflix co-founder swears by ‘great business philosophy’ from Jeff Bezos: ‘Take a lot of risks on things that are recoverable’
Publishing timestamp: 2024-04-18 11:45:54
Summary
Reed Hastings, co-founder of Netflix, believes in taking reversible risks to drive creativity and innovation. He follows Jeff Bezos' philosophy of distinguishing between one-way and two-way door risks. Hastings encourages his team to take more risks in greenlighting new shows, even if they are not guaranteed hits. He attributes his comfort with risk-taking to his experiences hitchhiking across Africa and teaching in the Peace Corps.
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Keywords: entrepreneurship, netflix inc, jeff bezos, reed hastings,