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My guest today is Reed Hastings, the co-founder and former longtime CEO of Netflix. Netflix is an example of two ideas that everyone talks about, but are extremely hard to do in practice. The first is finding a simple idea and taking it extraordinarily seriously. Reed talks about how even the DVD business was nothing more than a stepping stone toward streaming, which they envisioned from the company's inception in 1997. The second is talent density, and what it actually takes to set and sustain an exceptionally high bar over decades as a company grows. We talk about how those ideas shaped Netflix's culture and strategy, what Reed learned from mistakes like Qwikster, and why Netflix treated content like a venture portfolio. We also discuss Reed's work today. He shares how he's thinking about AI, what he's learned from serving on the boards of Microsoft, Meta, Anthropic, and Bloomberg, and what excites him about Powder Mountain, the ski resort he acquired after Netflix. Please enjoy my conversation with Reed Hastings. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Ramp. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to ramp.com/invest to sign up for free and get a $250 welcome bonus. ----- This episode is brought to you by Vanta. Trusted by thousands of businesses, Vanta continuously monitors your security posture and streamlines audits so you can win enterprise deals and build customer trust without the traditional overhead. Visit vanta.com/invest. ----- This episode is brought to you by Rogo. Rogo is an AI-powered platform that automates accounts payable workflows, enabling finance teams to process invoices faster and with greater accuracy. Learn more at Rogo.ai/invest. ----- This episode is brought to you by WorkOS. WorkOS is a developer platform that enables SaaS companies to quickly add enterprise features to their applications. Visit WorkOS.com to transform your application into an enterprise-ready solution in minutes, not months. ----- This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Visit ridgelineapps.com. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Timestamps (00:00:00) Sponsors (00:03:33) Welcome to Invest Like The Best (00:04:29) Intro (00:05:43) Sponsors (00:07:16) The Concept of Talent Density (00:11:19) Evaluating Talent (00:13:47) Managing on the Edge of Chaos (00:14:51) Why Netflix Gave Large Severance Packages (00:16:37) The Keeper's Test (00:17:07) The Qwikster Mistake (00:19:15) The Informed Captain (00:20:39) How to Come Up with Good Ideas (00:22:32) Transitioning to Streaming (00:23:05) Being on the Board of Facebook, Microsoft, Anthropic & Bloomberg (00:26:25) The Role of a Board Member (00:29:37) Sponsors (00:30:15) Why Netflix Had Open Compensation (00:32:04) Netflix's Content Strategy (00:37:52) Competing with YouTube and Traditional TV (00:39:23) Creating Hit Content (00:40:02) Impact of AI on Netflix (00:41:24) Innovations in Show Formats (00:43:23) Sponsors (00:43:44) Netflix's Technology Backbone (00:45:29) Expanding into Gaming (00:46:06) Lessons from Failed Projects (00:47:30) Financial Strategy and Capital Allocation (00:50:27) Stepping Down as CEO (00:50:52) Powder Mountain (00:56:08) Focus on Education and AI (00:59:00) Risks and Benefits of AI (01:00:56) The Kindest Thing (01:02:56) Sponsors
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Hour 1 Starting Lineu: Kyle Whittingham speaks for first time since stepping down People just need to realize Keyonte George is pretty good Road Home Hour 2 CBS Sports CFB writer Shehan Jeyarajah Good, Bad & Ugly Hour 3 Bowl games Kansas City Chiefs super fan Rusy Keys invades show
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Jake & Ben Full Show from December 19, 2025 Hour 1 David James sits in with Jake to talk Jazz. Top 3 Stories of the Day: Kyle Whittingham "At Peace" with decision to step down as Utah's Head Coach, How Good is Keyonte George? And College Football Playoffs begin tonight. Hour 2 Steve Bartle, Utah Insider for KSLSports.com, joined to talk about Kyle Whittingham and the comments he made regarding his decision to step down as Utah's Head Coach. Breaking down the Jazz's loss to the Lakers.
DJ & PK in its entirety on December 19, 2025 Hour 1 Jazz Game Recap following a 143-135 Jazz loss to the Lakers. Ken Pomeroy joined the station yesterday to talk College Hoops. Kyle Whittingham spoke to the media yesterday for the first time since stepping down as head coach. Hour 2 What is Trending Across the World of Sports. Jazz lose despite another big game from Keyonte George, Seahawks win a thrilling Overtime Thursday Night Football Game, Kyle Whittingham speak for firs time since stepping down. Are you rooting for the Underdogs in the College Football Playoffs this weekend? Kyle Whittingham was not forced out. Hour 3 Kyle Whittingham spoke to the media yesterday and it was the first time we've heard from him since he announced that he is stepping down as Utah's Head Coach. He says he is at peace with his decision. David Locke, Radio Voice of the Utah Jazz, joined to talk about the team after a close loss to LA - although Keyonte George continues to impress. NFL Locks of the Week. Hour 4 Kevin Graham makes his weekly appearance to talk NFL and College Football. Slacker Headlines
The national CFB writer for CBS on Kyle Whittingham leaving Utah FB, Spencer Fano winning Utah's first Outland Trophy, CFP 1st Round begins tonight + more
Former Utes QB Frank Dolce
Top 3 Stories of the Day: Kyle Whittingham to speak today for the first time since stepping down. Are the Utah Mammoth getting back on track? Puka Nacua sparks controversy appearing on a live stream
Hour 2 of DJ & PK on December 18, 2025 What is Trending across the world of sports on December 18, 2025. Tonight might be LeBron James's last time playing the Jazz in Salt Lake City. Do you care about that? Kyle Whittingham is scheduled to speak to media at practice today. It's the first time we will hear from him since the announcement that he is stepping down.
The former Utah & NFL LB on the end of the Whittingham era for Utah FB, Did his decision to step down have to do with NIL money (?), Supporting Morgan Scalley as he takes over + more
The former Utah & NFL LB on the end of the Whittingham era for Utah FB, Did his decision to step down have to do with NIL money (?), Supporting Morgan Scalley as he takes over + more
The former Utah & NFL LB on the end of the Whittingham era for Utah FB, Did his decision to step down have to do with NIL money (?), Supporting Morgan Scalley as he takes over + more
The former Utah & NFL LB on the end of the Whittingham era for Utah FB, Did his decision to step down have to do with NIL money (?), Supporting Morgan Scalley as he takes over + more
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
JJ & Alex with Jeremiah Jensen and Alex Kirry on December 15, 2025. Kyle Whittingham steps down, Morgan Scalley new head coach Andy Phillips, former Utah Utes placekicker Weekend Warriors Cole Bagley, Utah Mammoth insider for KSL Sports NFL Blitz: One of the best weekends for all the Locals in the NFL Sucks to be YOU! Chandler Holt, Digital Writer for KSL Sports and co-host of the Jazz Notes Podcast Utah Jazz vs Dallas Maverick Best and Worst of the Day
Hour 1 of JJ & Alex with Jeremiah Jensen and Alex Kirry. Kyle Whittingham steps down, Morgan Scalley new head coach Andy Phillips, former Utah Utes placekicker Weekend Warriors
Coach Ron McBride Good, Bad & Ugly Whole World News
Former Utah head football coach Ron McBride
Starting Lineup: Morgan Scalley era begins after Kyle Whittingham steps down Scotty makes a memory at Broncos Vs Packers game What you may have missed
Hour 1 Starting Lineup: Morgan Scalley era begins after Kyle Whittingham steps down Scotty makes a memory at Broncos Vs Packers game What you may have missed Hour 2 Coach Ron McBride Good, Bad & Ugly Whole World News Hour 3 Thoughts on Utah's private equity Sports Roulette
The Utah Football Analyst & Utes legend on Kyle Whittingham no longer the head coach of Utah football, Is this a retirement (?), Morgan Scalley taking over the program + more
The Utah Football Analyst & Utes legend on Kyle Whittingham no longer the head coach of Utah football, Is this a retirement (?), Morgan Scalley taking over the program + more
Hour 2 of Jake & Ben on December 15, 2025 Former Utah Ute Christian Cox joined the show to talk about Kyle Whittingham stepping down as the Team's Head Coach. What's next for Kyle and how will Morgan do as the next Guy? How will Morgan Scalley add his own flair as the next Head Coach for the University of Utah? Donovan Mitchell blamed himself for Cleveland's Overtime loss to Charlotte. That's actually a shot at his teammates.
Jake & Ben Full Show on December 15, 2025 Hour 1 Over the weekend, the University of Utah announced that Kyle Whittingham will step down as Head Coach and Morgan Scalley will take over. Top 3 Stories of the Day: Is Keyonte George becoming the Face of the Utah Jazz? Dylan Guenther with ANOTHER Game Winner. The Denver Broncos hold the best record in the NFL. Cincinnati Quarterback Brendan Sorsby is entering the Transfer Portal. Hour 2 Former Utah Ute Christian Cox joined the show to talk about Kyle Whittingham stepping down as the Team's Head Coach. What's next for Kyle and how will Morgan do as the next Guy? How will Morgan Scalley add his own flair as the next Head Coach for the University of Utah? Donovan Mitchell blamed himself for Cleveland's Overtime loss to Charlotte. That's actually a shot at his teammates.
Chrisitian Cox, former Ute, joined Jake & Ben to talk about Kyle Whittingham stepping down and Morgan Scalley taking over.
The Utah football Analyst & Utes legend on Kyle Whittingham stepping down as head coach, Will he coach somewhere else (?) + more
The Utah Football Analyst & Utes legend on Kyle Whittingham no longer the head coach of Utah football, Is this a retirement (?), Morgan Scalley taking over the program + more
The Utah Football Analyst & Utes legend on Kyle Whittingham no longer the head coach of Utah football, Is this a retirement (?), Morgan Scalley taking over the program + more
Hans Olsen discusses Kyle Whittingham news
Former Ute QB Frank Dolce
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Trevor Reilly, former Utah Utes defensive end and linebacker, joins the program to talk about the breaking news of Utah head coach Kyle Whittingham stepping down from his position.
JJ & Alex with Jeremiah Jensen and Alex Kirry on December 12, 2025. Kyle Whittingham makes the announcement you've all been waiting for Steve Bartle, Utah Utes insider for KSL Sports Christian Cox, former Utah Utes defensive end David James, Host of DJ & PK Trevor Reilly, former Utah Utes defensive end and linebacker Alex Jensen, Utah Men's Basketball head coach Utah Jazz at Memphis Grizzlies
Hour 2 of JJ & Alex with Jeremiah Jensen and Alex Kirry. Trevor Reilly, former Utah Utes defensive end and linebacker Alex Jensen, Utah Men's Basketball head coach Utah Jazz at Memphis Grizzlies
Hour 1 of JJ & Alex with Jeremiah Jensen and Alex Kirry. Steve Bartle, Utah Utes insider for KSL Sports Christian Cox, former Utah Utes defensive end David James, Host of DJ & PK
Ben Criddle talks BYU sports every weekday from 2 to 6 pm.Today's Co-Hosts: Ben Criddle (@criddlebenjamin)Subscribe to the Cougar Sports with Ben Criddle podcast:Apple Podcasts: https://itunes.apple.com/us/podcast/cougar-sports-with-ben-criddle/id99676
Former Ute QB Frank Dolce Hans Olsen discusses Kyle Whittingham stepping down
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Catch “The Drive with Spence Checketts” from 2 pm to 6 pm weekdays on ESPN 700 & 92.1 FM. Produced by Porter Larsen. The latest on the Utah Jazz, Real Salt Lake, Utes, BYU + more sports storylines.
Christian Cox, former Utah defensive end, joins the program to talk about the breaking news of Utah head coach Kyle Whittingham stepping down from his position.
Steve Bartle, Utah Utes insider for KSL Sports, joins the program to talk about the breaking news of Utah head coach Kyle Whittingham stepping down from his position.