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Crispina Blomker

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Aug 2, 2024, 6:02:40 AM8/2/24

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Please enjoy this transcript of my interview with Reed Hastings (@reedhastings), who became executive chairman of Netflix in 2023, after 25 years as CEO. He co-founded Netflix in 1997. In 1991, Reed founded Pure Software, which made tools for software developers. After a 1995 IPO and several acquisitions, Pure was acquired by Rational Software in 1997. Reed is an active educational philanthropist and served on the California State Board of Education from 2000 to 2004. He is currently on the board of several educational organizations including KIPP and Pahara. Reed is also a board member of City Fund and Bloomberg.

He received a BA from Bowdoin College in 1983 and an MS CS in artificial intelligence from Stanford University in 1988. Between Bowdoin and Stanford, Reed served in the Peace Corps as a high-school math teacher.

You can learn more about Powder Mountain at PowderMountain.com.

Transcripts may contain a few typos. With many episodes lasting 2+ hours, it can be difficult to catch minor errors. Enjoy!

Tim Ferriss: What were some of the line items that quickly helped people to select out or put a different way? What were some of the principles that caused the strongest reaction in folks?

Tim Ferriss: And does it all also sort of, not absolve, but minimize the guilt that managers feel so you get a more accurate read rather than say putting employees on a performance plan or something like that? And then that takes four to six months or however long anyway.

Reed Hastings: So for 25 years, I was CEO of Netflix, which consumed a lot of my time. And I did philanthropy a couple days a month, and I do Powder intensely and I do philanthropy a couple days a month.

Tim Ferriss: Now, is Africa in this case, the chance beneficiary of you having been assigned to Africa way back in the day? Or could it just as easily have been someplace in Latin America or elsewhere?

Tim Ferriss: Seems to be working out pretty well as far as I can tell. What else are you doing at Powder Mountain that is different or exactly the same as say what you did at Netflix? In other words, what lessons have you carried over, if any come to mind?

The Tim Ferriss Show is one of the most popular podcasts in the world with more than one billion downloads. It has been selected for "Best of Apple Podcasts" three times, it is often the #1 interview podcast across all of Apple Podcasts, and it's been ranked #1 out of 400,000+ podcasts on many occasions. To listen to any of the past episodes for free, check out this page.