Reed Hastings, the founder of Netflix, changed the business model from perpetual to subscription license, which led to its success. The mistake people make is iterating on the "what" instead of the "who" and "how" of a business model.
Reed Hastings, founder and CEO of Netflix, recognized the importance of creating a winning company culture after his first startup, Pure Software, failed due to a culture that rewarded the wrong behavior and retained the wrong employees. To succeed in scaling a business, it is important to leverage every person in the organization by being intentional about crafting the culture.
The founder of Production Board, a permanent holding company with balance sheet and cash investments, shares how he talked with Larry Page and established it with Alphabet's investment.
Maintaining a good co-founder relationship is the trickiest part of starting a company as sometimes people are conflict diverse and try to avoid facing conflicts, but it's important to stay honest and inflect into conflicted situations.
The interviewee went from backpacking in California, to working on Wall Street in communications and technology industries. He explains why he made the move, and what allowed him to succeed.
The speaker thinks that all individuals involved in a scandal should face jail time and not just one person to take the blame. In the influencer space, there are likely several people involved in scandalous actions that should be held responsible.