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" I think there will be 20 years of evolution from linear broadcast to internet television. "
Reed Hastings
Think
Evolution
Internet
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" It turns out that all Netflix streaming peak on Saturday night can fit inside a single fiber optic, which is the size of one human hair. "
Reed Hastings
Saturday
Size
Hair
" We have a very wide range of content, but the brand-newest movies, what's happening with those is a $30 pay-per-view option - not from Netflix but from DirecTV and others - of movies that are in the theater. "
Reed Hastings
Those
Netflix
Movies
" Great leaders, like Steve Jobs or Jeff Bezos, also focused on the long term. "
Reed Hastings
Like
Long
Long Term
" In fact, technology has been the story of human progress from as long back as we know. In 100 years people will look back on now and say, 'That was the Internet Age.' And computers will be seen as a mere ingredient to the Internet Age. "
Reed Hastings
People
Story
Technology
" The Costa Rican government is prioritizing laying fiber optic over paving roads. Costa Rica is trying to become one of the Internet societies. This is happening throughout the world. "
Reed Hastings
World
Government
Internet
" In hindsight, I slid into arrogance based upon past success. "
Reed Hastings
Hindsight
Arrogance
Success
" My first company, Pure Software, was exciting and innovative in the first few years and bureaucratic and painful in the last few before it got acquired. The problem was we tried to systemize everything and set up perfect procedures. "
Reed Hastings
Pure
Problem
Perfect
" I'm an HBO subscriber, and I watch a bunch of great shows on HBO. "
Reed Hastings
Bunch
Shows
HBO
" Comparing Apple to Netflix is like comparing apples to oranges, especially if the oranges made so many mistakes that people stopped eating oranges and just went back to Blockbuster. "
Reed Hastings
Mistakes
Apple
Apples
" But as an entrepreneur you have to feel like you can jump out of an aeroplane because you're confident that you'll catch a bird flying by. It's an act of stupidity, and most entrepreneurs go splat because the bird doesn't come by, but a few times it does. "
Reed Hastings
Flying
Bird
You
" In the U.S., HBO is a very aggressive service. "
Reed Hastings
Aggressive
HBO
Very
" There is a revolution happening, and within two years I think that Wi-Fi and Netflix will be built into all the televisions. "
Reed Hastings
Netflix
Will
Revolution
" In 20 years from now we will all be able to click and watch TV. "
Reed Hastings
Will
Now
Years
" Broadcast TV is like the landline of 20 years ago. "
Reed Hastings
Years Ago
Broadcast
Like
" Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use. "
Reed Hastings
Humanity
Iron
Stone
" If the Starbucks secret is a smile when you get your latte... ours is that the Web site adapts to the individual's taste. "
Reed Hastings
Smile
Your
You
" In the States, there's ESPN3, and each country has different options, and other than premiere league football, there tends to be very little global content. And movie and TV rights are pretty broad content. "
Reed Hastings
Content
Country
Football
" I founded Netflix. I've built it steadily over 12 years now, first with DVD becoming profitable in 2002, a head-to-head ferocious battle with Blockbuster and evolving the company toward streaming. "
Reed Hastings
Battle
Company
Netflix
" We are seeing the beginning of things. Web 2.0 is broadband. Web 3.0 is 10 gigabits a second. "
Reed Hastings
Web
Seeing
Beginning
" Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they'll turn out to be right. "
Reed Hastings
Right
Turn
Ideas
" Most companies that are great at something - like AOL dialup or Borders bookstores - do not become great at new things people want (streaming for us) because they are afraid to hurt their initial business. "
Reed Hastings
New
Great
Business
" I've worked very hard, but my life's always been fun. "
Reed Hastings
Fun
Very
Life
" About half my work in education is U.S. political reform around school districts and charter schools, and creating more room for entrepreneurial organizations to develop. And about half on technology, which I look at as a global platform. "
Reed Hastings
School
Technology
Work
" At Netflix, we think you have to build a sense of responsibility where people care about the enterprise. Hard work, like long hours at the office, doesn't matter as much to us. We care about great work. "
Reed Hastings
Great
Responsibility
Work