Reed Hastings

Reed Hastings


Reed Hastings, the Netflix CEO, co-founded the largest online DVD rental service in 1998 with his friend Marc Randall. Using a revolutionary new method for DVD rental a flat monthly fee gave any American to what has grown to a collection of over 100,000 titles by mail.

The eureka moment for Reed Hastings in becoming the Netflix CEO was when he was supposed to return a video to a movie rental store, and due to having a very large period of time in which Reed Hastings had held the video past the due date, a large fine was to be imposed. Reed Hastings owed the video rental store more than the video was worth. Later on the way to the gym he realized that he liked that business model much more

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