Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
Netflix In 2000
In 2000, Netflix co-founders Reed Hastings and Marc Randolph tried to sell their company to Blockbuster for $50 million.
“Of course, [Blockbuster] wasn’t interested. What did we possibly have to offer that they couldn’t do more effectively themselves?”
31
564 reads
Netflix Was A Game changer
But as the world changed, it became clear that Netflix did have something different.
In 2010, Blockbuster declared bankruptcy — they’d been unable to transition from DVD rentals to streaming.
28
290 reads
Netflix’s Revenue Skyrocketed
By 2019, Netflix had over 167 million subscribers in 190 countries and its original film Roma won three Oscars. Why did it, and not Blockbuster, succeed?
29
285 reads
Netflix Work Culture
NETFLIX’S CULTURE PROMOTES FREEDOM AND RESPONSIBILITY AND HELPS EMPLOYEES INNOVATE AND ADAPT
Netflix has what Hastings calls a “no rules rules” culture. They value “innovation over efficiency” and “people over process.”
36
257 reads
Freedom To Explore
This means employees are given free rein to pursue new ideas that they see as in the best interest of the company.
This flexibility leads to new discoveries and allows Netflix to consistently reinvent itself in a rapidly changing world.
32
246 reads
Netflix Culture Of Freedom
It’s important to note that Netflix’s culture of freedom is made up of three elements:
- building up talent density,
- increasing candor, and
- reducing controls.
30
225 reads
Reduce Control
Highly successful and creative people can innovate better with more freedom.
29
206 reads
IDEAS CURATED BY
CURATOR'S NOTE
Best book I read in 2020. If you are looking for a book to help you with setting up and managing high performing teams, this is the book for you. How Netflix manages the team, vacation policy etc. you won’t be disappointed.
“
Curious about different takes? Check out our No Rules Rules Summary book page to explore multiple unique summaries written by Deepstash users.
Edison Ade's ideas are part of this journey:
Learn more about productivity with this collection
How to build trust and respect with team members
How to communicate effectively
How to motivate and inspire others
Related collections
Different Perspectives Curated by Others from No Rules Rules
Curious about different takes? Check out our book page to explore multiple unique summaries written by Deepstash curators:
1 idea
Bogdan "Bog" Mihai's Key Ideas from No Rules Rules
Reed Hastings, Erin Meyer
9 ideas
Quotes 's Key Ideas from No Rules Rules
Reed Hastings, Erin Meyer
1 idea
Simon Yip's Key Ideas from No Rules Rules
Reed Hastings
Discover Key Ideas from Books on Similar Topics
16 ideas
7 ideas
I Asked My Millionaire CEO About His Favorite Productivity Tools
entrepreneurshandbook.co
9 ideas
CEO Excellence
Carolyn Dewar, Scott Keller, Vikram Malhotra
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates