Reed Hastings became executive chairman of Netflix in 2023, after 25 years as CEO. He cofounded Netflix in 1997. Reed is also a majority owner of Powder Mountain. He is currently on the board of several educational organizations including KIPP and Pahara.

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Links to everything discussed in this episode: https://tim.blog/2024/04/03/reedhast...

Timestamps:

[00:00] Start
[00:14] Sponsor: Shopify global commerce platform — Try your first month for just $1.
[02:01] Sponsor: AG1 allinone nutritional supplement — Get a year's worth of Vitamin D with free with your order.
[05:12] Reed Hasting's bio
[06:49] Alfred Lee Loomis and Tuxedo Park.
[08:07] Risk tolerance: nature or nurture?
[11:11] Cultivating culture that “eats strategy for lunch.”
[15:56] The logic behind generous severance.
[17:16] Adapting to Pure chaos.
[18:58] Reference checking potential hires.
[20:43] Context vs. control.
[22:49] Radical candor.
[24:29] Guardrails for maintaining work/life balance.
[27:28] Farming for dissent.
[28:53] Believing in the green crystals.
[31:08] Highperformance team, not family.
[32:13] The keeper test.
[33:03] Fire and replace, or replace and fire?
[34:13] Beyond Entrepreneurship and other recommended reading/viewing.
[36:50] Sponsor: Wealthfront highyield savings account — Get a $50 bonus on a deposit of $500 or more.
[38:00] A favorite failure.
[40:46] Outstanding leaders.
[41:24] Reed’s two “religions.”
[42:33] Powder Mountain.
[44:58] How Powder Mountain differs from Reed’s other projects.
[46:38] Powder Mountain’s biggest challenges ahead.
[47:16] Could Reed ever really retire?
[47:33] Best investments of time, energy, or money.
[49:03] How can we improve education in the US?
[53:02] What class would Reed teach?
[54:13] Juggling projects without losing focus.
[55:28] Philanthropy: Why Africa?
[55:46] Being “bighearted champions who pick up the trash.”
[56:51] Reed’s billboard.
[58:15] Parting thoughts.

Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an earlystage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4Hour Workweek, The 4Hour Body, The 4Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 900 million downloads and been selected for “Best of Apple Podcasts” three years running.

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