Businessman

Reed Hastings

Reed Hastings

Born:

Reed Hastings is an American entrepreneur, co-founder, Chairman, and CEO of Netflix born on 8 October 1960, In U.S.

Family Background:

He is the son of Joan Amory and Wilmot Reed Hastings.

Personal Life:

He is married to Patrician Ann Quillin. The couple has two children.

Education:

He had started his education from a private school in Cambridge. Later he had joined the Bowdoin College where He had studied mathematics. In 1983, He had graduated and had joined the Peace – Corps. In 1988, He had joined the Stanford University upon returning from the Peace Corps and earned his Master’s degree in computer science.

Career:

He had started on a career as a software developer and accepted a job at Adaptive Technology, where he had worked under Audrey MacLean who was the CEO at that time. He quit this job in 1991. Reed Hastings had been an administrator at heart and had always wanted to start his own company. Together Raymond Peck and Mark Box, he formed his first company, Pure Software in October 1991. The company, which had produced products to troubleshoot software, grew rapidly over the ensuing years.  In 1995, The company had gone public and Pure Software merged Atria to form Pure Atria Corporation in 1996. However, some unexpected problems cropped up after the merger and the combined company, Pure Atria, had been acquired by Rational Software in 1997. Then he had collaborated with Marc Randolph to co-found Netflix in 1997. Netflix had been conceived as a media rental service which offered flat rate rental-by-mail to customers in the United States. By 1998, Netflix had started to mail-order DVD services. Initially, Customers had been allowed to rent each DVD for a seven-day period. That system had been changed in 1999 and now subscribers could pay a set monthly fee to rent an unlimited number of DVDs. Later Hastings became known for the innovative administration strategies He had implemented in Netflix’s administration. In 2007, He had joined the Board of Microsoft and served there till 2012. He had also served as a director of Facebook since June 2011.

Reed Hastings

Unknown Facts:

  • Wilmot Reed Hastings Jr. is his real name.

Master Stroke:

  • Reed Hastings is the co-founder of Netflix, a media rental service which is based on his innovative ideas. The company’s services are open all over North America, Several parts of Europe and also in Australia, South America, and New Zealand.

Awards and Achievements:

  • In 2014, He had been presented The Henry Crown Leadership Award.

What can we learn from Him??

Like Reed Hasting, Keeping it simple. Maintains a work-life balance.

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