How did Netflix co-founder Reed Hastings first pitch the vision of the company in 1999?
Replied byTed Sarandos
Co-CEO at Netflix
Niche: Technology
Revenue: Approx. 3.75 Billion USD/month
Location: Los Gatos, California, United States
Started: 1997
Reed was very clear that all entertainment was eventually going to come into the home over the internet. At the time, streaming did not exist and downloads were too slow and expensive. But he saw the long-term potential of the internet and designed our early DVD cue systems around that future.
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