Reed Hastings

Co-founder, Netflix

“Most entrepreneurial ideas sound crazy, stupid, and uneconomic, and then they turn out to be right. Build a culture of freedom and responsibility.”

The one idea

Let go of what works before it stops working.

Ideas in the Tracker

Hire adults, give context not control, and let go of what works before it stops working.

Linked episodes

Illustrated by these cases

Let go of what is working before it stops working. A strategic inflection point rarely announces itself, so you move while it still feels early.

Continue exploring the tribe

Founder, Bridgewater

“Pain plus reflection equals progress.”

Founder, Amazon

“Minimize regret; it is always Day 1.”

Co-founder, Pixar

“Early drafts are ugly babies, protect them.”

Founder, AngelList

“Build specific knowledge and leverage.”

Co-founder, Apple

“Focus means saying no.”

CEO, Berkshire Hathaway

“Stay inside your circle of competence.”