Netflix co-founder swears by ‘great business philosophy' from Jeff Bezos: ‘Take a lot of risks on things that are recoverable'

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Amazon founder Jeff Bezos believes that most risks are reversible, and therefore worth taking. Netflix co-founder and chairman Reed Hastings agrees.

Netflix co-founder swears by ‘great business philosophy' from Jeff Bezos: ‘Take a lot of risks on things that are recoverable'

" just gets in the way of creativity," Hastings said."In most fields ... you want to move fast, and some things don't work, and you fix them fast."the"Lex Fridman Podcast" last year. A two-way door risk is easy to take because it's reversible, so"you can come back in and pick another door," Bezos said.

The strategy can lead to surprise hits — Hastings cited the series"13 Reasons Why" as an example — or valuable lessons from the failures on what doesn't work, and why.. Hastings, for example, has"always been very comfortable" taking risks, even going back to his younger years when he"spent a bunch of college hopping freight trains and traveling around," he told Ferriss.to children in Swaziland, as an experience that made entrepreneurship feel less daunting.

 

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