Reed Hastings became executive chairman of Netflix in 2023, after 25 years as CEO. He co-founded 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. This episode is brought to you by: AG1 all-in-one nutritional supplement: https://drinkag1.com/tim (1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase.) Wealthfront high-yield savings account: https://wealthfront.com/tim (Start earning 5% interest on your savings. And when you open an account today, you’ll get an extra fifty-dollar bonus with a deposit of five hundred dollars or more.) Shopify global commerce platform, providing tools to start, grow, market, and manage a retail business: https://shopify.com/tim (one-dollar-per-month trial period) Links to everything discussed in this episode: https://tim.blog/2024/04/03/reed-hastings/ Timestamps: [00:00] Start [00:14] Sponsor: Shopify global commerce platform — Try your first month for just $1. [02:01] Sponsor: AG1 all-in-one 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] High-performance 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 high-yield 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 “big-hearted 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 early-stage 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 4-Hour Workweek, The 4-Hour Body, The 4-Hour 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. Sign up for "5-Bullet Friday" (Tim's free weekly email newsletter): https://go.tim.blog/5-bullet-friday-yt/ Follow the Tim Ferriss Podcast: https://tim.blog/podcast/ Visit the Tim Ferriss Blog: https://tim.blog/ Follow Tim Ferriss on Twitter: https://twitter.com/tferriss/ Follow Tim Ferriss on Instagram: https://www.instagram.com/timferriss/ Like Tim Ferriss on Facebook: https://www.facebook.com/TimFerriss/