Hi, everyone, welcome to the A6 and Z podcast.

Today's episode is based on a conversation between Reed Hastings, CEO and co-founder of Netflix, and Mark Andresen that took place at our inaugural summit event.

Given how rare it is for companies to successfully disrupt themselves, the way Netflix did when arguably cannibalizing its own DVD business for internet streaming

and then going into original content, how do they do it? Mark and Reid take us on a journey

through the origin story of Netflix to how the entertainment and tech industry has evolved

in this episode. And perhaps, Reid argues, we need more sophisticated metaphors than only the

paranoid survive for business

leaders to anticipate the paths and judgments behind which of the competitive paths they should put

the most effort into when they're thinking about what comes next.

Good, good. Welcome everybody. We'll just thrilled to be here today with Reed who makes about 90% of my favorite TV shows.

So we're going to spend the entire time talking about spoilers for the third season of Daredevil.

Hopefully you all have watched season one and two. Actually, let's start with a show of hands.

How many people here subscribe to Netflix?

That's pretty good. There's still a little room for

growth so reads very interesting guys so the quick historical story on my part how i first ran into

read so back when my partner eric bina and i at university of illinois in 1992 were first developing

what became mosaic which was the 400 net scape 92 92. 92, 1992, back in the good old days.

The big challenge for programmers, if you were a programmer back then, and some people in this

audience probably were, you dealt with a very specific technical challenge.

It was called memory leaks.

And so it's not so relevant of challenge anymore because things have changed.

But at the time, as a programmer, you had to keep track of how you used computer memory,

...