4.8 • 1.7K Ratings
🗓️ 2 August 2021
⏱️ 3 minutes
🧾️ Download transcript
In today's video, Patrick Bet-David talks about how important it is to keep innovating. For example, if Netflix didn’t evolve, it would have been in the cemetery of businesses like Blockbuster. Patrick Bet-David challenges you to reflect on how this relates to you as a person. The big question is: What could happen to you if you change, and you recreate yourself?
Watch the full video: https://youtu.be/Hgk0UPOJGyA
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0:00.0 | You know, when we think about innovation, |
0:01.2 | all we think about is companies innovating. |
0:02.9 | We don't think about us innovating, |
0:04.5 | not as an us being innovative, |
0:06.8 | but us innovating as individuals. |
0:09.0 | This is a Netflix DVD, right? |
0:11.5 | This is their old business model that they had. |
0:13.6 | You would rent a DVD from them that would ship it to you. |
0:16.5 | You don't watch it and take a week, |
0:17.9 | two weeks, three weeks, |
0:18.6 | that were going up against Blockbuster. |
0:20.0 | They didn't have the late fees. |
0:21.2 | Santa Mac, they'll send you the next movie |
0:22.8 | and it was a basic model they had, right? |
0:24.0 | I found this out this last week. |
0:26.1 | I was unboxing because I moved into a new house |
0:28.3 | and I'm going through all my stuff. |
0:29.3 | I found this. |
0:30.3 | So here's what's crazy about this one I look at, right? |
0:33.3 | This business model, |
0:34.4 | if they would have stayed like this, |
0:36.0 | they would have been out of business. |
... |
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