Watched the "Moviepass: Movie Crash" documentary on Netflix last night. Very interesting and a must-watch for entrepreneurs. It shares the story of MoviePass and its spectacular rise and equally spectacular fall, thanks to outside investors who wrested control of the firm from co-founders Stacy Spikes and Hamet Watt and burned through cash at an unimaginable rate. If you're curious, the new MoviePass is profitable and is headed by the OG founder, Stacy Spikes. I'm a member. :-) #moviepass #startups #netflix MoviePass
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Netflix’s living document Reed Hastings explains that Netflix’s culture deck began as an internal tool to onboard employees and define its values, like freedom and high performance. It was later made public to help potential hires understand the culture, ensuring alignment before joining. The deck, now a living document, is updated annually to reflect Netflix’s evolving principles. —- Curating wisdom from world's best founders and showing the top 1% of startup advice, handpicked for you. #startupbell #startup #business #founder #entrepreneurship #entrepreneur #netflix #reedhastings
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"You don't lose the deal at 2 o clock that morning because you didn't check the fonts. You lost that deal 4 weeks ago when you didn't have the fundamentals right. No matter how hard you worked, you weren't going to change the outcome." Marc Randolph, Netflix founder, talks on the importance of focus and working smart. #focus #founders #startups
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"𝑰 𝒕𝒉𝒊𝒏𝒌 𝒂 𝒍𝒐𝒕 𝒐𝒇 𝒑𝒆𝒐𝒑𝒍𝒆 𝒈𝒊𝒗𝒆 𝒖𝒑, 𝒐𝒓 𝒂𝒕 𝒍𝒆𝒂𝒔𝒕 𝒔𝒐𝒎𝒆 𝒑𝒆𝒐𝒑𝒍𝒆 𝒅𝒐, 𝒂𝒏𝒅 𝑰 𝒅𝒊𝒅𝒏’𝒕 𝒘𝒂𝒏𝒕 𝒕𝒐 𝒍𝒐𝒐𝒌 𝒃𝒂𝒄𝒌 𝒂𝒏𝒅 𝒓𝒆𝒈𝒓𝒆𝒕 𝒊𝒕." Andy Callaghan discussed his Founder journey on episode #71 of The Brave—check it out via the links in the comments 🔗 #founder #startup #TheBrave
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Netflix was able to unseat then-industry leader Blockbuster because of its ability to execute fast, cheap, and "weird" experiments to test and validate business assumptions. This work ultimately enabled Netflix to address unmet customer demands and market opportunities quickly. Behind every innovation, like the launch of Netflix, there are hundreds (if not thousands) of assumptions that must be tested. So, how can those building startups determine whether or not their hypotheses are correct? High Alpha Innovation Build Associate Julia Tofan shares five proven ways to pressure-test assumptions during the venture-building process: https://lnkd.in/giEDptCh #VentureBuilding #Startups #Entrepreneurship
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