Inside Netflix: The Company Culture That Created a $37B Business

Photo courtesy of Helge Thomas, Flickr

If you bought $1,000 worth of Netflix shares when they went public in 2004, they would be

worth $82,819 today

That’s an 8,281% return on your money in 11 years, or a

752% return each year

Netflix is a critical mix of three important elements every company needs to

succeed

Innovation and timing are critical, but today we will

focus on the brilliant company culture Netflix founder Reed

Hastings created

Photo courtesy of re:publica, Flickr

Reed Hastings,Netflix Founder & CEO

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Before we continue...

Here are our top 10 take aways from Netflix’s culture

deck

Flexibility is more important than efficiency over the long

term

1

Titles aren’t prestigious and are not a way to measure the

impact you have on the company

2

People are paid relative to their market value, not to

keep up with their co-workers

3

It’s up to you, the individual, to manage your career path - not the management team

4

The best managers spend most of their time focused on context not

control

5

Everyone should behave and make decisions like they are the owner of the company

6

Focus on the result, not the process - as long as the result is

great, who cares about the process?

7

Have a bias towards action and don’t get stuck in “analysis

paralysis” - just do it

8

Respect everyone in the company, regardless of their

status or title

9

Look to your employees to create and suggest ideas that

will drive the company forward

10

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