Most companies that are great at something - like AOL dialup or Borders bookstores - do not become great at new things people want (streaming for us) because they are afraid to hurt their initial business.
Reed HastingsRead
Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they’ll turn out to be right.
Interpretation
What this quote means
Entrepreneurial ideas often seem impractical at first, but many can lead to success.
This quote emphasizes that many groundbreaking entrepreneurial ideas are often initially dismissed as foolish or unrealistic. However, history has shown that such ideas can eventually prove to be effective and transformative, highlighting the importance of vision and persistence in entrepreneurship.
Themes
EntrepreneurshipInnovationSuccessCrazy IdeasBusiness
In practice
Example use cases
This quote could be used in a motivational speech at a business seminar.
More from Reed Hastings
All quotes →Be brutally honest about the short term and optimistic and confident about the long term.
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I learned the value of focus. I learned it is better to do one product well than two products in a mediocre way.
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Truly brilliant marketing happens when you take something most people think of as a weakness and reposition it so people think of it as a strength.
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