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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Technology back to the 19th century, yesterday was a bellwether announcement. Applean the idea that made 26 billion worth of iphones and a shutdown is unbelievable. Tom that is a granularity job lisa job. Something on instagram, researches it on google, and buys the iphone. Jonathan you are describing yourself and projecting onto lisa what you are doing. Lisa [laughter] jonathan it will be about the nasdaq and big tech. Rumor, and it is not just us, it is our kids at home. We are trying to give them a screen and throw out parenting guidelines. As we look to washington, d. C. For guidance, there is none. Jobless benefits will expire without benefits past at the end of the day. U. S. Personal income and spending down over the month of june, but it will give us a sense of how much did ulster the saving and spending capabilities of americans bolster the saving and spending capabilities of americans. The university of Michigan Consumer sentiment speaking about a rollover. Jonathan keep your

Transcripts For CSPAN2 The Communicators How Netflix Got Started 20240713

Cspan, created by private industry, americas cabletelevision company, as a Public Service and brought to you today by your television provider. Host Mark Randolph is a cofounder of netflix and he is the author of this new book, that will never work. Mr. Randolph, what the idea of netflix come from . Guest ideas come from the strangest places. In that will never work a talk about this crazy idea we had in of all places carpooling. My cofounder Reed Hastings and i were commuting back and forth to work brainstorming ideas, and one of these crazy ideas we had with maybe we could do video rental by mail using dvds. Rather than rushing home writing a Business Plan or hurrying to the office and doing a powerpoint slide show, we decide we would try to take the first step to validate that idea so we turned the car around, drove down to santa cruz we both lived. I went to a used music store and bought a little music cd. I think it was patsy cline. We went next door, bought a little gift envelope

Transcripts For CSPAN The Communicators How Netflix Got Started 20240713

Writing a Business Plan or hurrying to the office and doing a powerpoint, we decided to take the first step so we turned the car around, we drove down to santa cruz. I went to a used music store and buy a music cd. I think it was patsy cline. We went next door and bought a gift envelope like you would put a greeting card in. We put the cd in the envelope and mail to my colleagues house and the next day, he had an unbroken cd and an envelope that had gotten to his house and 24 hours for the price of a firstclass stamp. If there was an aha moment, i think that was it. Peter to where we do call carpooling . Marc reed was the cofounder of a Software Company that had acquired another company that i was working at called integrity qa. I went to work for him and we spent about nine months working together and we lived in the same town so we spent those nine months carpooling. Then, lightning struck. Somehow, inexplicably turning it into a company which is changed the way we watch television.

Transcripts For CSPAN2 The Communicators How Netflix Got Started 20240713

Rather than rushing home and writing a Business Plan or hurrying to the office and doing a powerpoint slideshow, we decided we would try to take the first step to validating that idea. We drove down to santa cruz where we both lived. I bought a little music cd. I think it was patsy cline. We went next door and bought a little gift envelope. We put the cd in an envelope and mailed it to reids house. The next day when he picked me up, he had an unbroken cd and an envelope that got to his house 24 hours for the price of a first class stamp. If there was an aha moment, i think that was it. To where were you carpooling . Read was the founder of a Company Called peer atria. A big geeky software company. Integrity qa. I went to work for reid and we spent about nine months working together. As luck had it, we lived in the same town so we spent those nine months carpooling together. And then lightning struck. It was going to be acquired. Both reed and i were going to be out of a job. I decided

Transcripts For CSPAN2 The Communicators How Netflix Got Started 20240713

Of all places carpooling. My cofounder Reed Hastings and i were committing back and forth to work and brainstorming ideas and one of the crazy ideas we had in that ride was maybe we could do video rental by mail using dvds. Rather than rushing home and writing a Business Plan or hurrying to the office and doing a powerpoint slide so we decided we would try to take the first step to validating that idea so each turned the car around, drove down to santa cruz where we both lived and went to a used music store and bought a little music cd. I think it was patsy cline. We went next door and bought a gift envelope like you put a greeting card end. We mailed it to read towels in the next day when he picked me up he had an unbroken cd and it envelope that i got to his house within 24 hours for the price of a firstclass stamp. If there was an aha moment, that was it. We want to where were you carpooling . Guest reed was the founder of a Company Called pure atria which is of a Software Company a

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