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
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
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
Ready to walk away from the negotiating table but teheran says Good Progress is being made as the deadline is extended by 24 hours. Easter comes early for the swiss chocolate maker. It bounces to the top of the stoxx 600 despite kurncurrency head winds. Good morning. Lets kick things off with Economic Data in terms of march economic numbers. They have risen rising to 52. 2. Meanwhile the forecast was around 52. 4 so maybe this is a little bit of a disappointment for some but we have seen improvement in the german spanish, french figures and this number points to further improvement as well. Factories benefitting from the weaker Euro Dollar Exchange rate which is sensing its worst quarter on record. Down by around 11 and firms barely cutting prices last month. That is a really good sign and yesterday, remember the data confirming the deflation nary pressures for the euro zone, they are easing. Yes were still in deflation nary territory but that pressure is definitely easing so once agai
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