Reed Hastings - Building Netflix - [Invest Like the Best, EP.453]
Episode publishedPodcast: Invest Like the Best with Patr...Invest Like the Best with Patrick O'Shaughnessy
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Here's an interesting question to think about: If your finance team suddenly had an extra week every month, what would you have them work on? Most CFOs don't know because their finance teams are grinding it out on lost expense reports, invoice coding, and tracking down receipts until the last possible minute. That's exactly the problem that Ramp set out to solve. Looking at the parts of finance everyone quietly hates and asking why are humans doing any of this? Turns out they don't need to. Ramp's AI handles 85% of expense reviews automatically with 99% accuracy. Which means your finance team
Patrick O'Shaughnessy is the CEO of Positive Some. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of PositiveSum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of PositiveSum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc.
The most interesting thing about studying Netflix and talking to Reid is that it is, as a business, probably the single most relatable example since we all watch Netflix of two really simple ideas that everyone talks about but are very hard to do in practice. The first is this notion of finding a simple idea and taking it extraordinarily seriously. Netflix has effectively been scaling up its core original model since its inception. Reid talks in our conversation about how even the DVDs were nothing but a stepstone towards the streaming future that they envisioned at the very outset of the comp
My name is Brian Strang. I'm the technical operations lead, and I work at Congress Asset Management.
How would you describe your experience working with Ridgeline?
Ridgeline is a technology partner, not a software vendor, and the people really care. I get sales calls all the time and I ignore them. Ridgeline sold me very quickly. We went from 7,000,000,000 to 23,000,000,000, and the goal is 50,000,000,000. Ridgeline was the clear front runner to help us scale.
In your view, what most distinguishes Ridgeline?
They reimagined how this industry should work. Because obviously they were operating on another level.
It's worth reaching out to Ridgeline to see what the unlock can be for your firm. Visit ridgelineapps.com to schedule a demo. I wanna go back to your first business and the sort of origin story of this notion of talent density that you become very famous for. We'll talk about talent density for sure. It's one of these ideas that's now ubiquitous in most technology companies. I think you were sort of the originator of the concept. But I wanna hear how you came to learn that lesson in the first place. Presuming that your very first team wasn't just incredibly talent dense and perfect, what was t
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