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.

" Netflix launched a service in 2007 to stream movies and television to a users' computers. "I found myself questioning how we packed our backpacks and how we made our beds" said Hastings. "I founded Netflix" he told an interviewer; "I've built it steadily over 12 years.

Wilmot Reed Hastings Jr. He is the CEO of Netflix and on the boards of Facebook and numerous non-profit organizations. (born October 8 1960) is an entrepreneur and education philanthropist.