After working with Adaptive Software for a few years he left to go pursue his own company, Pure Software. This is where he gained experience working with customers and learning the tasks of the head of the company. After five years of ups and downs the company merged with Atria Software. Shortly after, Reed sold the company for $700 million.
How it all Started
Development of Netflix
Transition to Online
As time went on, Hastings realized that to keep up with its success, Netflix would have to adapt with the changes in technology. Netflix began a online video streaming service for its members; allowing them to access their account from any compatible device. By 2010, Netflix had gone from being one of the largest customers of the USPS service to the biggest source of internet traffic in the US.
50 Million Subscribers
In July 2014, Netflix announced it had over 50 million global subscribers, with 36 million of them in the US alone.