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How He Did It: NetFlix CEO Reed Hastings

With all the buzz, streaming viewer convenience, and continued shooting stock price of Netflix, I wanted to take a look at who was behind this influential movement.

Reed Hastings is the CEO of Netflix, and he describes his rise to wealth in this excellent article from INC.Com back in 2005.

Also below is a link to a recent video from 60 Minutes.

http://www.cbsnews.com/video/watch/?id=2223713n

Most interesting is to hear Reed speak about viewers preference from DVDs to streaming entertainment, and its similarity with listeners preference from CDs to MP3s.

In the INC.com article, he discusses founding his first company Pure Software, which was a [Read more...]

Billionaire Yoshikazu Tanaka and The Social Network of Japan

With the film The Social Network being released recently, everyone has heard of Mark Zuckerberg of Facebook, the youngest billionaire in the world. However, some may not yet have heard of Yoshikazu Tanaka, the second wealthiest billionaire in the world under the age of 35.

Yoshikazu is the only self made billionaire in Asia, of three, under the age of 35. His wealth comes from founding Japan’s second-largest social networking site Gree.jp. The site’s popularity raised the company’s stock considerably, making him worth 1.6 billion. (he owns 51% of the company).

Despite his site being the second-biggest social networking site in Japan as far as registered users, his savvy business skills allowed the site to actually earn more than Japan’s top social networking site Mixi.jp. He did this by focusing on mobile games and making partnerships with major internet service providers (KDDI owns 7 % of the site). Through these partnerships, his site earns greater profits [Read more...]