Assertion certainty 4/5 debate potential 2/5

Archambeau: Blockbuster's CEO dismissed Hastings' pitch, assuming they could buy Netflix

Shellye Archambeau · Take bigger risks (with Nordstrom’s Shellye Archambeau) · Apr 21, 2023 · at 23:28

Former Blockbuster.com president Shellye Archambeau describes her CEO's reaction when she presented Reed Hastings's partnership proposal in 1999.

0:00 / 0:09exact quote · 9.7s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“And I'll never forget, my boss, the CEO at the time of Blockbuster, he just sat back and said, ah, if that ever becomes anything, we'll just buy it.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Shellye Archambeau

Insight
Archambeau: Sales is the best first job regardless of career goals
“I tell people to this day, I think the best first job, I don't care what you want to do in life, it's a sales job. Best job. Because you learn how to ask for what you need. You ask for the order, and you learn how to be resilient, and that a no is not the end …”
Shellye Archambeau Apr 21, 2023 ▶ 15:50 Take bigger risks (with Nordstrom’s Shellye Archambeau)
Insight
Archambeau: Minorities hold an edge in international corporate assignments
“I tell people all the time, women, minorities, go do an international assignment. You will actually have a edge above people who have not been minorities and experienced being minorities in a new culture.”
Shellye Archambeau Apr 21, 2023 ▶ 18:42 Take bigger risks (with Nordstrom’s Shellye Archambeau)
Insight
Archambeau: Leading struggling startups for top VCs maximizes career upside
“And the reason I picked that strategy is I said, alright, if it doesn't work, nobody thought it was going to work anyway. But, at least I've had a top tier VC behind me, they've had a chance to see what I can do and who I am, and therefore hopefully get anothe…”
Shellye Archambeau Apr 21, 2023 ▶ 25:41 Take bigger risks (with Nordstrom’s Shellye Archambeau)
Assertion Supported
Archambault: Blockbuster rejected a Netflix merger, assuming it could buy them later
“Reed came out to Blockbuster, and pitched, let's take Blockbuster.com, the brand, let's take Netflix, the technology, put them together, and spit it out, and have Blockbuster.com, Inc. And I'll never forget, my boss, the CEO at the time of Blockbuster, he just…”
Shellye Archambeau Jan 30, 2024 ▶ 41:31 Learn from every “no” | Masters of Scale
Assertion Supported
Archambeau: Reed Hastings pitched combining Blockbuster's brand with Netflix's technology
“Reed came out to Blockbuster and pitched, let's take Blockbuster.com, the brand, let's take Netflix, the technology, put them together, and spit it out, and have Blockbuster.com, Inc.”
Shellye Archambeau Apr 21, 2023 ▶ 23:08 Take bigger risks (with Nordstrom’s Shellye Archambeau)
Insight
Archambeau: Board members know less about your company than you do
“It's so much easier for CEOs, especially when you're newer CEOs, to believe that your investors and your board members know more than you do. They do know more than you do. But they typically don't know more about your company, your market, your customers, you…”
Shellye Archambeau Apr 21, 2023 ▶ 31:07 Take bigger risks (with Nordstrom’s Shellye Archambeau)
Made with StarZero

Turn any episode into a week of clips.

This entire site, about 200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.