Cash is bad — Reed Hastings

“It’s horrible how mismanaged most Silicon Valley companies are in capital.

Microsoft always wanted to have a lot of cash on hand. Apple had no cash 15 years ago in 2000. Who did the most innovation? The cash does not help. The cash insolates you in a bad way. It’s a bad thing that companies store cash.”

Reed Hastings (Netflix), to John Doerr (KPCB)

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