His choice to leave Netflix and start mentoring go hand-in-hand. “There’s still things I want to learn, but now it’s my own list.” “I still have long lists of things that I want to accomplish every day,” Randolph says. (He writes in the memoir that he stepped down as president and board member so he could sell his shares without frightening shareholders: “Banks and investors don’t usually view a high-ranking executive in the company selling off massive amounts of stock as a good thing.”) But he can afford to do what he wants: spend time with his family and mentor other entrepreneurs. As for Randolph, his stock at the time of the IPO would be worth roughly $250 million today, and he has likely sold most of it. Hastings, who owns approximately 2.5% of the company, is worth $3.3 billion. Netflix’s market cap stands at $129 billion. Reed Hastings, cofounder and CEO of Netflix.
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