Become part quant, part qual.

Watching Netflix CEO Ted Sarandos and Marc Andreessen in conversation. (edited)

TED SARANDOS:

The big fundamental difference between Silicon Valley and Hollywood, I think, is the quant and qual. There's an inability for Hollywood to wrap their head around, you know, quant.

The whole efficiency driven thing is very Silicon Valley, the whole quality driven thing is very Hollywood.

Rarely do those things meet. I think why Netflix has been successful in content, it’s pretty rare, is that we always kept a presence in Hollywood and a presence in Silicon Valley.

The people who work for me in LA, about a thousand people on all the aspects of content, they all think they work at the greatest entertainment company in the world, and I hope, I think they’re right. I think there's about four thousand people in Silicon Valley who would think they work for the best tech company in the world. I think they’re right.

We never tried to jam either culture on the other, we just respect the two cultures.

At the early days of entertainment in the internet, the tech companies would come in to Hollywood, they'd lawyer up and agent up, and have these meetings and write big checks and  fly home, and nobody knew who they were.

The entertainment industry's almost all about relationships and trust, because again, there is no quant. You really have to trust your instincts on a lot of things including people.

ACTION POINT: Become part quant, part qual.