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> I think what this means to be a “tech company” often. Benedict Evans recently wrote about Netflix, and how it not really a tech company [https://www.ben-evans
by Apocryphon 3y ago
> I think what this means to be a “tech company” often. Benedict Evans recently wrote about Netflix, and how it not really a tech company [https://www.ben-evans.com/benedictevans/2019/7/31/Netflix https://www.ben-evans.com/benedictevans/2019/7/31/Netflix]. Evans says Netflix is a media company that uses technology “as a crowbar” to enter. He writes that the main drivers of the business Netflix is in content. While the technical aspects are impressive, they are quickly getting commoditized, lowering Netflix’s competitive advantage.
I wholeheartedly agree.
In fact, I am somewhat relieved that relatively influential (if not a bit controversial) figures like Evans can comfortable call a company like Netflix “a media company that uses” versus a “tech company”. This seems like a new development. Netflix is located right in Silicon Valley in Los Gatos. It has tons of engineers. It’s the N of the FAANG.
This does not mean that the technologists over at the company are not doing innovative, technically challenging work. But it means whatever work they do, the company will live and die mainly by its ability to create as much original content a possible. The rest, as they as, are on the margins.
https://www.readmargins.com/p/everything-is-a-tech-company-now https://www.readmargins.com/p/everything-is-a-tech-company-n...
- ghaff 3y ago>It’s the N of the FAANG Which was 1.) Basically a stock market thing when the term was coined by Jim Cramer and 2.) Netflix was doing a bunch of cutting edge things with tech to enable its streaming platform at one point. Now, a streaming platform isn't something you just buy off-the-shelf but it's not a particular differentiator, relative to content, either.