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Interview here on three -- in the valley we save it for definitely somebody that's been considered a Silicon Valley visionary he -- Anthony -- the CEO of a company called.
Roku welcome thank you for.
What -- -- kind of credits you with creating the TV -- the digital video recorder many many years ago and and now today let's talk about the product you have going -- roku which by the way Japanese for the number six which represents what my six company.
Sixth company -- a -- -- people in Silicon Valley do reflect.
-- -- -- -- -- -- While local with a company now and we talk about failure in television.
Netflix has been so hot that it knocked blockbuster off the block you figured out -- -- with this device.
To bring Netflix videos directly to the TV -- to the laptop -- it to us and tell us about it.
So this this is the little -- that's as tiny cost 99 dollars and that the system of control it's simple.
And community connect this your TV -- get up to your Internet connection.
And with you have Netflix.
And -- -- -- in this nine dollars a month you get access to 121000 movies.
And you can watch as many as you want his office -- one -- just Netflix.
It started out just Netflix.
We've been adding a lot of other services -- recently added Amazon video on demand so when Netflix -- -- You pay a monthly subscription let's say nine dollars a month.
And then you can watch their library of movies.
The way Amazon works is you don't have a subscription fee but you.
You pay for each movie scene might -- dollar -- at four dollars depending on the kind of movie but it got a much bigger selection they have 40000 movies this technology is being integrated directly into some newer television sets is that correct Telus would come your partner.
Well we were the first we were the first.
Products on the market -- -- support Netflix Netflix with -- with other companies like -- for example -- LG and Microsoft the Xbox so there's there's different ways to get to get Netflix so.
If your to have an Xbox for example or you -- an LG TV.
Then that might -- -- what you wanna -- but if you've got an existing TV carried on on an Xbox three have a bedroom -- on Xbox.
Then this -- nine dollars with significant that it solution where it of people bodies.
They get to -- -- dot com.
Roku dot com and about how many if you -- tell me about business you making a profit.
Police are shifting about a year ago and we've exceeded our expectations we don't give numbers it's in the hundreds of thousands of units in less than a year.
And yes those things things done well.
That's when he founded the company replay which had the digital video recorder.
You are on the verge of going public 300.
When you have pretty significant cash burn rate of what about ten million dollars a month right about him and then the dot -- crash -- right yeah that you know that was a bomber that dot com crash happened as -- and that was -- defining -- for -- that was that was sort of required that -- -- the company and -- the company and.
Today companies owned by DirecTV.
But at looking at starting companies you've got people who are watching you right now on fox business and wondering what I have an idea I'd like to start a company a what are the genetics of a person who has a startup what do you need to have that secret sauce to make it.
I think that these -- system.
That's the key is liked it tonight give up.
The -- is not my that are rather -- -- not giving up part.
Well let me also to raise money you have to be a salesman in many regards we've had a lot of venture capitalists from Draper Fisher said -- who have come in here I mean we've talked to the -- Point venture people.
They need somebody to come -- and give a -- job but it almost sounds like the idea is more important than the Hollywood aspect of boy have I got a picture for you.
Yeah it's not -- -- -- -- -- invest in the team and I mean -- critical to this and they invested in the idea.
And so yeah you do have to have a good idea and you do have to -- that you -- you have to know some people to build up to build your team.
He wants to take it public statement Liz -- is the company are OK you dot com is where you can get the device appear -- next Netflix fanatic thank you very much Anthony would think the CEO and founder of -- When the IPO -- we want to back -- -- they -- I don't think it caught what it meant.
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