Netflix founder and CEO, Reed Hastings has been discussing his career and his journey from selling vacuums door-to-door to leading the company at the fore of TV and film content creation and distribution.

Mr Hastings told Foundation Capital that shifting those vacuums was "a fantastic introduction to selling," but adds that getting accepted to the Stanford grad school was the real "lucky break" in his life.

While studying computer science there he mixed with entrepreneurs and started thinking that he could have his own company someday.

After time with some start-ups, and setting up his first company, a computer troubleshooting firm called Pure software, he moved on to Netflix.

He says that strategy is about "pruning the three of possibility" and thinking strategies through, so that you can see where an industry is going before your competitors can.

"From the day we started we knew DVD was going to die," Hastings reflects - before recounting the gruelling experience of going through a drawn-out battle with Blockbuster during the company's formative years.

Netflix now has 60 million subscribers and is worth more than $40bn.