Hasting asked Barry McCarthy, the chief financial officer, to reevaluate the cash flow requirements of the company's current business plan to suggest modifications that would improve the company's projected cash flows, and to make a recommendation on whether the company should go forward with its planned offering.
As McCarthy reviewed the existing NetFlix business model, he considered possible changes that might allow the company to proceed with its planned IPO and yet sustain the type of future growth that would be necessary for the company to achieve its long-term objectives.
McCarthy was acutely aware of the company's current financing need, but he worried about the effect that changes to the business plan might have on the company's current operations.