Angel investor Jason Calacanis agreed and told "Squawk Alley" that while "there's a lot of headwinds for Netflix on the pricing front," he looks at other measures, like how "bingeable" is the original content, to determine how the business is doing. Calacanis said if Netflix can continue producing "amazing content" over the long term, then "the sky is the limit for Netflix" and Tuesday's price action is a buying opportunity.
"What I like about what Netflix is doing about raising the prices is that it gives them more money to spend on content and it builds this huge archive of content," Calacanis said Tuesday. He added that he has "huge faith in CEO Reed Hastings and his team."
Phil Libin, founder of Evernote, told "Squawk Alley" that the reason why he's still optimistic about Netflix's future is the degree to which the company has made its product a part of people's lives.
"I really like companies that have ingrained themselves into the fabric of people's daily lives and I think Netflix has done that more than most other companies," said Libin, who is now managing director at General Catalyst.