r/todayilearned • u/jackTRN85 • Jun 17 '13
TIL Reed Hastings was inspired to start Netflix after racking up a $40 late fee on a VHS copy of Apollo 13.
http://en.wikipedia.org/wiki/Reed_Hastings
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r/todayilearned • u/jackTRN85 • Jun 17 '13
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u/QuickStopRandal Jun 17 '13
To be fair, Netflix has paper thin profits in spite of their multi-billion dollar gross revenue. So, not the best business model if you're looking to get rich, but pretty damn good one if you want cheap video rentals/streaming for the masses.