We've listened to Netflix
founder and CEO Reed Hastings talk business
about his company, but how's about a little background? After announcing a momentous Q4
while practically every other outfit on the planet hung their head in shame, the understandably elated exec sat down with Fortune
to explain how Netflix came to be. As the story goes, Reed lamented the $40 fee he was nailed with upon returning a VHS copy of Apollo 13
in 1997. Soon after, he began to research the idea of starting a rental-by-mail outfit. Interestingly enough, the subscription based model that nearly 10 million people enjoy today was something that came after the first concept, but obviously he hasn't tried to mess with the magical elixir very much sense. Have a look at the read link for the full writeup.