How Netflix Multiplied Its Value By 500x #scottsthoughts

Success Story with Scott D. Clary

Success Story Media

Business, Careers, Self-improvement, Education, Entrepreneurship

4.6 • 1.9K Ratings

🗓️ 10 October 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

➡️ For More Episodes, Visit: https://successstorypodcast.com ➡️ Like The Show? Leave A Rating: https://ratethispodcast.com/successstory This story dates back to 1997, beginning with the failure of the highly popular Blockbuster. For those too young to remember, Blockbuster was a movie rental service with physical stores of DVDs all across the United States. The general American tradition back then was you rent a movie on a Friday and then give it back on a Monday. Back in 1997, Blockbuster was a billion-dollar company with more than 6000 stores in the US alone, having revenue of 391 billion dollars. But the problem was that 16% of that revenue came from late fees, which was annoying millions of its customers. One of the customers got fined an excessive amount of $40 in late fees. It annoyed him so much that he went on to start a company of his own. This man was none other than Reed Hastings, and the company he founded is what we know as Netflix today. Tweet Me: https://twitter.com/scottdclary My Newsletter: https://newsletter.roioverload.com/subscribe Learn more about your ad choices. Visit podcastchoices.com/adchoices Our Sponsors: * Check out Factor: http://factor75.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	So I haven't worked with a lot of wine or liquor or alcohol sponsors, but I'm very happy
0:05.1	that Justin Wines reached out. They wanted to work with me and sponsor the podcast. Whether
0:09.1	or not you're buying wine for yourself or you're looking for corporate gifting or gifts for
0:13.1	friends and family, they got you covered. They recently sent me some of their wines, including
0:16.9	the cabs of their flagship wine. I saw sleeves and their award-winning justification. I cannot wait
0:22.3	to share these with friends and family and also drink some myself. Justin Wines has been crafting
0:27.3	exceptional wines since 1981, with world-class Bordeaux style wines. Justin basically put
0:33.6	Castle Robeless region on the wine-making map. They thoughtfully produce wines with boutique
0:39.2	wine-making practices, and it is the perfect gift for loved ones. Gifting with Justin is effortless.
0:44.9	You pick your wine, you select the box, you add a personal message, and you leave the rest to
0:50.2	them. You could be gifting yourself if you want to. I'm not holding any judgment. Shop all of
0:55.1	their exceptional wines at JustinWine.com and be sure to use promo code Success to receive 15%
1:01.9	off your order today. One of the most important staples in me being able to maintain energy levels,
1:08.8	to look good, to feel good, to show up with a clear head, clear thoughts, be able to jump on
1:14.8	podcasts, jump on calls, pitch to investors, whatever it is, is my diet. My diet is always
1:20.9	dialed in, and it always has been, and it's always been a huge part of my life.
1:24.8	This is why I've partnered up with Factor. They are one of my favorite meal delivery services.
1:31.2	They give you chef-crafted meals without any prep or cleanup. These are chef-prepared,
1:37.4	diet-ish and approved, ready to eat meals delivered straight to your door. You save time,
1:42.9	you eat well, and you stay on track. And they have tons of different kinds of diets that they
1:48.6	cater to. Protein plus, calories smart, keto. That's usually what I do during the week. Vegan
1:53.9	and vegetarian chefs choice. Whatever it is, they have dialed in incredible meals for your specific
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