How did Netflix start?


Netflix started in California by two men by the names of Reed Hastings and Marc Randolph. Hastings had to pay a huge late fee for a movie he rented and it was then that it came to him the idea of the mail order rental movies with no late fees. His investment for Netflix was a mere $2.5 million dollars. In 2002, the sales that Netflix made was $152 million dollars, a wonderful investment that made up for the $40 late fee of Hastings movie. You can find more information here:
Q&A Related to "How did Netflix start?"
Reed Hastings started Netflix in 1997 after receiving a $40 late fee from a video rental store. He quickly began coming up with different ideas about how to create a mail-based movie
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3 Additional Answers Answer for: how did netflix start
How Did Netflix Start?
Netflix is a popular DVD rental company that runs through the mail. No late fees make this system very popular with those who like to watch movies on their own schedule. Netflix also allows its users to stream movies on their computers and Netflix-ready... More »
Difficulty: Easy
Netflix started back in the mid-90s when the demand for movies was quite high and video stores are starting to be a thing of the past. Now Netflix is extremely successful and is actually a Fortune 500 company.
Netflex started in 1997 by Reed Hasting when he receiving a $40 late fee from a movie rental store. Right away he started trying to come up with ideas for a mail-based movie rental business.
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