Netflix vs. Blockbuster
Have you ever been so angry with a company that you proceed to destroy it and the entire industry as well? Well, Reed Hastings did just that when he got the idea for Netflix after receiving a $40 late fee of the movie Apollo 13! After pulling some investors together, Hastings launched Netflix in 1998 and quickly revolutionized the rental industry. If that wasn’t crazy enough, two years later Netflix was offered to Blockbuster for $50 million and declined. If you think you’ve made some poor life decisions, imagine being the guy that declined to purchase the company that would eventually put you out of business and be currently valued at $32.9 billion.