Tag Archives: idea

The Idea for Netflix Came From $40 in Late Fees on an ‘Apollo 13’ Rental

photo: Exstreamist

There is no better reason to start a business than trying to solve a problem or frustration in your own life, and Hastings did just that. He had just recently sold his first company for $750 million, so it wasn’t even about the money, but rather the inconvenience of having to deal with timing the returns of movies he was renting. What if he didn’t have time to watch it before it was due back? What if something came up and he just couldn’t get around to running the video back to the store? There had to be a better way. – Rob Toledo, Exstreamist