In 2000, at the depth of the dot com crash, Reed Hastings and I tried to sell Netflix to Blockbuster for $50 million dollars. They laughed us out of the room.
Today, the company they could have bought for $50 million has a market cap north of $150 billion. And the company that once had 9,000 stores, is down to a single one.
But what lesson to take from this?
That it’s possible for a handful of people, with no prior experience in the video business, to take down a 6 billion dollar category leading company? Sure.
But I think the more important lesson - a lesson that Blockbuster learned too late - is simply this:
If you are unwilling to disrupt yourself, there will always be someone willing to disrupt your business for you.
@Fly_Norwegian your customer service is terrible I have been on hold on the phone for 45mins waiting to speak to someone about my flight next week from London to Stockholm, why is it so difficult to reach someone !!!!!!
Most of the coins that will be in the top 10 of gaming crypto are still tiny OR haven't even launched a token yet.
You have time/a chance here to become one of those "I invested in bitcoin at $200" assholes (that everyone secretly wants to be).
500x gains. Focus.
Elon Musk made $180M when PayPal was acquired in 2002.
He put $100M in SpaceX, $70M in Tesla, and $10M in Solar City. He borrowed money for rent.
Now, he's worth $190 billion.
The greatest entrepreneurs aren't driven by money; it's a byproduct of success.