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In less than 2 weeks, I will be celebrating my 15th anniversary of holding shares of $NFLX.
The experience has been both educational and financially rewarding as an investor.
Here are 15 highlights and lessons from my 15-year journey.
#asseeninbt #nflx #netflix
The experience has been both educational and financially rewarding as an investor.
Here are 15 highlights and lessons from my 15-year journey.
#asseeninbt #nflx #netflix
1/15 Start small, dream big
$NFLX started with DVD by mail in 1997.
But Hastings had his eye on the bigger prize: delivering video over the Internet. He stressed that the company was named Netflix from the start and not DVD-by-mail.
$NFLX started with DVD by mail in 1997.
But Hastings had his eye on the bigger prize: delivering video over the Internet. He stressed that the company was named Netflix from the start and not DVD-by-mail.
2/15 Finding value where no one is looking
According to the HBR, only 30% of the $NFLX's DVD rentals were new releases compared to 75% at Blockbuster outlets.
By targeting under-valued titles, Netflix is able to carve out a profitable DVD rental business.
According to the HBR, only 30% of the $NFLX's DVD rentals were new releases compared to 75% at Blockbuster outlets.
By targeting under-valued titles, Netflix is able to carve out a profitable DVD rental business.
