Sure, but Netflix was not venture capital as far as I know. It started with mailing subscriptions then grew into greatness and now, it’s shittier than ever.
Even in the early days (97-01), they’ve used venture funding (approx $80mil) for the DVD mailing business.
And the reason they didn’t really go the VC funding way later is because they had an IPO in 2002, which meant instead of relying on VC funds, they took on massive amounts of debt to allow the takeoff of streaming.
Sure, but Netflix was not venture capital as far as I know. It started with mailing subscriptions then grew into greatness and now, it’s shittier than ever.
You know wrong.
Even in the early days (97-01), they’ve used venture funding (approx $80mil) for the DVD mailing business.
And the reason they didn’t really go the VC funding way later is because they had an IPO in 2002, which meant instead of relying on VC funds, they took on massive amounts of debt to allow the takeoff of streaming.