![]() Drawing on Randolph’s previous experience at a mail order computer company, the duo set out to found Netflix with $2.5 million in cash from Randolph’s mother, 30 employees and 925 DVD’s available to rent for similar rates to rival Blockbuster.īy 2000, having ditched the pay-per-rental model in favor of monthly subscriptions and no late fees, Netflix offered to be acquired by Blockbuster for $50, but the brick-and-mortar chain wasn’t interested.
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