Netflix was founded in 1997 as a DVD rental service. At the time, Blockbuster Video was a multi-billion dollar video rental behemoth, growing to over 9000 stores as recently as 2004. In 2000, Netflix offered to sell to Blockbuster for $50 million — Blockbuster declined. By 2011, Blockbuster was bankrupt and down to 2400 stores while Netflix had gone public and their streaming business was exploding. Today, Netflix has a market cap of $223 billion, is a member of the S&P 100, and will soon start showing The Last Blockbuster, a documentary about the very last Blockbuster video rental store in the world. Absolutely savage victory lap.
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