Epic Fail: How Blockbuster Could Have Owned Netflix | Variety

Barry McCarthy, Netflix’s former chief financial officer, said in an interview with the Unofficial Stanford blog in 2008, “I remembered getting on a plane, I think sometime in 2000, with Reed [Hastings] and [Netflix co-founder] Marc Randolph and flying down to Dallas, Texas and meeting with John Antioco. Reed had the chutzpah to propose to them that we run their brand online and that they run [our] brand in the stores and they just about laughed us out of their office. At least initially, they thought we were a very small niche business. Gradually over time, as we grew our market, his thinking evolved but initially they ignored us and that was much to our advantage.”

Source: Epic Fail: How Blockbuster Could Have Owned Netflix | Variety

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Part I: Validate Your Business Model Start With a Business Model, Not a Business Plan – The Accelerators – WSJ

A business model describes how your company creates, delivers and captures value. A business model is designed to change rapidly to reflect what you find outside the building in talking to customers. It’s dynamic and it reflects the iterative reality that startups face. Business models allow agile and opportunistic founders to keep score of the pivots in their search for a repeatable business model.

Source: Part I: Validate Your Business Model Start With a Business Model, Not a Business Plan – The Accelerators – WSJ

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Part I: Validate Your Business Model Start With a Business Model, Not a Business Plan – The Accelerators – WSJ

A business model describes how your company creates, delivers and captures value. A business model is designed to change rapidly to reflect what you find outside the building in talking to customers. It’s dynamic and it reflects the iterative reality that startups face. Business models allow agile and opportunistic founders to keep score of the pivots in their search for a repeatable business model.

Source: Part I: Validate Your Business Model Start With a Business Model, Not a Business Plan – The Accelerators – WSJ

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