30 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story
Hearpreneur
SEPTEMBER 9, 2022
Netflix was founded in 1997 by Reed Hastings and Marc Randolph to combat late fees for video rentals. When he did manage to start his own business, it was short-lived and failed. Before Jobs returned to the business in 1997, its sales, and popularity all steadily declined for 12 years, nearly driving it into bankruptcy.
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