Remove 2003 Remove Bankruptcy Remove Revenue Remove Social Network
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30 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Hearpreneur

The company didn’t turn a profit until 2003, but by 2005 business was booming – Netflix was shipping out a million DVDs daily. Over the years, despite massive losses, Netflix was able to bounce back and improve its revenue by 47%. Netflix was founded in 1997 by Reed Hastings and Marc Randolph to combat late fees for video rentals.

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Episode 50: Video Content and Profitability with Seth David

Mike Michalowicz

Seth makes extensive use of social networking tools, and web videos to maximize the impact of his training. Prior to starting his own firm in 2003, Seth worked at Biggs & Co., An accounting firm based in Santa Monica, CA, specializing in bankruptcy, from 2001 to 2003. Nerd Enterprises, Inc. CPA’s.

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