Remove 1997 Remove 2008 Remove Global Remove Revenue
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30 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Hearpreneur

The project was a little unexpected – creating customer cereal boxes called Obama-Os and Cap’n McCains, timely for the 2008 elections. Netflix was founded in 1997 by Reed Hastings and Marc Randolph to combat late fees for video rentals. Thanks to Keith Terrell, Backpacks Global ! #14- Photo Credit: Jen Wan. 14- Polaroid.

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On Bubbles … And Why We’ll Be Just Fine

Both Sides of the Table

I know that most people who are close to them tend to deny their existence, as we saw in the great housing bubble of 2002-2007 and the dot com bubble of 1997-2000. Ah, but today’s Internet companies have real revenue! I said, “It’s much easier now than it was in 2008/09.&# and profits! That’s a fact.

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It’s Morning in Venture Capital

Both Sides of the Table

In an over-funding environment companies are encouraged to eschew revenues in a land grab to acquire eyeballs, clicks, page views or whatever other vanity metrics give VCs the false comfort that they’re sitting on a gold mine. LP contributions to VC firms shrunk from 2000 and by 2005-2008 had stabilized to around $30 billion per year.

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37 Entrepreneurs Explain Why They Started Their Businesses

Hearpreneur

So, in 2008, I began selling new and refurbished servers and storage lines, which quickly became advantageous to those small-and medium-sized businesses who needed to save money during the cash-strapped days of the recession and chose upgrading their systems versus buying new. A friend challenged me to expand my offerings.