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30 Entrepreneurs Reveal Their Favorite Business or Entrepreneur Turnaround Story

Hearpreneur

Netflix was founded in 1997 by Reed Hastings and Marc Randolph to combat late fees for video rentals. The company didn’t turn a profit until 2003, but by 2005 business was booming – Netflix was shipping out a million DVDs daily. GM was first a holding company when it was established in 1908 by William C. 4- Netflix.