Marc Randolph, one of the co-founders of Netflix, still receives royalties for his pivotal role in conceptualizing the company’s business model in the early 1990s.
Randolph’s idea was revolutionary at the time, proposing a service that allowed customers to rent DVDs through the mail, avoiding the inconvenience of physical video rental stores.
His vision laid the foundation for Netflix’s subscription-based DVD rental service, which later evolved into the dominant streaming platform it is today.
Via financian_
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