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Some of the world’s most iconic products started as complete disasters. It’s hard to imagine now, considering how deeply they’ve embedded themselves into our daily lives. These stories remind us that failure isn’t always the end of the road. Sometimes it’s just the beginning of something incredible.
Netflix: The DVD Company Nobody Wanted to Buy
In 2000, Netflix co-founder Reed Hastings walked into Blockbuster’s Dallas headquarters with a proposition to sell his struggling DVD-by-mail company for $50 million, and John Antioco, then CEO of Blockbuster, said no. Let’s be real, it seemed like a smart decision at the time. Blockbuster was a colossus with over 9,000 stores, 60,000 employees, and $6 billion in annual revenue, while Netflix was a niche operation with fewer than 300,000 subscribers, burning cash and struggling to compete.
Netflix launched its streaming service in 2007, allowing subscribers to watch content instantly on computers, and this pivot from physical DVDs to digital streaming would prove to be one of business history’s most successful strategic transformations. The irony is almost too much. Blockbuster filed for Chapter 11 bankruptcy in September 2010. Today, Netflix dominates the streaming landscape worldwide with hundreds of millions of subscribers.
LEGO: The Brick That Nearly Crumbled
In 2003,…
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Author : Matthias Binder
Publish date : 2026-01-06 19:46:00
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