Netflix co-founder: Crush the status quo

Netflix co-founder Marc Randolph looks back fondly on the day in 2000 when Blockbuster laughed in his face when trying to sell the business. At the time, Blockbuster, a $6 billion company, couldn’t imagine why a startup with $5 million in revenue thought it could be sold for $50 million — an amount equal to its debt.

Randolph remembers sitting on the plane on the way home from the meeting with his head down thinking, “Now we’re going to have to kick their ass…and we did.”