Chapter
Transitioning from a Dead End Business to a Sustainable Rental Model
36:09 - 42:05 (05:55)
The founders of a company share their experience of walking away from 98% of their revenue in order to focus on building a sustainable rental model, and how they approached making the transition successful.
Clips
An entrepreneur shares his experience with the DVD rental business, explaining how the industry was overtaken by DVD sales and how his company tried to maintain the rental side of the business.
36:09 - 39:09 (03:00)
Entrepreneurship
Summary
An entrepreneur shares his experience with the DVD rental business, explaining how the industry was overtaken by DVD sales and how his company tried to maintain the rental side of the business.
ChapterTransitioning from a Dead End Business to a Sustainable Rental Model
Episode#496: Marc Randolph on Building Netflix, Battling Blockbuster, Negotiating with Amazon/Bezos, and Scraping the Barnacles Off the Hull
PodcastThe Tim Ferriss Show
The co-founder of a rental company discusses their decision to walk away from 98% of their revenue in order to focus on solving a bigger problem, and the importance of being willing to take risks in order to achieve success.
39:09 - 42:05 (02:55)
risk-taking
Summary
The co-founder of a rental company discusses their decision to walk away from 98% of their revenue in order to focus on solving a bigger problem, and the importance of being willing to take risks in order to achieve success.