Founding of Netflix

"I got the idea for Netflix after my company was acquired," said Hastings.

"I had a big late fee for 'Apollo 13.' It was six weeks late and I owed the video store $40.

I had misplaced the cassette. It was all my fault. I didn’t want to tell my wife about it.

And I said to myself, 'I’m going to compromise the integrity of my marriage over a late fee?'

Later, on my way to the gym, I realized they had a much better business model.

You could pay $30 or $40 a month and work out as little or as much as you wanted."

Read more...https://en.wikipedia.org/wiki/Reed_Hastings#Founding_of_Netflix