Even in the early days (97-01), they’ve used venture funding (approx $80mil) for the DVD mailing business.
And the reason they didn’t really go the VC funding way later is because they had an IPO in 2002, which meant instead of relying on VC funds, they took on massive amounts of debt to allow the takeoff of streaming.
You know wrong.
Even in the early days (97-01), they’ve used venture funding (approx $80mil) for the DVD mailing business.
And the reason they didn’t really go the VC funding way later is because they had an IPO in 2002, which meant instead of relying on VC funds, they took on massive amounts of debt to allow the takeoff of streaming.