Blockbuster ‘laughed us out of the room,’ recalls Netflix cofounder on trying to sell company now worth over $150 billion for $50 million

TL;DR

according to a 2019 book Randolph wrote about Netflix’s beginnings. While it’s notable that Blockbuster turned down the offer to buy Netflix for a mere $50 million, it’s also worth pointing out that Randolph and Hastings themselves also seemed unaware of how valuable their startup would become. Little did they know then, as suggested by their low offer to Blockbuster, that their venture would become worth more than $150 billion

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