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Vicarious Docs
United States
เข้าร่วมเมื่อ 18 มี.ค. 2020
Live Vicariously through the most successful entrepreneurs, creators, and visionaries of our time.
MinuteVideos wanted to create a channel dedicated to inspiring true stories of success because we believe there's a lesson to be learned and a future to be had.
MinuteVideos wanted to create a channel dedicated to inspiring true stories of success because we believe there's a lesson to be learned and a future to be had.
The Rise of Netflix | Reed Hastings Creating Netflix
It was 1997 and I was at my local Blockbuster returning my VHS movie rental, Apollo 13, when the guy told me that I had a $40 dollar late fee. I didn't want to pay it but I had no choice because I wouldn't be able to rent any other movies until I did and Blockbuster was the only rental store. I asked him to please let this one by since this was my first time but he only said "Sorry, store policy". So I paid for it and embarrassingly rushed out.
The entire ride home, I was annoyed and couldn't get that $40 late fee out of my head. I knew there had to be some other option, but there wasn't! So instead of putting up with their ridiculous fees, I created my own video rental store beating Blockbuster and creating Netflix, my billion-dollar industry. But that's not really how Netflix was started; at least, not how the idea came to us.
I was working at my software company, Pure Atria, with a close friend, Marc Randolph, where we would carpool to Silicon Valley together every day when one day we began bouncing ideas off each other. We were looking for our next career move and hungry for something game-changing that would revolutionize an industry and fit more with the 21st century. We knew about Amazon's rising popularity and we wanted to make an Amazon-like business that would be internet-based and toyed with dog food, shampoo, and then, renting movies. It was a crazy one but so were we and so was America's obsession for movies.
We sat on the idea and the more we spoke, the more we began getting discouraged almost abandoning it. But in 1997, my company went through a merger with a larger corporation and I sold Pure Atria for $750 million giving me the opportunity to finally try our idea. We began building our site and planning our business model to ship movies to people's homes until we realized we didn't have a cost-effective way to deliver them because, at the time, the only movies you could rent were on VHS which were big and heavy and people went to Blockbuster to pick them up. But then a friend told me about a new of watching movies; DVDs.
We weren't sure how strong or if a DVD would make it in one piece to the customer so we tested the idea ourselves by inserting a DVD movie into an envelope and mailing it to our homes. When we ripped opened the envelope and saw that it made it in one piece and still worked, we knew it had to be done. I invested $2.5 million of my own money into the start-up imagining it to be the next Amazon of movie rentals. In 1998, with everything in place, we launched the world's first online DVD rental store with just under 1,000 titles.
We were going with a single rental service, meaning, pay per movie at $4 each plus a $2 postage fee, unlimited due dates and of course, no late fees. It all seemed flawless but we had no idea if people would even use the online story because all households were still on slow dial-up internet and the majority didn't own DVD players. But, with a few early-adopters, and within a few years of advancing internet connection, we managed to scrape by.
In 1998, Jeff Bezos tried to buy us out and even though we were tempted, we knew if he wanted our company, then we were on to something big. So, we turned him down. A year later, we regretted that decision when our business began falling because the dot-com bubble burst scaring investors from all things tech. We had no choice but to approach our rival, Blockbuster, to propose an offer to buy us out for $50 million. The CEO stared at us dead in the eyes and then laughed straight into our faces saying 'it will never work'. Both of us would remembered that meeting for the rest of our lives.
Building debt and unsure if we'd survive, I went back to our office prepared to tell our team of 30 that there might be no Netflix. When I saw their faces and knew how much they believed in this vision and the trust they put in me, I made the decision that I wasn't going to give up and I wasn't going to stop trying. I made the decision to get rid of our single rental service and moved to a subscription model for one low monthly price. That idea not only saved us but gave us the popularity we needed.
Throughout the early 2000's, we grew in ways we ever expected. Our user accounts hit 6.3 million subscribers at the end of 2006 with rivals like Amazon starting their own video services leaving us no time for rest. Instead, we pushed harder and introduced a streaming service where anyone could watch any movie as long as they had an internet connection. It was limited to under 1,000 movie selections and only worked with Internet Explorer. This was our next frontier and looking ahead, we knew DVDs would be a thing of the past.
Live vicariously through the successful journies of entrepreneurs, creators, and visionaries of our time.
#Rise
The entire ride home, I was annoyed and couldn't get that $40 late fee out of my head. I knew there had to be some other option, but there wasn't! So instead of putting up with their ridiculous fees, I created my own video rental store beating Blockbuster and creating Netflix, my billion-dollar industry. But that's not really how Netflix was started; at least, not how the idea came to us.
I was working at my software company, Pure Atria, with a close friend, Marc Randolph, where we would carpool to Silicon Valley together every day when one day we began bouncing ideas off each other. We were looking for our next career move and hungry for something game-changing that would revolutionize an industry and fit more with the 21st century. We knew about Amazon's rising popularity and we wanted to make an Amazon-like business that would be internet-based and toyed with dog food, shampoo, and then, renting movies. It was a crazy one but so were we and so was America's obsession for movies.
We sat on the idea and the more we spoke, the more we began getting discouraged almost abandoning it. But in 1997, my company went through a merger with a larger corporation and I sold Pure Atria for $750 million giving me the opportunity to finally try our idea. We began building our site and planning our business model to ship movies to people's homes until we realized we didn't have a cost-effective way to deliver them because, at the time, the only movies you could rent were on VHS which were big and heavy and people went to Blockbuster to pick them up. But then a friend told me about a new of watching movies; DVDs.
We weren't sure how strong or if a DVD would make it in one piece to the customer so we tested the idea ourselves by inserting a DVD movie into an envelope and mailing it to our homes. When we ripped opened the envelope and saw that it made it in one piece and still worked, we knew it had to be done. I invested $2.5 million of my own money into the start-up imagining it to be the next Amazon of movie rentals. In 1998, with everything in place, we launched the world's first online DVD rental store with just under 1,000 titles.
We were going with a single rental service, meaning, pay per movie at $4 each plus a $2 postage fee, unlimited due dates and of course, no late fees. It all seemed flawless but we had no idea if people would even use the online story because all households were still on slow dial-up internet and the majority didn't own DVD players. But, with a few early-adopters, and within a few years of advancing internet connection, we managed to scrape by.
In 1998, Jeff Bezos tried to buy us out and even though we were tempted, we knew if he wanted our company, then we were on to something big. So, we turned him down. A year later, we regretted that decision when our business began falling because the dot-com bubble burst scaring investors from all things tech. We had no choice but to approach our rival, Blockbuster, to propose an offer to buy us out for $50 million. The CEO stared at us dead in the eyes and then laughed straight into our faces saying 'it will never work'. Both of us would remembered that meeting for the rest of our lives.
Building debt and unsure if we'd survive, I went back to our office prepared to tell our team of 30 that there might be no Netflix. When I saw their faces and knew how much they believed in this vision and the trust they put in me, I made the decision that I wasn't going to give up and I wasn't going to stop trying. I made the decision to get rid of our single rental service and moved to a subscription model for one low monthly price. That idea not only saved us but gave us the popularity we needed.
Throughout the early 2000's, we grew in ways we ever expected. Our user accounts hit 6.3 million subscribers at the end of 2006 with rivals like Amazon starting their own video services leaving us no time for rest. Instead, we pushed harder and introduced a streaming service where anyone could watch any movie as long as they had an internet connection. It was limited to under 1,000 movie selections and only worked with Internet Explorer. This was our next frontier and looking ahead, we knew DVDs would be a thing of the past.
Live vicariously through the successful journies of entrepreneurs, creators, and visionaries of our time.
#Rise
มุมมอง: 682
วีดีโอ
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He stumbled upon a clear goo that oil drillers kept rubbing on their hands and asked for a sample. Instead, they gave buckets for free where he went home and created one of the most widely used products in the world. 140 years later, Vaseline is still available on store shelves and being used in more ways than one. I was born on January 9, 1837, to American parents in London, England where shor...
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I work in a warehouse full of paper which makes the indoor air exceptionally dry. I tried numerous hand creams ranging from cheap to expensive (boasting guaranteed relief and non-greasy formula) and nothing seemed to be able to prevent my fingers from getting chapped and cracked by the end of the day. Then I pulled the old jar of Vaseline out of my medicine cupboard, so old that it's still labelled as "petroleum jelly" rather than "healing jelly" and rubbed that on my hands before bed one night. The difference in the morning was immediately noticeable. Ever since I've rubbed a thin layer into my hands before heading off to work. Only a couple of weeks later my once chapped hands are now smooth and healthy looking. The greasiness is actually a feature. It forms a moisture barrier that doesn't easily wash away or rub off. And as a petroleum byproduct it's as cheap as can be. Sometimes the old things are the best.
th-cam.com/users/shorts5L4Ok530Wmg?feature=shared
Incredible
Great video
Best video ❤
Bullshit!!!!🤣🤣🤣 Native Americans showed petroleum jelly to settlers.
Native Americans weren’t stupid and if they could sell things to white people they would have. Settlers weren’t stupid either and if they knew about vaseline from native Americans they would have sold it themselves. If this substance was in common use this man wouldn’t have been able to get a patent on it.
No, American Indians stumbled across some stinky black substance that had seeped to the surface on its own. That's even less impressive than the labourers with unexpectedly soft hands in the story. It took ingenuity of a white man to purify the substance so that it was pleasant to use, and to successfully market it to the public.
Very very touchy story the best people are thoughs people who no things who are poor or who have been thought a lot of hard times
This sounds so Fake and scripted ‼️
Great Job, Dude.
Damn I work for them and they should put this as a training video
Whoever invented I just want to say thank you we can use it in so many things such as %##* u got it boys
I work at a refinery and got a "little burn", and for some reason I decided to use my girlfriend's vaseline she uses to dye her hair, and it worked wonders, I knew it was called petroleum jelly at some point, so I wondered why the name, that's how I stumbled on this video and a trove of coincidences.
Thankyou to the man who created Vaseline its very handy and useful, i just got the biggest container i could get to heal my hard hands & cracked feet 😂😂😂
5:09, Bernard Arnault just helped himself to another big turf takeover, The "cartel" Lord of the fashion world, dishes out offers they can't refuse
Amazing work
Then Vaseline became an indispensable product ❤
Hey.. my name is also safura.. my father also choose this name on the name of wife of moses.. ..😊😊😊
Then ask The owner Bernard Arnault for your share of the inheritance
why "vaseline" tho? what does that mean?
The name "vaseline" is said by the manufacturer to be derived from German Wasser "water" + Greek έλαιον (elaion) "oil".
@@RosemaryZ oh.... that checks out I guess xD
Just crashed on my EUC.Vaseline is amazing save me From so many scars and use it on my lips
Brought tears to my eyes it was so moving to me . Was curious how it was made glad I checked out this video on the original creator.
Beautiful
I love this. How do you make your video animations?
To a 17 year old mother than was only 17 at the time.
"Coolest story bro" award, 2023.
Thanks for making this educational video 😁
I never shop there. Too expensive for something that I can find cheaper in other stores. But great graphics and an interesting story.
Can't get enough of them 99 cents stores I guess?
@@worldview730 😂
“Snake oil” I guess there is where that came from too
me watching this as i putting vaseline all over my body
Great video! It's an inspirational gem, was lies behind an everyday product. Thank you!
Hii im zipporah. Can i use part of your video to share it on my ig story? It would be awesome to let them know your video to my circle of influence. Thanks 🤗
Request: This Is How KFC Was Made. | Colonel Saunders Story
Why did you not place Dassler’s REAL NAME in the title? 🤔 … and you conveniently glossed over what he did in the war. 🤔
He was drafted to the regular army (no choice) and he was better known as Adi, hence adidas
“It was worthless anyway” but they don’t realized that it help healed them 😂 how dumb was people back then
great video wow
An absolutely beautiful video. The graphics, narration, and presentation come together as art and craftsmanship. Well done!
This is so inspiring!
An overlooked huge unexpected benefit from the discovery of fossil fuels!
Jan 9. That’s MY birthday
It was actually native Americans who discovered it first in the 1400s
I love your stories and animation .... how is it that your not having more views and subs!!! take mine!
I hope you make more of these! They are great sir
When innovation is about doing good and helping people instead of profits is when we make the best things
couldn't listen to more than 30 seconds of this dumb yankee accent
less than 1000 upvotes? what a shame, amazing lookin video and super informative
I came here looking on how this thing is processed... and I love this story! The American dream, the preseverance, and the great good that came along with it. thank you for making this video, its very heart warming and inspirational.
Amazing content here. Well explained 👏
This video deserves more likes and more views. It's incredibly informative and tells the story of how Petroleum Jelly was actually discovered. Thank you so much for this video!
That’s great job 👏🏻
That's legendary for real.
Wonderful story and so inspiring. Despite the negative press it gets in some circles, I still consider it an essential product in my house. I keep a small jar on every floor. One thing though, it doesn't moisturize. It seals in moisture and forms a barrier on the skin but it doesn't moisturize (as was said at one point in the video). Again, great story!
For those reading your wonderful comment, there is one small, but important correction to be made regarding what you have written. Nowhere in the video is Vaseline said to be a moisturizer. Many people say it is, but you are correct in pointing out it is an occlusive, and this best used to seal in moisture. For that reason, it’s best to put the moisturizing product on the skin, and then occlude the moisturizer with a coating of petrolatum.