Friday Thoughts: What makes a great business? In the early 2000s, Blockbuster was on top of the world, with more than 9,000 stores across the U.S. and a video tape in nearly every home’s VHS or BETA player (remember those?!). A new, obscure startup called “Netflix” even approached Blockbuster in 2000, asking if the video store king would like to buy them out for a mere $50 million. But Blockbuster’s CEO declined, calling Netflix “a very small fringe business.” The rest is history, with Blockbuster filing bankruptcy by 2010 and Netflix going on to have 213 million subscribers worldwide this […]