Making Money Minute with Ron Hiebert - Disruptors Get Disrupted

Remember when Blockbuster Video burst onto the scene. They disrupted the movie industry with a simple premise. People loved the convenience of renting movies they could watch from home. At one point the company expanded to 25,000 stores. Then along came Netflix. It began to disrupt their business with even more convenient home streaming and no annoying late fees. Blockbuster wasn’t paying attention to the competition and famously passed on the opportunity to buy Netflix for 50 million. Today there is only one Blockbuster store left in Bend Oregon. With technology - the disruptor - eventually becomes the disrupted.

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