For the quarter that ended Dec. 31, Netflix posted net income of $40.7 million on revenue of $875.6 million.
The results compared to net income of $47 million and revenue of $595.9 million for the fourth quarter of 2010.
Wall Street analysts had expected quarterly profit would decline 37 percent on revenue of about $857 million.
For the full year, Netflix profit was $231.6 million on revenue of $3.2 billion, an increase from the $160.9 million profit and $2.16 billion in revenue for 2010.
Stimulus Plan Update – Deals in the Works
Stimulus plan comments
Mar 3rd 2009 1:09PM
It takes a lot of time, but its been worth the effort. If anything, the
response has reinforced two long held perspectives I have had about
entrepreneurs and those who would like to be entrepreneurs. The first is that
95pct of people are dreamers who really don’t want to do the work. They
would like to think they have the “next big thing”, but don’t realize that the
“next big thing” that impacts their potential success is preparation and effort.
Note to those who want me to consider their businesses in the future…READ THE
ORIGINAL POST. It wont take a lot of time, but it at least gives me the
impression that you have a clue.
The 2nd reinforced belief is that the American Dream is still alive and well,
even in these tough economic times. There are still many, many of you that
know that success can be defined in many ways, but that it’s earned through
preparation, hard work, love of what you are doing and a thirst to be the
absolute best at what you do. It’s not only refreshing, its exciting to
learn more about some of the companies that have been presented.
The following are several of the companies that we are pursuing further and hope
to close deals with. None are closed with checks written yet, but the paperwork
is in process.
1)
Naked Pizza – Simply the Worlds Healthiest
Pizza. Based in New Orleans, it tastes good. They work their asses off. Try
the pizza for yourself
2)
Wickler
– Takes the ability to track patrons in venues, from bars to restaurants
to concert venues to the next level. Their product is selling well and the
funding will take them to the next level. A strong product with hopefully a
unique future.
3) P5 Foods – They make an original food, Stuffed Chicken Wings. Its a unique
product that tastes great and could provide an attractive upsell to specialty
restaurants and for groceries
4)
Tycoon Online – Just as it
appears, an online game that makes money from subscriptions. They have
subscribers around the world and will use the investment to increase their
marketing efforts
There are quite a few others we are still evaluating and discussing with the
entrepreneurs involved. Keep the opportunities coming. As you can see, if you
are up and running, we can move quickly ! If you have a businessplan, it might
take longer, but I will take a look at it.
And one more thing, just to save all of us time. Some businesses I have decided
not to pursue:
1. Real Estate. I realize that there are properties that can be bought
cheap out there. So do many companies who specialize in doing just this.
2. Stock/Options/Futures Trading. Enough said.
3. Anything Illegal. Even if you think it shouldn’t be illegal
4. Franchises. I don’t see the value in being just one more franchisee
5. Restaurants. While there have been some very interesting concepts, it
is too tough a business and there are better places to put capital right now.
Anything else ? Im happy to review
Feb 17th 2009 12:11PM
The response has obviously been overwhelming. Its taken a lot of time, but I have gone through every post. More than 1,400 of them.
As is usually the case with any blog post, the vast majority of people don’t actually read the post before they write a response. So the vast majority were dismissed because they did not quality under the required terms. Of those that did meet the requirements, I gave priority to those that were already operating. My feeling is that if a business is profitable , or close to it, they are more likely to know how to use the capital to their advantage than a startup would be. There is more certainty in how they would use the funding and the results that could be gained from the investment. After all, the idea is to try to help businesses grow and add employees.
As of this morning, I had requested more information from 12 businesses. Of those, we have setup visits to see their operations for 2 of them. We are in the process of further evaluating another 5, and after receiving information from the other 5, we have decided not to pursue an investment.
If all goes well, the 2 will be funded in less than 2 weeks, start to finish. The other 5 will hopefully end up in visits and funding as well. Of the 7, the amounts requested range from about $20k to more than $100k. As we finalize the deals , either to completion or to a determination that we walk away, I will post more information.
I also continue to welcome posts with your business ideas. This process has worked well. I have to admit that there were ideas that were new to me, but posters educated me on competitors and issues for those businesses. Others weren’t as interesting, but posters added more information that made the idea make more sense. I want to keep this going as long as we can. If you keep on posting, I will continue to review them. For as many as I can, where I think I can ask a question or comment that adds value, I will do so.
As a reminder for those of you who actually do read the posts, here are the rules once again:
1. It can be an existing
business or a start up.
2. It can not be a business that generates any
revenue from advertising. Why ? Because I want
this to be a business where you sell something
and get paid for it. Thats the only way to get
and stay profitable in such a short period of
time.
3. It MUST BE CASH FLOW BREAK EVEN within 60
days
4. It must be profitable within 90 days.
5. Funding will be on a monthly basis. If you
dont make your numbers, the funding stops
6. You must demonstrate as part of your plan
that you sell your product or service for more
than what it costs you to produce, fully
encumbered
7. Everyone must work. The organization is
completely flat. There are no employees
reporting to managers. There is the
founder/owners and everyone else
8. You must post your business plan here, or
you can post it on slideshare.com , scribd.com
or google docs, all completely public for anyone
to see and/or download
9. I make no promises that if your business is
profitable, that I will invest more money. Once
you get the initial funding you are on your own
10. I will make no promises that I will be
available to offer help. If I want to , I will.
If not, I wont.
11. If you do get money, it goes into a bank
that I specify, and I have the ability to watch
the funds flow and the opportunity to require
that I cosign any outflows.
12. In your business plan , make sure to specify
how much equity I will receive or how I will get
a return on my money.
13. No mult-level marketing programs
And one new rule.
14. If you contact me separately, whether via email or the contact form on the blog, your request WILL NOT BE CONSIDERED. It must be posted on this blog for all to see and comment on.
Good Luck !