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Netflix Profits

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.




'Shark Tank' Judges Hunt for Entrepreneurs: Q&A with Robert Herjavec

In The Shark Tank


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.
Naked Pizza –  Simply the Worlds Healthiest Pizza. Based in New Orleans, it tastes good. They work their asses off. Try the pizza for yourself
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
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


The Stimulus Plan Update

Stimulus Comments

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 , 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 !