By Keith Griffith For Dailymail.com
Published: 23:59 BST, 17 September 2019 | Updated: 04:25 BST, 18 September 2019
A Netflix co-founder has described how the CEO of Blockbuster tried not to laugh when he offered to sell the fledgling startup for $50 million.
Marc Randolph, the co-founder of Netflix and the company's first CEO, described the September 2000 meeting with Blockbuster CEO John Antioco in his new book, an excerpt of which was published in Vanity Fair on Tuesday.
Randolph described how he and Netflix executives Reed Hastings and Barry McCarthy rushed to the meeting in Dallas from their Santa Barbara headquarters in a private jet owned by Vanna White, who chartered it when she wasn't using it.
Hastings pitched Antioco on the DVD-by-mail startup's promise - though at the time, Netflix was on track to lose $50 million by the end of the year, three years after its 1997 founding.