Around eight years ago, there was an internal slideshow Reed Hastings put together on the future of Netflix as on-demand streaming that leaked, amazingly prescient. Netflix is a firm that has had the right vision & execution.

Entrepreneurs are often discouraged seeing tons of competitors...but if none of them has a lot of traction and you have a vision of the future and can implement that product, go for it.

One could have been bothered by the proliferation of streaming companies 10 years ago (as Dropbox could've been by all the storage companies).

"There were so many other streaming experiments around that time, like MovieBeam, Movielink, you know, Unbox or something, I can’t even…there was dozens of ’em. There were so many other streaming experiments around that time, like MovieBeam, Movielink, you know, Unbox or something, I can’t even…there was dozens of ’em. And iTunes Video Rental starts to come out around the same time."