Netflix Co-founder: Stepping Down as CEO was Key

Imagine a company called Netflix, started by two friends.

One of them, Marc, was the first boss.

But the other friend, Reed, thought they needed a different kind of leader to grow bigger.

Marc stepped aside, even though it was tough.

He realized that the change was important for the company to succeed.

This switch helped Netflix become the huge streaming service we know today.

Marc and Reed first thought of the DVD rental idea when testing DVDs in US markets.

This was after they were inspired by the Amazon e-commerce model, which made them want to test delivering DVDs.