Transcript
Netflix and Blockbuster DVD Story
Patrick
So Mario, You and I discussed a place to begin this conversation a couple of days ago, and I think it's hard to pick something better than an amazing story that you were a part of, that's been written about publicly in the book Netflixed. And I think you've never told the full story from your perspective in a setting like this, so I just think it's an amazing wedge into a conversation about doing extremely deep dives on companies. And I'll just leave it there. I'll let you begin with the Netflix DC story. You tell us how this started and walk us through it.
Mario
I haven't fully told it. I haven't told it at all.
Patrick
Good, I love being first.
Mario
For a while, I kind of considered it proprietary. This is a good time for a great reveal. We had an investment in Netflix. We've been fortunate enough to have a number of really good companies in the portfolio over the years, and Netflix was one of them. We got in there at a time when the company wasn't particularly in favor on Wall Street, so we got a fair amount of access. I tweeted at one point about a visit to a distribution center on Long Island. It was one of the most interesting DC visits I've ever had in my career.