• How Much Does Netflix Spend On Postage Each Year?

    Monday, October 4th, 2010

    MG Siegler is a general partner at CrunchFund and a columnist for TechCrunch, where he has been writing since 2009. His focus is on Apple. Prior to TechCrunch, MG covered various technology beats for VentureBeat. Originally from Ohio, MG attended the University of Michigan in Ann Arbor, MI. He’s previously lived in Los Angeles where he worked in Hollywood and in... → Learn More

    If you ask that question on Yahoo Answers, you’ll probably get something about how a husband’s Xbox was once used for Netflix, but now it doesn’t work. If you ask that question on WolframAlpha, you’ll get get some abstract data about money spent on various things each year. If you ask that question on Bing, you’ll get a bunch of old content. Both Ask.com and Google give you the answer if you dig into their links a bit — or if you click on their first links: to Quora.

    What happens when you ask Quora that same question?

    You get this: “about $600m”

    That’s not just some random person citing some old numbers from an old story. That’s directly from Netflix CEO Reed Hastings.

    The data point itself is somewhat interesting, but it has been out there before. What’s really interesting is that once again, Quora is proving to be a go-to place to get such information from fairly incredible sources. No one had yet answered the question someone asked about Netflix, so the CEO took it upon himself to answer it. Boom. Next question.

    The fact that Quora is able to foster such an environment continues to fascinate me. If that can scale remains to be seen, but real people answering real questions about their companies is very, very useful. And if the platform can prove itself to be a good source of information relayed anonymously — such as here — it could really explode.

    I wonder how long until one of the search engines tries to buy these guys? Or rather, I wonder how long until one of the search engines is successful in buying these guys — because I’m sure some have already tried. Again, this Netflix query brought up Quora as the first result in both Google and Ask. Google is all about saving time, so why not just buy Quora and bake this into results?

    Of course, whether Quora, which was started by ex-Facebookers, would sell to Google or anyone is another story. But someone is going to offer this company a lot of money. And they’re going to need to.

    Update: I decided to put my query on Quora: “Has one of the major search engines already attempted to buy Quora?

    Naturally, Co-founder Adam D’Angelo answered:

    No. We’ve been pretty clear with everyone we’ve spoken to externally (including our investors) that our goal is to build Quora into an independent company over the long term and we are not considering acquisitions.

    Good for them. Awesome product.

    Company: Quora
    Website: quora.com
    Launch Date: June 2009
    Funding: $61M

    Quora, founded in June 2009, first launched in private beta in January 2010. Quora is a continually improving collection of questions and answers created, edited, and organized by everyone who uses it. The most important thing is to have each question page become the best possible resource for someone who wants to know about the question. One way you can think of it is as a cache for the research that people do looking things up on the web and asking...

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    Company: Netflix
    Website: netflix.com
    Launch Date: 1997
    IPO: NASDAQ:NFLX

    With more than 23.3 million members in the United States and Canada, Netflix, Inc. is the world’s leading Internet subscription service for enjoying movies and TV shows. For $7.99 a month, Netflix members in the U.S. can instantly watch unlimited movies and TV episodes streaming right to their TVs and computers and can receive unlimited DVDs delivered quickly to their homes. In Canada, streaming unlimited movies and TV shows from Netflix is available for $7.99 a month. There are...

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