Founded in 1997, Netflix started as a DVD-by-mail subscription service before introducing streaming video in 2007. This shift significantly increased its popularity and allowed the company to produce original content starting in 2013. Netflix went public in 2002 and has since become accessible worldwide, amassing over 200 million users by 2021. Under the leadership of Reed Hastings and Ted Sarandos, Netflix continues to dominate the streaming industry, with a focus on original movies and TV shows. The company has raised a total of $121.9 billion in funding through thirteen funding rounds, primarily through post-IPO debt financing.