The founders of Netflix are Reed Hastings and Marc Randolph. Both of them were pioneers in their own field. Hastings was also the founder of Pure Software and later on went to sell it for an enormous amount of $700 million. Marc had co-founded MircoWarehouse, which was a computer mail order company. They founded Netflix on August 29, 1997, in Scotts Valley, California. Netflix is now headquartered in Los Gatos.