Timing

Netflix opened for business on April 14, 1998, with 30 employees and 925 titles for rent, which comprised nearly the entire catalogue of DVDs in print. In for fiscal 1999 the company reported losses of $29.8 million on revenues of only $5 million. Below is Netflix’s subscriber growth. After 5 years they had 860k subscribers having invested almost $200M. The internet was significantly smaller then but it was still significantly larger than any prediction of Nigeria has today. Where the highest estimate I have heard is 55M, most of which are narrowband mobile internet and definitely not broadband.
Broadband Usage in the US 2003
Nielsen//NetRatings, the global standard for Internet audience measurement and analysis, reports that in 2003 the United States had 39 million, or 13 percent of Americans, connecting via broadband in the U.S. Broadband users at-home grew 49 percent year-over-year, while narrowband users declined 12 percent during May 2003 (see Table 1).
Despite higher growth ...