Listen to the full episode here - Spotify- https://g2ul0.app.link//ALL0Oi5NFPb Apple - https://g2ul0.app.link//HAiW8n8NFPb Watch the Episodes On Youtube - https://www.youtube.com/c/%20TheDiaryOfACEO/videos Marc: https://marcrandolph.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Because you watched Diary Of A CEO: the path to Netflix's $300 billion empire Marc Randolph is the co-founder and former CEO of Netflix, he is also the author of the international bestseller, ‘That Will Never Work' and the host of the podcast of the same name. In this conversation, Marc and Steven discuss topics such as, the importance of pride in work, the pitch that almost ruined Netflix, how Marc overcame $50 million of debt, and the one decision that saved Netflix. (00:00) Intro (00:37) What’s your mission? (02:12) Why did you write this book? (03:25) Your journey to Netflix, what got you there? (06:51) Meeting your Netflix co-founder (08:28) Searching for a business idea (12:03) How to know if you’ve got a winning business idea (16:45) The importance of stress testing your idea (21:11) Being too romantic about your idea (24:19) Netflix’s early years (31:12) Exploring the potential of selling to Amazon (35:44) What was Jeff like in 1999? (36:29) Stepping down as CEO (45:21) What was it that he had that he thought was better? (46:41) Having tough conversations (50:37) What makes Reed so successful? (51:55) Hard work: does it matter? (58:14) How to find the perfect product-market fit (01:02:11) The moment Netflix turned on subscriptions it changed everything (01:09:36) How many tests should we be conducting? (01:11:16) Getting employees to conduct more tests (01:13:24) Your dad passing away (01:18:58) The dot-com crash (01:23:01) Getting the call from Blockbuster to buy Netflix (01:29:37) Blockbuster nearly took Netflix down, until their CEO left (01:33:41) Leaving Netflix (01:38:47) Netflix culture (01:49:57) Your relationship and commitment to date nights (01:56:13) The last guest’s question Follow Marc: Twitter - https://g2ul0.app.link/NcZZFoH1FLb Instagram - https://g2ul0.app.link/z7yXEFJ1FLb You can purchase Marc’s book, ‘That Will Never Work’, here: https://g2ul0.app.link/jeSxs0R1FLb Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices
Marc Randolph on Building Netflix, Battling Blockbuster, Negotiating with Amazon/Bezos, and Scraping the Barnacles Off the Hull | Brought to you by Wealthfront automated investing, Helix Sleep premium mattresses, and Athletic Greens all-in-one nutritional supplement. More on all three below. Although best known as the co-founder and first CEO of Netflix, Marc Randolph‘s (@mbrandolph) career as an entrepreneur spans more than four decades. He’s founded or co-founded half a dozen other successful start-ups, including, most recently, Looker Data Sciences, which he sold to Google in 2019 for $2.6B. He is currently mentoring a handful of other early-stage companies and advising hundreds of other entrepreneurs. He is also an active seed investor in startups all over the world, author of an internationally bestselling memoir, and host of the new podcast That Will Never Work, where he dispenses advice, encouragement, and tough love to struggling entrepreneurs. When not surfing, mountain biking, or back-country skiing, Marc is a frequent speaker at industry events, works extensively with young entrepreneur programs, sits on the board of the environmental advocacy group 1% for the Planet, and chairs the National Outdoor Leadership School‘s board of trustees. Please enjoy! * This episode is brought to you by Helix Sleep! Helix was selected as the #1 best overall mattress of 2020 by GQ magazine, Wired, Apartment Therapy, and many others. With Helix, there’s a specific mattress to meet each and every body’s unique comfort needs. Just take their quiz—only two minutes to complete—that matches your body type and sleep preferences to the perfect mattress for you. They have a 10-year warranty, and you get to try it out for a hundred nights, risk free. They’ll even pick it up from you if you don’t love it. 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