Marc Randolph: How Netflix Disrupted The Entertainment Industry | E116

Published: May 31, 2021, 9:30 a.m.

b'Ever wonder how Netflix became the giant it is today?\\n\\xa0\\nIn this episode, we are chatting with Marc Randolph, co-founder and first CEO of Netflix. Marc is a veteran Silicon Valley entrepreneur, advisor, and investor. As founding CEO of Netflix, he laid much of the groundwork for a service that\\u2019s grown to 150 million subscribers and fundamentally altered how the world experiences media.\\n\\xa0\\nMarc\\u2019s career as an entrepreneur spans four decades. He\\u2019s founded or co-founded six other successful startups, mentored hundreds of early-stage entrepreneurs, and as an investor has helped seed dozens of successful tech ventures. Most recently, he co-founded analytics software company Looker Data Sciences, where he now serves as director. Outside of the tech and startup world, Marc sits on numerous other company boards and is an outdoors enthusiast.\\n\\xa0\\nIn this episode, we discuss how Marc started his career, his wilderness experiences that shaped his leadership style, and the importance of experimentation. We\\u2019ll also talk about why there\\u2019s no such thing as a \\u2018perfect\\u2019 idea, how Netflix rose to dominance, and Marc\\u2019s perspective on the importance of culture.\\xa0\\n\\nSponsored by -\\xa0\\n\\xa0\\nRestream. Sign up and stream live on Restream - https://restream.grsm.io/yap\\xa0\\n\\xa0\\nOlay Body. Fearless In My Skin.\\n\\xa0\\nSocial Media:\\xa0\\n\\xa0\\nFollow YAP on IG: www.instagram.com/youngandprofiting\\nReach out to Hala directly at Hala@YoungandProfiting.com\\nFollow Hala on Linkedin: www.linkedin.com/in/htaha/\\nFollow Hala on Instagram: www.instagram.com/yapwithhala\\nFollow Hala on ClubHouse: @halataha\\nCheck out our website to meet the team, view show notes and transcripts: www.youngandprofiting.com\\n\\xa0\\nTimestamps:\\n\\xa0\\n00:51 - Marc\\u2019s Childhood\\xa0\\n03:51 - How a Wilderness Organization Shaped Marc\\n8:25 - Marc\\u2019s Advice for Recent Graduates and The Beginnings of His Career\\n14:35 - The Importance of Experimentation\\xa0\\n17: 25 - Why There\\u2019s No \\u201cPerfect\\u201d Idea\\n20:58 - Marc\\u2019s Experience with Panhandling\\xa0\\n28:46 - Netflix\\u2019s Pitch To Blockbuster and What Went Wrong\\xa0\\n34:08 - How Blockbuster Was Disruptable and How Netflix Won\\n38:38 - The Hardest Situation in Marc\\u2019s Career\\n41:40 - Why Marc Doesn\\u2019t Like Performance Plans\\n44:12 - How Netflix\\u2019s Culture Developed\\n52:34 - Marc\\u2019s Secret to Profiting in Life\\n\\xa0\\nMentioned in the Episode:\\n\\xa0\\nMarc\\u2019s Website: https://marcrandolph.com/\\nMarc\\u2019s Podcast: https://marcrandolph.com/podcasts/\\nMarc\\u2019s Book, That Will Never Work: https://marcrandolph.com/the-book/'