Everyone is the entrepreneur of his/her own life, even if he isn’t founding a Silicon Valley behemoth. The leadership skills of idea generation and growth, inspiring the team and creating culture are as important at the family dinner table as they are in an office conference room.
Marc Randolph is a veteran Silicon Valley entrepreneur, adviser and investor. As cofounder and founding CEO of Netflix, he laid much of the groundwork for a service that has grown to 150 million subscribers and fundamentally altered how the world experiences media. He also served on the Netflix board of directors until retiring from the company in 2003.
In this episode of the Bottom Line Advocator Podcast, Marc joins Bottom Line President Sarah Hiner to discuss Marc’s newly released book That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea…lessons Marc has learned from 40 years of entrepreneurism…the process of coming up with and executing new ideas…how to overcome adversity…life lessons learned from being an outdoorsman and living in the mountains…and more.
Other topics explored…
- How did Netflix compare with Marc’s past experiences in the start-up world? (2:15 – 3:43)
- How Marc’s experience in direct marketing helped him create Netflix (3:44 –7:00)
- The process of coming up with and executing new ideas and the beginning of Netflix (7:01 – 15:00)
- How Marc and Reed Hastings worked together to create Netflix and the importance of working with a partner (15:05 – 16:27)
- Don’t keep your “big idea” a secret—share it with others (16:30 – 18:10)
- Dealing with fear, hurdles and the importance of being uncomfortable (18:15 – 27:53)
- Life lessons learned from being an outdoorsman and living in the mountains (28:00 – 35:10)
- Netflix culture, family culture (35:15 – 43:48)
- Marc’s parting advice for entrepreneurs (43:55 – 45:15)
- What advice would 2019 Marc Randolph give to 1997 Marc Randolph (45:17 – 46:11)
You can find Marc’s book, That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea, by clicking here.
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