How can you disrupt your industry?
On today’s show we’re talking with Marc Randolph, co-founder of Netflix, and author of That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea. Marc started several companies before co-founding Netflix at age 39. He is passionate about solving unique problems every day, and believes in creating a good work/life balance.
Marc wants to stay fulfilled in his everyday life, the money was never important to him. Finding opportunities, and ways to capitalize on those opportunities is what Marc lives for.
On today’s episode we discuss:
- What Marc wanted to do growing up.
- How to create a great company culture.
- What it means to be an entrepreneur.
- Why the initial idea doesn’t matter when creating a startup.
- How to begin solving any problem.
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TIMESTAMPS
02:30 - The glorification of entrepreneurship.
03:45 - How Marc’s childhood created a fantastic foundation for him.
05:30 - As a kid Marc would say, “I would love to invent something.” “Dream to invent something”
08:40 - Entrepreneurship to Marc is a compulsion.
11:15 - Netflix was Marc’s 6th company.
13:40 - The importance of Company Culture.
15:15 - The Netflix story.
21:00 - The difference between loving the process of what you are doing and loving the content which you are selling.
28:30 - “Lets launch something and collide it with reality”.
30:10 - The importance of focusing obsessively on the one or two things that are critical for business success.
31:53 - The Netflix subscription model.
34:00 - The $1 Million dollar Netflix Website.
37:00 - You can try 1000 ideas to get that 1 idea.
37:20 - What Marc looks for when in business.
43:08 - Is wanting something that you can teach someone or does it have to come from within them?
46:10 - Marc talks about how the massive money after listing Netflix impacted his life.
47:51 - What success is to Marc?
51:53 - “You don’t get what you don’t try to get”
54:40 - Immediately put the idea into use.
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