1595: Your Ideas Suck… How to be an Entrepreneur With Netflix Co-Founder Marc Randolph

Jul 12, 2021

In this episode Sal, Adam, and Justin interview Netflix Co-Founder Marc Randolph

Are you born to be an entrepreneur or is it something that can be developed? (1:52)
Why would you want to be an entrepreneur? (3:35)
An example of colliding your idea with reality. (6:45)
The birth of Netflix. (12:04)
The evolution of his relationship with Reed Hastings. (15:57)
Was Netflix laughed out of the room pitching their idea to Blockbuster? (22:00)
How did they generate enough revenue to stay afloat during those dark days? (30:14)
Why if these companies do not have the courage to disrupt themselves, someone else will do it for them. (32:33)
The importance of being comfortable with uncertainty. (36:39)
How if you don’t know what you want, the opportunity of getting it is very slim. (39:30)
Why you should never fall in love with your ideas. (42:42)
Why there is no substitute for trial and error. (45:52)
What is success if not the ability to go and spend your day with the things you love? (46:54)
What characteristics does he look for in an entrepreneur? (49:26)
The distinct layers of scaling a business. (51:10)
His take on the two different models of streaming. (56:10)
The essential ingredient of the algorithm. (59:58)
The interesting dynamic of the growing podcast space. (1:01:36)
What up and coming businesses excite him? (1:04:48)

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