Marc Randolph: How Netflix Disrupted The Entertainment Industry | E116

Ever wonder how Netflix became the giant it is today?   In 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’s grown to 150 million subscribers and fundamentally altered how the world experiences media.   Marc’s career as an entrepreneur spans four decades. He’s 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.   In this episode, we discuss how Marc started his career, his wilderness experiences that shaped his leadership style, and the importance of experimentation. We’ll also talk about why there’s no such thing as a ‘perfect’ idea, how Netflix rose to dominance, and Marc’s perspective on the importance of culture.  Sponsored by -    Restream. Sign up and stream live on Restream - https://restream.grsm.io/yap    Olay Body. Fearless In My Skin.   Social Media:    Follow YAP on IG: www.instagram.com/youngandprofiting Reach out to Hala directly at [email protected] Follow Hala on Linkedin: www.linkedin.com/in/htaha/ Follow Hala on Instagram: www.instagram.com/yapwithhala Follow Hala on ClubHouse: @halataha Check out our website to meet the team, view show notes and transcripts: www.youngandprofiting.com   Timestamps:   00:51 - Marc’s Childhood  03:51 - How a Wilderness Organization Shaped Marc 8:25 - Marc’s Advice for Recent Graduates and The Beginnings of His Career 14:35 - The Importance of Experimentation  17: 25 - Why There’s No “Perfect” Idea 20:58 - Marc’s Experience with Panhandling  28:46 - Netflix’s Pitch To Blockbuster and What Went Wrong  34:08 - How Blockbuster Was Disruptable and How Netflix Won 38:38 - The Hardest Situation in Marc’s Career 41:40 - Why Marc Doesn’t Like Performance Plans 44:12 - How Netflix’s Culture Developed 52:34 - Marc’s Secret to Profiting in Life   Mentioned in the Episode:   Marc’s Website: https://marcrandolph.com/ Marc’s Podcast: https://marcrandolph.com/podcasts/ Marc’s Book, That Will Never Work: https://marcrandolph.com/the-book/