How To

𝐋𝐢𝐬𝐭𝐞𝐧. 𝐋𝐞𝐚𝐫𝐧. 𝐏𝐫𝐨𝐟𝐢𝐭. Hala investigates a new self-improvement topic each week and interviews the brightest minds in the world―turning their wisdom into actionable advice you can use in your life no matter your age, profession or industry. YAP’s subject matter ranges from enhancing productivity, how to gain influence, the art of side hustles and more! If you’re smart and like to continually improve yourself, hit the subscribe button, because you’ll love it here at Young and Profiting Podcast.

May 31, 2021

#116: How Netflix Disrupted The Entertainment Industry with Marc Randolph

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 Hala@YoungandProfiting.com

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/

More episodes

Load more

Podbean App

Play this podcast on Podbean App