meta_pixel
Tapesearch Logo
Log in
Mind Pump: Raw Fitness Truth

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

Mind Pump: Raw Fitness Truth

Sal Di Stefano, Adam Schafer, Justin Andrews, Doug Egge

Fitness, Health & Fitness

4.8 • 12.6K Ratings

🗓️ 12 July 2021

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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)

Related Links/Products Mentioned

Featured Guest/People Mentioned

Transcript

Click on a timestamp to play from that location

0:00.0

If you want to pump your body and expand your mind, there's only one place to go.

0:06.0

MIND, MIND, MIND, MIND, MIND, MIND, with your hosts.

0:09.0

Salda Stefano, Adam Schaefer, and Justin Andrews.

0:13.0

In this episode of Mind Pump, we interviewed Mark Randolph.

0:18.0

He's one of the founders of Netflix, a serial, entrepreneur successful, quite successful.

0:24.0

He wrote a book called That Will Never Work. It's also the title of his podcast.

0:28.0

And in this episode, we talk a lot about entrepreneurship, getting things going and started,

0:33.0

how to motivate yourself, how to handle risks and challenges.

0:38.0

Very enlightening episode, I know most of you will enjoy this.

0:42.0

Now, this podcast was brought to you by our sponsor, Chilly Sleep.

0:46.0

Now, Chilly Sleep makes some great devices that go on your bed, that cool or warm your bed for improved sleep.

0:53.0

So there's two things that they offer. One is the cube sleep system, and the other one is the uler sleep system.

1:00.0

Both are phenomenal. I personally use the uler sleep system, and I sent my side of the bed at 65 degrees,

1:07.0

whereas my wife sends her side of the bed, much warmer.

1:10.0

We both get great sleep. We're both very happy.

1:13.0

By the way, it's water-cooled, no EMFs. It's a great product. Go check it out.

1:18.0

It's documented to improve people sleep. ChillySleep.com.com.

1:23.0

That's CHILI Sleep.com forward slash Mind Pump, and you'll see some exclusive offers for Mind Pump listeners.

1:30.0

Also, all month long, we have two programs that are on sale.

1:34.0

Maps hit, which is high-intensity, indoor training, and the no BS 6-pack formula,

1:38.0

which is a core training program, or both 50% off.

1:41.0

You can find out more or just sign up at mapsfitnisproducts.com.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Sal Di Stefano, Adam Schafer, Justin Andrews, Doug Egge, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Sal Di Stefano, Adam Schafer, Justin Andrews, Doug Egge and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.