534: In Retrospect - The Netflix Story With Marc Randolph

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 18 October 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

We're diving back into another episode from the Foundr Archives to revisit my interview with Marc Randolph, co-founder of Netflix. It’s every entrepreneur’s dream: create a product that is so disruptive to an industry, that it forces a shift in how we do business. Be so good, that they can’t ignore you, and they have to completely reimagine the way they do things in order to compete with you. That’s what Netflix did. Randolph has been an entrepreneur for over 40 years before the word “entrepreneur” was even a thing. With an insight into the business game like no other, Randolph knows the importance of action and acceleration colliding with ideas. Listen in as Randolph reveals his journey, from failed business ideas and last-minute pivots, to being laughed at during a $50m pitch with Blockbuster. Find out why he believes that the most important step in having an idea is to start. Click here to start your business for $1. You’ll get all-access foundr+, where you’ll find more in-depth, proven strategies from founders like our guest today and support and advice from our global community of 30,000 founders. If you loved this conversation and learned something new, rate and review this episode. Stay in touch with us, follow foundr on your favorite platform: Foundr.com Instagram YouTube Facebook X LinkedIn Magazine

Transcript

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0:00.0	Hey Founder Fam, today we're diving back into the archives to bring you an all-time favorite episode.
0:06.2	And this one was with Mark Randolph. He's the co-founder of Netflix. And in this interview,
0:11.4	he's going to share the whole journey from failed business ideas, last-minute pivots to being
0:18.2	laughed at, and even a $50 million pitch to blockbuster that they
0:23.0	turned down. This is an incredible conversation around how Mark was behind building one of the
0:29.9	largest companies in the world. This is a remarkable conversation with the co-founder of a company
0:35.3	that is so disruptive that it forced an entire
0:37.8	industry to really rethink its approach. All right, let's jump in.
0:41.6	Hear the stories. Learn the proven methods and accelerate your growth and future through
0:47.3	entrepreneurship. Welcome to the founder podcast with Nathan Chan.
0:55.0	Awesome. Well Mark, thanks so much for taking the time to speak with me today.
0:59.0	The first question that I ask everyone that comes on is, how did you get your job?
1:04.0	Well, I've never counted on someone else to get my job. I usually try and create my own. And unfortunately,
1:13.6	that usually doesn't come with very good pay or very good benefits, but it does have flexible
1:18.3	hours and you usually get along pretty well with your boss. Awesome. So how did you, yeah, find
1:24.8	yourself doing the work you're doing today. Obviously, you're very well known as one of the co-founders of Netflix.
1:31.0	And I've heard your story, read your incredible book, that wouldn't have work.
1:34.9	And even heard you speak at an EO event.
1:39.3	So, yeah, look, really, really interested to hear how all that started. But I'd love to go back to humble beginnings, because I know you've started, look, really, really interested to hear how all that started.
1:44.5	But I'd love to go back to humble beginnings because I know you've started like,
1:48.7	you've been an entrepreneur for over 40 years.
1:50.5	You've started many successful companies.
	...

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