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The Playbook With David Meltzer

Every Idea is Bad, Until It Works | Interview with Co-Founder of Netflix, Marc Randolph

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.61.9K Ratings

🗓️ 28 December 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

On this episode, of #ThePlaybook, Marc Randolph, Co-founder and the first CEO of Netflix, sits down to discuss: [5:38] - The decision to try and combine forces with Blockbuster and why it failed [7:46] - How to properly handle being told “that will never work” [9:43] - Why breakthroughs in business are exactly like geologic change [15:01] - The reason he says all ideas are bad (and why you should not hesitate to try and figure it out anyway) Tweet me your takeaway from today’s episode @davidmeltzer Email Me! [email protected] Sign up for my Free Weekly Training https://free.dmeltzer.com/friday-training-1 Text Me! (949) 298-2905 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

We had to build a company that worked in a DVD world,

0:04.2

but yet, when the conditions were right,

0:07.9

would have been setting us up

0:09.2

for being successful and streaming.

0:12.6

This is the flavor.

0:13.8

Man, do we have a treat for you today?

0:15.5

Mark Randolph, he's the co-founder,

0:17.2

the first CEO of a small, fairly popular company

0:20.9

called Netflix.

0:22.2

And, you know, I'm gonna start off right where

0:25.2

it excited me, Mark, is that I grew up

0:27.8

with this single Jewish mom, six kids, single mom,

0:30.8

education was everything.

0:32.4

I used to say the fetus wasn't fully developed

0:34.6

till after graduate school.

0:36.6

And there was a saying that I grew up with

0:38.8

Dr. Lawyer or Failure.

0:41.9

And every time my crazy entrepreneurial mind,

0:46.0

my imaginative, curious, curious and creative mind

0:49.4

would come up with an idea of have a giant ice cream cone

0:53.0

that you could put a Sunday in instead of just a small

0:56.0

31 flavors cone.

...

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