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

4.6 • 1.9K Ratings

🗓️ 28 December 2021

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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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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