That Will Never Work with Marc Randolph

The Chase Jarvis LIVE Show

Chase Jarvis

Celebrity, Art, Career, Creativity, Money, Entrepreneurship, Self-improvement, Education, Careers, Writing, Interview, Investment, Influencer, Business, Photography

4.8 • 641 Ratings

🗓️ 2 June 2021

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

How many of us let what others think and say dictate the way we value our ideas? Does hearing no discourage you? How about when someone tells you that what you’re working on will never work? This week’s guest has literally made a living as an entrepreneur, being told that his ideas would never work every step of the way. Marc Randolph is the cofounder of Netflix, author of the book, “That Will Never Work,” host of the podcast “That Will Never Work,” serial entrepreneur, investor, advisor, and mentor to young founders. Marc would be the first to tell you that the ability to receive critical feedback positively and constructively can be the difference between expanding on your idea, and watching it fade.

We discuss Marc’s backstory, and how he came to discover his own entrepreneurial spirit. Marc speaks on the importance of communication and brutal honesty both at home and in the workplace. We talk about developing company culture, delegation and workflow, and the balance of freedom and responsibility within a company. Other topics covered include:

Having hard conversations with compassion
Socratic discussion and problem solving
Important skill sets for entrepreneurs
Work/life balance
Identifying the few important things to get right that will solve the rest of the problems
Why actions speak louder than words

Make sure to check out Marc's website, marcrandolph.com, or find him on social media @thatwillneverwork.

Enjoy!

Have a question?
Text me 1-206-309-5177 
Tweet me @chasejarvis

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Transcript

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0:00.0	Hey everybody, what's up? It's Chase.
0:06.2	Welcome to another episode of the Chase Jarvis Live show here on Creative Live.
0:09.0	You know, the show where I sit down with Amazing Humans.
0:11.4	And today's Amazing Human is Mark Randolph, co-founder and the very first CEO to that little company we love called Netflix.
0:20.3	If you are at all interested in starting something,
0:25.4	starting an adventure, a company pursuing something, and there are people in your world telling
0:30.5	you that that won't work, that that's not a good idea, then this episode is for you. In part,
0:36.5	we're going to talk about Mark's book called That Will Never Work,
0:39.9	his podcast by the same name where he gives advice and helps people understand that the
0:44.4	people who are telling you that it won't work, they're full of it.
0:49.3	Those things are, I think, foundational to the episode.
0:51.8	But also, I think there's this stories around Netflix
0:59.6	founding when they were running out of money, 50 million in the hole and trying to sell
1:03.8	it to Blockbuster and Blockbuster laughed him out of the room. Obviously there's now, there
1:08.1	used to be 9,000 blockbusters. There's now one, and Netflix is worth $250 billion with a B.
1:14.1	So there's a range of stories.
1:15.7	Marcus, such a brilliant entrepreneur.
1:17.4	He's had a number of exits and just sold another company to Google for $2 billion.
1:20.8	But this isn't about big business entrepreneurship.
1:23.7	This is about what your true compass is and how you navigate these, these challenges,
1:29.9	whether you're trying to start a solo effort or raise money and start a company from
1:36.4	scratch in a venture world. Both are so valuable. And underpinning all this is Mark is truly a
	...

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