YAPLive: Start Up School with Netflix and Kickstarter Founders, Marc Randolph and Yancey Strickler | Cut Version

Young and Profiting with Hala Taha

YAP Media Network | Hala Taha

Entrepreneurship, Business, Marketing

4.8 • 1.5K Ratings

🗓️ 29 June 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you want to launch your startup and get tricks and tips from legendary startup founders, you’re in the right place. In this #YAPLive, we get schooled on the startup world by Netflix and Kickstarter founders, Marc Randolph and Yancey Strickler. Marc and Yancey are known for their innovative ideas and tremendous successes, so who better to show us the ropes? In this episode, Hala, Marc, and Yancey chat about the traits and qualities of successful entrepreneurs, Yancey’s philosophy of Bentoism and why it’s important that businesses are led by deeper values than profit, how to determine if a product has demand, and how to know when to pivot. Topics Include: - Traits and qualities of successful entrepreneurs - The story behind creating Netflix - Yancy’s philosophy of Bentoism - What is the biggest lesson learned from failure - How to determine a product that has demand - How to know when to pivot vs close your business - How much should we pay attention to the competition? - Q & A: Pitching your ideas - Advice for a new entrepreneur - And other topics… Marc Randolph is the co-founder and first CEO of Netflix, and a veteran Silicon Valley entrepreneur, investor, and advisor. He is also the author and podcast host of That Will Never Work. Yancey Strickler is a writer and entrepreneur. He’s the co-founder of Kickstarter, cofounder of Metalabel, and co-founder of the artist resource The Creative Independent. He is also the creator of Bentoism and The Ideaspace, and the author of This Could Be Our Future: A Manifesto for a More Generous World. Sponsored By: Open Door Capital - Go to investwithodc.com to learn more! Wise - Join 13 million people and businesses who are already saving, and try Wise for free at Wise.com/yap Shopify - Go to shopify.com/profiting, for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features Faherty - Knack Bags - Go to knackbags.com - Use the code YAP and for a limited time, get a free TSA-approved lock with purchase, just add the TSA lock to your cart with your Knack bag of choice and use the code YAP at checkout to get it for free. Resources Mentioned: #YAPLive: Start Up School with Top Tech Founders on Clubhouse: https://www.youngandprofiting.com/yaplive-start-up-school-with-top-tech-founders-on-clubhouse/ YAP Episode #116: How Netflix Disrupted The Entertainment Industry with Marc Randolph https://www.youngandprofiting.com/116-how-netflix-disrupted-the-entertainment-industry-with-marc-randolph/ YAP Episode #81: Bentoism For a Better World with Yancey Strickler: https://www.youngandprofiting.com/81-bentoism-for-a-better-world-with-yancey-strickler/ Marc’s Website: https://marcrandolph.com/ Marc’s Podcast: https://marcrandolph.com/podcasts/ Marc’s Book: https://marcrandolph.com/the-book/ Marc’s LinkedIn: https://www.linkedin.com/in/marcrandolph/ Marc’s Instagram: https://www.instagram.com/thatwillneverwork/ Marc’s Twitter: https://twitter.com/mbrandolph Yancey’s Website: https://www.ystrickler.com/ Yancey’s Book: https://www.ystrickler.com/book Yancy’s LinkedIn: https://www.linkedin.com/in/yancey-strickler-486b4557/ Yancey’s Instagram: https://www.instagram.com/ystrickler/ Yancyey’s Twitter: https://twitter.com/ystrickler Connect with Young and Profiting: Hala’s LinkedIn: https://www.linkedin.com/in/htaha/ Hala’s Instagram:https://www.instagram.com/yapwithhala/ Hala’s Twitter: https://twitter.com/yapwithhala Clubhouse: https://www.clubhouse.com/@halataha Website: https://www.youngandprofiting.com/ Text Hala: https://youngandprofiting.co/TextHala or text “YAP” to 28046 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Have you ever been caught out by payments you've forgotten about?
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0:17.8	It's just one of our many useful tools that can help you stay on top of your money.
0:22.4	To find out more, go to Lloyd'sbank.com forward slash cost of living.
0:27.0	Lloyd's Bank by your side.
0:30.0	You're listening to YAP, Young and Profiting Podcast, a place where you can listen, learn, and profit.
0:39.0	Welcome to the show. I'm your host, Halla Taha, and on Young and Profiting Podcast, we investigate a new topic each week
0:47.0	and interview some of the brightest minds in the world.
0:50.0	My goal is to turn their wisdom into actionable advice that you can use in your everyday life, no matter your age, profession, or industry.
0:59.0	There's no fluff on this podcast, and that's on purpose. I'm here to uncover value from my guests by doing the proper research and asking the right questions.
1:09.0	If you're new to the show, we've chatted with the likes of XFBI agents, real estate moguls, self-made billionaires, CEOs, and bestselling authors.
1:18.0	Our subject matter ranges from enhanced and productivity, how to gain influence, the art of entrepreneurship, and more.
1:25.0	If you're smart and like to continually improve yourself, hit the subscribe button, because you'll love it here at Young and Profiting Podcast.
1:35.0	Let's talk about mindset, because I think that the first step to learning how to build your dream business is really telling yourself that you can and actually believing that you can do it.
1:45.0	I think we all agree that not everybody should be an entrepreneur.
1:49.0	I would love to understand what you guys think makes a good entrepreneur in terms of their personality traits or the background experiences that they should have before starting a business.
2:00.0	Why don't we start off with Yancey first this time?
2:03.0	It's such a different mindset, being an employee versus an entrepreneur. As an employee, you're waiting for things to be done for you. And as an entrepreneur, nothing happens unless you do it.
2:17.0	I remember I had a day job throughout the pre-launch days of Kickstarter for like three years. Kickstarter was nights and weekends and more.
2:26.0	I had to do a day job and the notion of quitting my day job to do this full time was a really scary thing, because I had no financial security.
	...

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