You would think the most brilliant of entrepreneurs would rarely face failure. After all, didn’t they just come up with one genius idea and money started flooding in? Not the case for Netflix co-founder, Marc Randolph. The truth? Marc was told, “That will never work,” more times than he could count. In this vulnerable conversation, Marc shares the challenges and harsh rejection he faced during the early days of Netflix and peels back the curtain of the often-glamorized world of entrepreneurship. And he says the problems you see every day in your business or your job could be your golden ticket to big profits. Subscribe and listen now to my conversation with Marc on Apple Podcasts and Spotify!
You Will Learn That:
- You build skills by doing them
- Pain is the parent to ideas
- Entrepreneurship is a grind
- There is no easy way
- There’s always a reason not to do something
- Why you should think less and do more
- If you wait, you’re too late
- Nobody knows anything
Quotes:
- “The way you learn to make better decisions is by making decisions.” – Marc Randolph
- “Start small, build momentum. And that allows you to bet on yourself and place bigger bets because you can be confident in your own abilities.” – Derrick Kinney
- “Once you’ve learned to really articulate the problem and see the problem clearly, almost without even thinking about it, ideas begin popping into your mind.” – Marc Randolph
- “And it was this realization at that moment that there was no easy way. There was no trick. There was no magic bullet. There wasn’t a way around. And, as my Dad used to say, ‘Sometimes the only way out is through.’” – Marc Randolph
- “If you don’t start, you’re never going to get anywhere. There’s always a reason not to do something.” – Marc Randolph
- “So, the lesson there is, you can’t over commit. Whatever you think is an overcommitment is probably just barely enough to land that trick.” – Marc Randolph
- “The uncertainty is everything. If you wait until you can see around the corner enough to be confident that your idea is going to work, I guarantee you’re too late.” – Marc Randolph
- “The most important skill of a good entrepreneur is, are they creative and clever enough to figure out ways to try their ideas that are quick, simple, and cheap? Because then they can try hundreds of ideas.” – Marc Randolph
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Recommended Resources:
- That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea by Marc Randolph (https://amzn.to/38EJw9U)
