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Netflix Co-Founder on How to Make Smart Business Decisions | That Will Never Work Podcast with Marc Randolph

Feb 23, 2021
In this engaging conversation, Marc Randolph, co-founder of Netflix, dives into the art of smart business decision-making. He shares insights from his career in investing and discusses the significance of developing an informed business instinct. The duo tackles 'opportunity paralysis' in entrepreneurship, emphasizing the need to balance risk and focus on key endeavors. Additionally, they explore the role of intuition, the importance of failure as a learning tool, and the emotional connections that influence investment choices.
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ANECDOTE

Life Phases and Netflix IPO

  • Marc Randolph discusses life's phases and a mentor's prediction about clarity at 30.
  • He recounts the anticlimactic Netflix IPO and a moment of realization with his son.
INSIGHT

Early Affinity for Wisdom

  • Gary Vaynerchuk reflects on his affinity for older people and wisdom from a young age.
  • This lifelong interest in history and psychology now informs his understanding of NFTs.
INSIGHT

Kind Candor as a Vulnerability

  • Gary Vaynerchuk identifies "kind candor" as his biggest vulnerability.
  • He struggles with delivering bad news but aims to improve this aspect of his leadership.
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