In this conversation, Marc Randolph, co-founder and former CEO of Netflix, shares his journey from startup struggles to building a $278 billion empire. He challenges the myth of hard work being the sole key to success. Tune in for insights on how Netflix pivoted its model, tested ideas, and turned near-failure into triumph. Randolph also reflects on the critical moments with Blockbuster and the importance of fostering a culture of experimentation. It's a fascinating look into the mindset that drives innovation!

Marc Randolph, Co-Founder of Netflix, discusses the importance of building startup culture from the ground up. They delve into topics such as the evolution of company culture, the challenges of maintaining culture as a company grows, the significance of selection and deselection in culture development, and the importance of focusing on culture from the beginning stages of a startup. They also explore the balance between opportunity and performance in team growth and the impact of company size on fostering a risk-taking culture.

The way we watch is changing so rapidly that we’ve decided to revisit our very first and most popular Business War: Netflix versus Blockbuster. We’re re-airing an expanded eight-part series following Netflix’s battles against HBO and today’s new entrants into the Streaming Wars.It all started around 1997, with a guy named Marc Randolph and his mathematician friend, Reed Hastings. Randolph and Hastings knew they’d have to take on Blockbuster. But what they didn’t anticipate was that their business model would take on network television and eventually change the entire movie industry.This was an 8-year total war that left innumerable casualties in its wake: thousands of hollowed out buildings and economic losses in the billions.Support us by supporting our sponsors!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Marc Randolph on Building Netflix, Battling Blockbuster, Negotiating with Amazon/Bezos, and Scraping the Barnacles Off the Hull | Brought to you by Wealthfront automated investing, Helix Sleep premium mattresses, and Athletic Greens all-in-one nutritional supplement. More on all three below.Although best known as the co-founder and first CEO of Netflix, Marc Randolph‘s (@mbrandolph) career as an entrepreneur spans more than four decades. He’s founded or co-founded half a dozen other successful start-ups, including, most recently, Looker Data Sciences, which he sold to Google in 2019 for $2.6B. He is currently mentoring a handful of other early-stage companies and advising hundreds of other entrepreneurs. He is also an active seed investor in startups all over the world, author of an internationally bestselling memoir, and host of the new podcast That Will Never Work, where he dispenses advice, encouragement, and tough love to struggling entrepreneurs.When not surfing, mountain biking, or back-country skiing, Marc is a frequent speaker at industry events, works extensively with young entrepreneur programs, sits on the board of the environmental advocacy group 1% for the Planet, and chairs the National Outdoor Leadership School‘s board of trustees.Please enjoy!*This episode is brought to you by Helix Sleep! Helix was selected as the #1 best overall mattress of 2020 by GQ magazine, Wired, Apartment Therapy, and many others. With Helix, there’s a specific mattress to meet each and every body’s unique comfort needs. Just take their quiz—only two minutes to complete—that matches your body type and sleep preferences to the perfect mattress for you. They have a 10-year warranty, and you get to try it out for a hundred nights, risk free. They’ll even pick it up from you if you don’t love it. And now, to my dear listeners, Helix is offering up to 200 dollars off all mattress orders plus two free pillows at HelixSleep.com/Tim.*This episode is also brought to you by Athletic Greens. I get asked all the time, “If you could only use one supplement, what would it be?” My answer is usually Athletic Greens, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. Right now, Athletic Greens is offering you their Vitamin D Liquid Formula free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit AthleticGreens.com/Tim to claim this special offer today and receive the free Vitamin D Liquid Formula (and five free travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive all-in-one daily greens product.*This episode is also brought to you by Wealthfront! Wealthfront pioneered the automated investing movement, sometimes referred to as ‘robo-advising,’ and they currently oversee $20 billion of assets for their clients. It takes about three minutes to sign up, and then Wealthfront will build you a globally diversified portfolio of ETFs based on your risk appetite and manage it for you at an incredibly low cost. Smart investing should not feel like a rollercoaster ride. Let the professionals do the work for you. Go to Wealthfront.com/Tim and open a Wealthfront account today, and you’ll get your first $5,000 managed for free, for life. Wealthfront will automate your investments for the long term. Get started today at Wealthfront.com/Tim.*If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This is Episode 1 of an 8-part series on the brutal business battle between Netflix and Blockbuster, and later HBO.It all started around 1997, with a guy named Marc Randolph and his mathematician friend Reed Hastings. Randolph and Hastings knew they’d have to take on Blockbuster, but what they didn’t anticipate was that their business model would take on network television and eventually change the entire movie industry.This was an 8-year total war that left innumerable casualties in its wake: thousands of hollowed out buildings and economic losses in the billions.Support us by supporting our sponsors!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Netflix Co-Founder Marc Randolph shares insights on leadership development, no vacation policy, and developing excellent talent evaluators. The podcast delves into the impact of sports on leadership, startup challenges, overcoming doubt in entrepreneurship, empowering employees, building high-performing teams, navigating momentum in business and sports, and Netflix's unique culture.

Reed Hastings and Marc Randolph, the dynamic duo behind Netflix, take us back to its humble beginnings. They recount the pivotal moment in 1997 that sparked the idea for an online movie rental service. Overcoming skepticism, they navigated the challenges of the internet and film industry to launch Netflix, initially as a DVD rental service. The duo shares how their innovative approach transformed Netflix into a global entertainment titan, reshaping how we consume media.

Marc Randolph en Reed Hastings, de oprichters van Netflix, delen hun fascinerende reis naar het creëren van het grootste streamingplatform ter wereld. Ze vertellen hoe het idee achter Netflix ontstond tijdens carpoolritten en bespreken de transformatie van DVD-verhuur naar originele content, met mijlpalen zoals 'House of Cards'. Het belang van unieke content en snelle besluitvorming voor succes wordt onderstreept, evenals de uitdagingen in de concurrerende streamingmarkt. Hun visie op de toekomst van Netflix met uitbreiding naar live sport en gaming zorgt voor interessante inzichten.

Marc Randolph, Co-Founder of Netflix, shares the secrets of entrepreneurial success, emphasizing hands-on experience, decision-making, and learning from feedback. He discusses the birth of Netflix, the courage and grit needed in entrepreneurship, and the moral dilemma faced with Blockbuster. He also reflects on the pursuit of happiness and prioritizing personal passions.

In this engaging discussion, Marc Randolph, co-founder of Netflix, shares his entrepreneurial journey spanning over 40 years. He recounts the unexpected pivots and failures that led to Netflix's transformative idea of DVD rentals by mail. Randolph highlights the essential traits investors seek in founders and the importance of adaptability. He also champions the idea that success can come from any location, not just Silicon Valley, and emphasizes learning from failures as a stepping stone to growth. Get inspired to take action on your own ideas!