1595: Your Ideas Suck… How to be an Entrepreneur With Netflix Co-Founder Marc Randolph

In this episode Sal, Adam, and Justin interview Netflix Co-Founder Marc Randolph Are you born to be an entrepreneur or is it something that can be developed? (1:52) Why would you want to be an entrepreneur? (3:35) An example of colliding your idea with reality. (6:45) The birth of Netflix. (12:04) The evolution of his relationship with Reed Hastings. (15:57) Was Netflix laughed out of the room pitching their idea to Blockbuster? (22:00) How did they generate enough revenue to stay afloat during those dark days? (30:14) Why if these companies do not have the courage to disrupt themselves, someone else will do it for them. (32:33) The importance of being comfortable with uncertainty. (36:39) How if you don’t know what you want, the opportunity of getting it is very slim. (39:30) Why you should never fall in love with your ideas. (42:42) Why there is no substitute for trial and error. (45:52) What is success if not the ability to go and spend your day with the things you love? (46:54) What characteristics does he look for in an entrepreneur? (49:26) The distinct layers of scaling a business. (51:10) His take on the two different models of streaming. (56:10) The essential ingredient of the algorithm. (59:58) The interesting dynamic of the growing podcast space. (1:01:36) What up and coming businesses excite him? (1:04:48) Related Links/Products Mentioned July Promotion: MAPS HIIT and the No BS 6-Pack Formula 50% off!  **Promo code “JULYSPECIAL” at checkout** Visit ChiliPad for an exclusive offer for Mind Pump listeners! That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea That Will Never Work Podcast Mind Pump Podcast – YouTube Mind Pump Free Resources Featured Guest/People Mentioned Marc Randolph (@thatwillneverwork)  Instagram Reed Hastings (@reedhastings)  Twitter