Former Netflix CEO: “They're Lying To You About Hard Work!” Building a $278 Billion Company Wasn’t Built On Hard Work!

Former Netflix CEO: “They're Lying To You About Hard Work!” Building a $278 Billion Company Wasn’t Built On Hard Work!

Because you watched Diary Of A CEO: the path to Netflix's $300 billion empire Marc Randolph is the co-founder and former CEO of Netflix, he is also the author of the international bestseller, ‘That Will Never Work' and the host of the podcast of the same name. In this conversation, Marc and Steven discuss topics such as, the importance of pride in work, the pitch that almost ruined Netflix, how Marc overcame $50 million of debt, and the one decision that saved Netflix. (00:00) Intro (00:37) What’s your mission? (02:12) Why did you write this book? (03:25) Your journey to Netflix, what got you there? (06:51) Meeting your Netflix co-founder (08:28) Searching for a business idea (12:03) How to know if you’ve got a winning business idea (16:45) The importance of stress testing your idea (21:11) Being too romantic about your idea (24:19) Netflix’s early years (31:12) Exploring the potential of selling to Amazon (35:44) What was Jeff like in 1999? (36:29) Stepping down as CEO (45:21) What was it that he had that he thought was better? (46:41) Having tough conversations (50:37) What makes Reed so successful? (51:55) Hard work: does it matter? (58:14) How to find the perfect product-market fit (01:02:11) The moment Netflix turned on subscriptions it changed everything (01:09:36) How many tests should we be conducting? (01:11:16) Getting employees to conduct more tests (01:13:24) Your dad passing away (01:18:58) The dot-com crash (01:23:01) Getting the call from Blockbuster to buy Netflix (01:29:37) Blockbuster nearly took Netflix down, until their CEO left (01:33:41) Leaving Netflix (01:38:47) Netflix culture (01:49:57) Your relationship and commitment to date nights (01:56:13) The last guest’s question Follow Marc: Twitter - https://g2ul0.app.link/NcZZFoH1FLb Instagram - https://g2ul0.app.link/z7yXEFJ1FLb You can purchase Marc’s book, ‘That Will Never Work’, here: https://g2ul0.app.link/jeSxs0R1FLb Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

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E15: Gerard Adams - A $50m Elite Exit

E15: Gerard Adams - A $50m Elite Exit

In this Chapter, I meet Gerard Adams - A born entrepreneur. He takes us through his journey of struggle, success & tough decisions as he grew one of the most popular online publishers - Elite daily, through to it's sale to the Daily Mail. Now heading up an incubator for entrepreneurs in Fownders, Gerard's mission is bigger than ever. Learn more about your ad choices. Visit megaphone.fm/adchoices

16 Apr 201841min

E14: John Vincent - Building A Restaurant Empire

E14: John Vincent - Building A Restaurant Empire

In Chapter Fourteen, I'm honoured to invite John Vincent, Co-Founder of hugely popular healthy eating fast food chain Leon. Having built an empire of 52 restaurants, I wanted to find out what drives him and the lessons he's learnt along the way. Tragically, John's father passed away a week prior to our conversation, and he discusses what his fathers influence has taught him. Learn more about your ad choices. Visit megaphone.fm/adchoices

9 Apr 201852min

E13: Why We're All F*cked Up

E13: Why We're All F*cked Up

In this chapter, I discuss the importance I've learnt this past week in first impressions, the reason why we're ALL f*cked up and how we can use that to our advantage, the 20 reasons why you shouldn't be an entrepreneur, and I update on my new journey in moving to New York and as always, my relationship status.. Learn more about your ad choices. Visit megaphone.fm/adchoices

19 Mars 201848min

E12: Sacha Lord's Diary - The King of Nightlife

E12: Sacha Lord's Diary - The King of Nightlife

In this chapter I invite Sacha Lord onto the podcast to share his diary. From the halcyon days at Manchester's famed Hacienda, to building the iconic Warehouse Project & Parklife, Sacha is a true party mastermind, and as you can imagine, he's got a lot of stories to tell from along the way.. Learn more about your ad choices. Visit megaphone.fm/adchoices

5 Mars 201858min

E11: I have a huge announcement to make...

E11: I have a huge announcement to make...

In this chapter I have a huge announcement to make, one that I've not revealed to anyone outside of my immediate team yet.. Learn more about your ad choices. Visit megaphone.fm/adchoices

25 Feb 201842min

E10: Dom's Diary - Mental Health, Addiction & Quitting Business

E10: Dom's Diary - Mental Health, Addiction & Quitting Business

In this chapter, Dominic McGregor, Co-Founder of Social Chain joins me to talk through his story of building Social Chain, the pressure's of entrepreneurship, mental health, his struggles with addiction & his recovery.Dom's EverydayHero challenge - https://calmchallengeevents201718.everydayhero.com/uk/TeeTotalRunner Learn more about your ad choices. Visit megaphone.fm/adchoices

12 Feb 20181h 17min

E9: Social Media Is Destroying Our Society

E9: Social Media Is Destroying Our Society

In the ninth instalment of the podcast, I discuss my recent trip to Sri Lanka and the lessons it taught me about gratitude, the power of networking, the trap of social media and impacts on mental health, and as always, and update on relationships. Learn more about your ad choices. Visit megaphone.fm/adchoices

1 Feb 201846min

E8: Advice from Elon Musk, Warren Buffet and Steve Jobs

E8: Advice from Elon Musk, Warren Buffet and Steve Jobs

In this Chapter, I discuss how I get into the right frame of mind just before a any big moment in my life, why it's so important for me to push my ego aside in order to win and the advice from some of my mentors that has helped shape the person I am today Learn more about your ad choices. Visit megaphone.fm/adchoices

18 Dec 201744min

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