Former Netflix CEO: “Hard Work Does Not Matter!” A $278 Billion Company Wasn’t Built On Hard Work!

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.

00:00 Intro
02:03 What’s your mission?
03:11 Why did you write this book?
04:24 Your journey to Netflix, what got you there?
08:50 Meeting your Netflix co-founder
11:27 Searching for a business idea
16:02 How to know if you’ve got a winning business idea
19:44 The importance of stress testing your idea
24:10 Being too romantic about your idea
27:18 Netflix’s early years
34:11 Exploring the potential of selling to Amazon
38:43 What was Jeff like in 1999?
40:28 Stepping down as CEO
48:20 What was it that he had that he thought was better?
49:40 Having tough conversations
53:36 What makes Reed so successful?
54:54 Hard work: does it matter?
01:01:13 How to find the perfect product-market fit
01:06:10 The moment Netflix turned on subscriptions it changed everything
01:12:35 How many tests should we be conducting?
01:14:15 Getting employees to conduct more tests
01:15:57 Your dad passing away
01:21:57 The dot-com crash
01:25:00 Getting the call from Blockbuster to buy Netflix
01:32:36 Blockbuster nearly took Netflix down, until their CEO left
01:36:40 Leaving Netflix
01:41:46 Netflix culture
01:52:56 Your relationship and commitment to date nights
01:59:12 The last guest’s question

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[TheDiaryOfACEO]

The DOAC subscriber raffle is staying open until we hit 7 million subscribers where we will announce money can't buy prizes... If you're subscribed to the channel you're in the raffle, we will be picking subscribers at random 🎉 Good luck!

[youtubeone]

That was powerful when he said "We only care that you get the job done and if you can do it by only working 6 hours a week then more power to you". That is very appealing to most people.

[dawsondanny]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[vusanichirwa]

This has been a masterclass in entrepreneurship!It’s a powerful example of how entrepreneurship involves a blend of vision, adaptability, and strategic decision-making!

[petrolene_performancecoach]

51:35 "I stopped searching for a way to do it that doesn't hurt". What a profound statement.

[jasonjones]

This guy seems like the perfect boss, gives people freedom to be creative and accountable, flexibility to live life around work, inspire you to develop professionally and just generally understanding. Just ordered his book to learn more. Great podcast.

[munyaradzijani]

Definitely one of the best podcast episodes I’ve ever watched. As a young entrepreneur in Africa, this just super inspired me. Thank you Steve and Marc 🙏🏾

[dejesus]

Marc spoke to my MBA class and I couldn't believe how real he was. He wasn't trying to cultivate some persona, he was just an entrepreneur with a ton of experience. He was an open book. It was refreshing and inspiring! Thanks Marc!

[MarcoAlessandra-nsxh]

Thanks for this wonderful opportunity I got through your channel and I love and appreciate your words of encouragement.

[irini]

probably one of your best podcasts.somebody said it in the comments above 'this is a good man'.
obviously he is very smart, creative, bold, perseverent but what is indeed striking is exactly that the guy is honest, humble, human.we do not appreciate it as much as we should.being a good person.

[GameTheNerd]

I don't normally comment but watch a lot of DOAC videos. I Wanted to say that some of the topics in other videos seem off track in regard to the podcast's intent, and that this interview was what I originally came to this channel for. The questions were directed towards the highs and lows of the business and did not stray too far off course with unrelated topics. MORE OF THIS PLEASE.

[tcortez_]

On the contrary, I believe this assertion is right. I worked tirelessly every day for 25 years and was only able to save $47k after decades of hard work. It wasn't until I fueled my goals into stock investments with the help of an advisor that I made up to $670k sitting in my portfolio. I passionately believe that working smart is better than working hard.

[afrocubanrican]

I have an MBA and I hope Business Schools use your podcasts for teachings. You provide the best free education through dialogue exchange. Thank you.

[TamaraJoy]

My life and career has nothing to do with entrepreneurship or business BUT, I was glued to every word he said! There was SO much incredible wisdom and inside information about how businesses start and the ups and downs of trying to make them a success. He is a great communicator and a super nice guy!
I’m also old enough to remember joining Blockbusters when they first launched… and yes, I HATED the late fees.😂..

[Toji-San]

It's quite fascinating that you can learn and relearn so many things through another person's experiences but it takes ages for us to learn certain things from ourselves.

[kyabetsu_yasai_judy]

Marc comes across as a very modest, reflected and honest person. I also learned a lot from the episode.

[markdance]

I love the total honesty of this content and channel- always a very good watch . Mark comes across as someone I’d enjoy watching for

[undefined-andrew]

The mainstream advice on making money is overrated. The best thing you can do is invest in your own knowledge. Books are the ultimate learning tool. For instance, The Hidden Truths Of Wealth by Oliver Mercer gave me the foundation to start my first business and separate myself from 90% of people.

[AbbeySnooks]

I think I learned more about how to be an entrepreneur from this talk than in my two year business studies course!

[eakiwinz]

I like these ceo interviews better than the health ones that are already everywhere.