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

00:00 - MAPS NO B.S. 6-Pack Giveaway 01:07 - Are your born to be an entrepreneur or is it something that can be developed? 02:49 - Why would you want to be an entrepreneur? 06:00 - An example of colliding your idea with reality. 11:18 - The birth of Netflix. 15:12 - The evolution of his relationship with Reed Hastings. 21:14 - Was Netflix laughed out of the room pitching their idea to Blockbuster? 29:30 - How did they generate enough revenue to stay afloat during those dark days? 31:44 - Why if these companies do not have the courage to disrupt themselves, someone else will do it for them. 35:55 - The importance of being comfortable with uncertainty. 38:45 - How if you don’t know what you want, the opportunity of getting it is very slim. 42:00 - Why you should never fall in love with your ideas. 45:07 - Why there is no substitute for trial and error. 46:09 - What is success if not the ability to go and spend your day with the things you love? 48:40 - What characteristics does he look for in an entrepreneur? 50:25 - The distinct layers of scaling a business. (51:10) 55:25 - His take on the two different models of streaming. (56:10) 59:15 - The essential ingredient of the algorithm. 1:00:50 - The interesting dynamic of the growing podcast space. 1:04:00 - What up and coming businesses excite him? Related Links/Products Mentioned July Promotion: MAPS HIIT and the No BS 6-Pack Formula 50% off! **Promo code “JULYSPECIAL” at checkout** http://www.mapsfitnessproducts.com/ Visit ChiliPad for an exclusive offer for Mind Pump listeners! https://www.chilisleep.com/mindpump That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea https://amzn.to/3e4q4Xu That Will Never Work Podcast https://marcrandolph.com/podcasts/ Mind Pump Podcast – YouTube https://www.youtube.com/channel/UCq0hKkwnW5Cw1wQqu455WrA Mind Pump Free Resources http://www.mindpumpfree.com/ Featured Guest/People Mentioned Marc Randolph (@thatwillneverwork) on Instagram Https://www.instaram.com/thatwillneverwork Reed Hastings (@reedhastings) on Twitter Https://www.twitter.com/reedhastings CONNECT WITH US: INSTAGRAM: http://bit.ly/mindpumpmedia TWITTER: http://bit.ly/2vN1qpE FACEBOOK: http://bit.ly/2vq95cd SHOP MIND PUMP: http://bit.ly/2uvQY6b PRIVATE FACEBOOK GROUP: http://bit.ly/2vuntia PODCAST: iTUNES - http://apple.co/2vMEPcA STITCHER - http://bit.ly/2hQSIAS

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