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Home›Authors›Marc Randolph
American - Businessman Born: April 29, 1958American - Businessman - Born: 4/29/1958
No one knows what's a good idea or a bad idea until you try it. - Marc Randolph
No one knows what's a good idea or a bad idea until you try it.Marc Randolph
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IdeaBadGood Idea
If you apprentice yourself to the smartest people who will take you seriously, you will learn at every step. You'll learn their special language. You'll see what real people do. Your interests might surprise you. They will evolve. And you'll be well-positioned to take advantage of whatever opportunity life throws your way.Marc Randolph
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OpportunitySurpriseStep
Some of my fondest memories of the early years of Netflix have to do with our efforts to figure out the most efficient, effective, and fast methods to get DVDs to people all over the country.Marc Randolph
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MethodsNetflixDvds
Like Netflix, Looker started as nothing more than an idea. Lloyd Tabb and Ben Porterfield were two brilliant engineers who had figured out a better way for businesses to see and analyze their data, and they asked me to join them to help out with the ABCs - that's short for Anything But Coding.Marc Randolph
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EngineersBetter WayJoin
I just always believed we would succeed. Even when everyone else said my ideas were ridiculous. Even when we were almost out of money. Even when the metrics were all upside down. I always have confidence that I'll figure something out. I just have that confidence that things are going to work out fine.Marc Randolph
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FineSucceedUpside Down
When we were kicking around the idea for Netflix in 1997, proving out an idea was expensive and labor-intensive. There was no Squarespace, no cloud. If you wanted a website, you had to build it from scratch. If you wanted an online store, you had to completely design it yourself.Marc Randolph
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BuildStoreScratch
I mean, at the simplest level, my entire background was in marketing, which largely is about understanding a customer, being able to be intuitive, being able to be empathetic.Marc Randolph
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BackgroundLargelyCustomer
I am the luckiest guy you will ever meet. The most fortunate guy you'll ever meet.Marc Randolph
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FortunateLuckiest
People imagine that Netflix sprang fully formed into a global streaming giant, but Netflix might have been personalised sporting goods - or customised shampoo - or even pet food, since these were all ideas that I pitched Reed Hastings in those first months.Marc Randolph
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StreamingReedGlobal
Companies have centers of gravity. Where they are is part of their identity.Marc Randolph
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IdentityGravityCenters
That Will Never Work' is my chance to share all the secrets I've accumulated in a 40 years career as a entrepreneur - secrets that can help anyone turn their dream into a reality.Marc Randolph
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AccumulateSecretsEntrepreneur
Now, I love a good factory tour. Drop me into a bottling plant, an automotive assembly line, or a jellybean factory, and I'm happy as a clam at high tide.Marc Randolph
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TourDropPlant
My first real job lasted for three years. It ended the day I was unceremoniously fired.Marc Randolph
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Real JobFiredLasted
Risk taking in business is one thing. Risk taking in your personal safety is a different thing.Marc Randolph
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Different ThingSafetyRisk
Back in the early days at Netflix, it wasn't unheard of for me to tell prospective hires that I could see our stock going to a hundred dollars someday.Marc Randolph
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UnheardProspectiveEarly Days
In fact, I'm happy to go on record as saying that the ability to create a reality distortion field is right up there alongside optimism as an entrepreneur's most valuable weapon.Marc Randolph
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ValuableOptimismEntrepreneur
I'm not a 'but' man. Nothing good ever comes of that word.Marc Randolph
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Who knows what form storytelling will take in the future?Marc Randolph
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Storytelling
People are always advised to follow your dreams, but in 'That Will Never Work' I show them how!Marc Randolph
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AdvisedYour DreamsYour Dream
Luck was a huge part of the Netflix story.Marc Randolph
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LuckHuge Part
Companies become what they want to become.Marc Randolph
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No one has ever asked me to give a graduation speech. But in my years of working with aspiring entrepreneurs, many of them in college, I've gotten used to giving advice.Marc Randolph
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Giving AdviceEntrepreneursAspiring
It was a long, circuitous route from my mom's real estate business to Netflix. It didn't happen overnight. Or in a year. Or even in ten years. But it happened.Marc Randolph
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OvernightReal EstateTen Years
Collaborative decision-making is very poor in crises.Marc Randolph
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CrisesPoorDecision-Making
When I was 23, I was quite possibly the worst real estate agent in New York. I was working for my mother's agency in Chappaqua, and no one was buying houses. In eight months, I made zero sales. I rented one apartment.Marc Randolph
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New YorkWorkingMonths
Like most people in 1997, I hadn't ever even seen a DVD, much less watched one.Marc Randolph
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Dvd
The lessons I learned starting Netflix - and over a lifetime of entrepreneurship - are broadly applicable to anyone with a dream.Marc Randolph
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NetflixEntrepreneurshipApplicable
I'm not sure I want to preserve the old ways just for the sake of saying, 'I don't believe in change.'Marc Randolph
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PreserveOld WaysSake
I'm not a glass-half-full optimist. I'm a glass-overflowing optimist.Marc Randolph
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Optimist
The simple reason I like every idea is that I'm an optimist.Marc Randolph
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SimpleOptimist
Silicon Valley loves a good origin story.Marc Randolph
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ValleySiliconOrigin
It used to be true that to succeed in the creative class, you had to move immediately to where the action was. It was how you made connections, how you got auditions, how you found an audience and funding and some attention for your craft. But not anymore.Marc Randolph
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CraftImmediatelyFunding
One of my bywords is that nobody knows anything, including me.Marc Randolph
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Pitching a concept well is certainly important, but ultimately you have to build it.Marc Randolph
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ConceptPitching
The real story of Netflix is complicated: an epic tale full of struggle, disappointment, drama, humor, and achievement.Marc Randolph
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EpicComplicatedStruggle
I'm this big believer that culture is not what you say, it's what you do. Who cares about your PowerPoint and about what you've carved into your cornerstone? If it's not being modeled, it won't be readable.Marc Randolph
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BelieverCaresCornerstone
At a startup, it's hard enough to get a single thing right, much less a whole bunch of things. Especially if the things you are trying to do are not only dissimilar but actively impede each other.Marc Randolph
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BunchActivelyStartup
Diversity is not a skin thing, necessarily. Diversity is you have people around the table who have different backgrounds and different experiences and think differently.Marc Randolph
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TableBackgroundsDiversity
When I first met Jeff Bezos back in the late 90s, the only automated thing in his office was a rotating fan, gently blowing across a pair of identical blue shirts he'd hung on a water pipe behind his desk.Marc Randolph
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IdenticalGentlyPipe
Most people who have ideas, those ideas sit in their head forever until they eventually die.Marc Randolph
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Eventually
That Will Never Work' is the untold story of Netflix. It's how a handful of people, with no experience in the video business, went from mailing a used Patsy Cline CD and ended up with a publicly traded company.Marc Randolph
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HandfulCdTraded
Most people have a kind of survivor bias about luck. When something wonderful happens - when preparation meets opportunity, with excellent results - we think: 'How lucky!' But we don't usually acknowledge all the times when things just... fizzle out. All the times when preparation comes to nothing.Marc Randolph
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ExcellentPreparationAcknowledge
As a student I'd done work with a charity that took inner-city kids from disadvantaged areas and introduced them to hiking and climbing in the wilderness.Marc Randolph
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WildernessDisadvantagedCharity
As Looker got larger, the talented people we hired started to see things that we couldn't. And what had looked like a company the three of us could run out of our houses for a few hours a day became something bigger. Much bigger.Marc Randolph
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HiredTalented PeopleLarger
Every successful career I've ever known was filled with long periods of meandering, months or even years when no one knew what would happen next. Look at me: I started as a geology major turned failed realtor.Marc Randolph
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PeriodsGeologyLong Period
Here's a simple truth: When you surround a good idea with brilliant people, it changes. No matter how much you plan, great ideas have a mind of their own.Marc Randolph
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IdeaBrilliantChanges
When entrepreneurs talk about their success, they rarely talk about luck. I think that's because most of them think the concept denigrates the hard work and smart thinking they put into their projects. But luck is a huge part of any successful business.Marc Randolph
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SmartSuccessfulTalk
With people, if you see something you want to change, you can make the change immediately. And if that doesn't work, you can change it again half an hour later. You can't do that with a robot. They're terrible at experimenting.Marc Randolph
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TerribleImmediatelyHour
When someone uses 'low eight figures,' that means barely eight figures.Marc Randolph
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EightUsesFigures
When a company gets bigger, when it begins to bring on employees, it naturally goes through this tendency of wanting to control, of wanting to build process - essentially to say not every one of our customers or employees has great judgment.Marc Randolph
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EssentiallyWantingNaturally
Negotiation is empathy. It's almost trite to say that if you can't put yourself in the seat of the other person you're speaking with, you're not going to do well. It's not about being a bully, not about making offers people can't refuse.Marc Randolph
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OffersSeatRefuse
By being courageous enough to state the difficult truth, the most important reputation that you will preserve is your own.Marc Randolph
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PreserveReputationCourageous
One of the key lessons I learned at Netflix was the necessity of focus.Marc Randolph
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NecessityKeyLessons
You pick what your customers want, not what your entrenched business model may require you to do.Marc Randolph
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EntrenchedBusiness ModelPick
There's nothing worse than the guy who at the party goes, 'Oh, I had that idea two years ago.' Well, then, why didn't you do something two years ago?Marc Randolph
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Years Ago
As software began to be sold to people who would never consider themselves technical, it suddenly became clear that you needed people who spoke their language.Marc Randolph
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SoftwareSuddenlySold
Culture is a critical piece of success.Marc Randolph
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Critical
I played second base.Marc Randolph
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In 'That Will Never Work,' I give readers a clear-eyed insider's look into how one of the least likely startups grew into one of the world's most successful companies.Marc Randolph
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StartupsInsider
Long story short: I didn't start out thinking I'd be a tech entrepreneur.Marc Randolph
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Long StoryTech
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