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About Marc Randolph
Although best known for starting Netflix, Marc's career as an entrepreneur spans more than four decades. He's founded or co-founded more than half a dozen other successful start-ups, mentored rising entrepreneurs including the co-founders of Looker Data which was recently sold to Google for $2.6B, and invested in numerous successful tech ventures.
He is a frequent speaker at industry events, works extensively with young entrepreneur programs, sits on the board of the environmental advocacy group 1% for the Planet, and chairs the National Outdoor Leadership School's Board of Trustees.
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Once upon a time, brick-and-mortar video stores were king. Late fees were ubiquitous, video-streaming unheard was of, and widespread DVD adoption seemed about as imminent as flying cars. Indeed, these were the widely accepted laws of the land in 1997, when Marc Randolph had an idea. It was a simple thought-leveraging the internet to rent movies-and was just one of many more and far worse proposals, like personalized baseball bats and a shampoo delivery service, that Randolph would pitch to his business partner, Reed Hastings, on their commute to work each morning.
But Hastings was intrigued, and the pair-with Hastings as the primary investor and Randolph as the CEO-founded a company. Now with over 150 million subscribers, Netflix's triumph feels inevitable, but the twenty first century's most disruptive start up began with few believers and calamity at every turn. From having to pitch his own mother on being an early investor, to the motel conference room that served as a first office, to server crashes on launch day, to the now-infamous meeting when Netflix brass pitched Blockbuster to acquire them, Marc Randolph's transformational journey exemplifies how anyone with grit, gut instincts and determination can change the world-even with an idea that many think will never work.
What emerges,though, isn't just the inside story of one of the world's most iconic companies. Full of counter-intuitive concepts and written in binge-worthy prose, it answers some of our most fundamental questions about taking that leap of faith in business or in life: How do you begin? How do you weather disappointment and failure? How do you deal with success? What even is success?
From idea generation to team building to knowing when it's time to let go, That Will Never Work is not only the ultimate follow-your-dreams parable, but also one of the most dramatic and insightful entrepreneurial stories of our time.
En el año 2000, Marc Randolph y Reed Hastings pasaban por uno de sus peores momentos personales. La empresa en la que habían invertido todos sus ahorros, esfuerzos y dos años de trabajo estaba a punto de naufragar. Su idea de crear una empresa de alquiler de DVD por correo sin multas por retornos tardíos, a pesar de su éxito moderado, se demostraba incapaz de dar beneficios. Tomaron entonces medidas desesperadas.
Viajaron a Dallas para ofrecérsela a su mayor competidor, Blockbuster, por 50 millones de dólares. La respuesta fue tajante: «Largaos».
Hoy Netflix tiene un valor de 150.000 millones de dólares y Blockbuster…, en fin, está donde está.
Tomando su propia historia como ejemplo, Randolph nos descubre el camino al éxito partiendo de una idea fundamental: nadie sabe nada.