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?