Tag: Marc Randolph

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Netflix Co-Founder Marc Randolph on Gut Instinct vs. Data-Driven Decisions 0 (0)

When it comes to decision-making, should you follow the numbers or your heart? What’s more important to good decision-making, data or your instinct? “The truth is, you need both,” says entrepreneur, investor, mentor and Netflix co-founder Marc Randolph.  “Data is great, in that it can give you absolute certainty that the red button does 2.7% better than the blue button. But it will never tell you which of the 16.7 million colors you should test,” he explains. The best thinkers, says Randolph, use data to inform their intuition, to explore and then validate their assumptions. “You are trying to create a [See More…]

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Does Your Startup Have the 3 Things Netflix Co-Founder Marc Randolph Wants to See in an Investment? 0 (0)

Here are the key components that the renowned entrepreneur looks for in new investment opportunities. Entrepreneur, investor, mentor and Netflix co-founder Marc Randolph has been investing in startups for a long time, and says that when choosing a company to invest in, he looks for three things: 1. The people 2. The people 3. The people “I’ve learned that it is almost impossible for me to know, based on the technology or the goto market strategy, what’s going to work,” says Randolph. “But if I find the people who have the persistence and the creativity to keep on trying until they finally figure it [See More…]

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The Key to Managing a Remote Team? Stop Managing, Says Netflix Co-Founder Marc Randolph. 0 (0)

Managing remote teams is all about aligning goals and getting out of the way, according to the entrepreneur. Entrepreneur, investor, mentor and Netflix co-founder Marc Randolph is no stranger to managing remote teams. In fact, he says that Netflix has never relied on a face-to-face management structure. At the beginning of any business endeavor, he says, there are just too few people to do too many things. “This is not a time for commanding control. All you can do is say, ‘See that hill over there? I’ll meet you there in three weeks.’,” explains Randolph. Netflix called this management style “loosely coupled, [See More…]

Entrepreneur Magazine People & Blogs

Netflix Co-Founder Marc Randolph Says There Is No Such Thing as a Good Idea 0 (0)

Stop planning and start doing says the entrepreneur and investor. It might be surprising to learn that entrepreneur, investor, mentor and Netflix co-founder Marc Randoph says that there is no such thing as a good idea. “Spending a lot of time trying to validate an idea, doing research and doing planning is a waste of time,” he says. “What you need to do is immediately collide your ideas with reality.” And not just once, he implores, but “hundreds if not thousands of times.”  Randolph, author of That Will Never Work: The Birth if Netflix and the Amazing Life of an Idea, https://marcrandolph.com/the-book/, [See More…]