Though he has a lot on his plate, Randolph believes it’s important to pay it forward like those who have done the same for him. and hosting a podcast, he’s also a judge and investor on Entrepreneur Magazine’s Elevator Pitch web series.) (In addition to being on the board of Cheeze Inc. In truth, it’s surprising Randolph has time to help mentor others considering his busy schedule. Randolph also dishes out valuable advice on his top-10 Apple podcast, “That Will Never Work,” in which he speaks with aspiring entrepreneurs about topics ranging from how to raise money, forming boards to mental stress.
It was a terrible idea, but by testing it, you begin to figure out why it’s a bad idea and you get insights into new things to try.” “This great idea we had for doing video rental by mail - the idea that everyone told me that will never work, that my wife thought was a terrible idea - well, surprise, surprise: They were all right. “What you learn is that there’s no such thing as a good idea,” he explained. “We couldn’t afford furniture, so we went down to Costco and bought card tables and beach chairs from home.”Ĭelebrity Charity: Stars Who Use Their Influence to Give BackĮventually, Randolph helped turn the mail-order DVD service into the streaming giant with 200 million subscribers that now produces its own TV shows and movies - but it wasn’t without a little trial and tribulation. “There was dirty green carpet on the floor,” the New York native, 64, recalled of the companies’ humble beginnings. Case in point: After founding MacUser magazine, he and his team launched Netflix in 1994 - then a 12-person startup - from their offices held in an old bank building. Randolph is no stranger to taking crazy ideas and making them a reality.
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