Estimated reading time: 4 minutes
Marc Randolph is a incredibly charismatic. In fact, if I were to build a list of top business people to follow on Tiktok, he’d be listed high. Much like his TikTok, his book That Will Never Work, the story of Netflix, is light-hearted and entertaining.
There’s a unique aspect to That Will Never Work by Marc Randolph that you don’t typically see in business autobiographies. When the book starts, both Marc Randolph and Reed Hastings, the co-founder and long-time Netflix CEO, are already successful. Reed especially, who has also accomplished the rare feat of being involved in the sale of a company, with Pure Altria. Ultimately after numerous ideas, and many car rides together brain storming, the two ended up founding Netflix, initially with the author of the book, Marc Randolph, as the CEO.
While the organization was founded from a place of comfort, not everything was easy. The company experienced numerous failures, even a launch day server crash. More disastrously, they also once sent out porn to subscribers by mistake, when they were instead trying to send out a copy of the Monica Lewinsky trial.
Of course, the greatest failure mentioned in the book may be on the side of Blockbuster, who turned down acquiring Netflix for just $50 million. 20 years later, and Netflix now has a market cap of $100 bil+… and Blockbuster has a single store in Bend, Oregon.[continue reading…]