Marc Randolph
Marc Randolph | |
---|---|
Hamilton College | |
Occupation(s) | Cofounder and former CEO of Netflix |
Spouse |
Lorraine Kiernan (m. 1987) |
Children | 3 |
Family | Bernays family |
Marc Bernays Randolph (born April 29, 1958) is an American tech entrepreneur, advisor and speaker.[1] He is the cofounder and first CEO of Netflix.[2]
A serial entrepreneur who is said to have helped found the U.S. edition of Macworld magazine and the Ordinal computer mail-order businesses MacWarehouse and MicroWarehouse,[3] Randolph now serves on the boards of Looker Data Sciences and Chubbies Shorts. He previously served on the boards of Getable, Rafter, ReadyForce.
Randolph, who has experience as a mountain guide, is the chairman of the board of trustees of the National Outdoor Leadership School (NOLS) in Lander,[4][5] Wyoming and a board member of the environmental advocacy group 1% for the Planet.[6]
Early life and education
Randolph was born to a
Career
Early career
Randolph's first job out of college in 1981 was at
Randolph spent the dawn of the Internet age building direct-to-consumer marketing operations at software giant
Netflix
Randolph wanted to replicate the e-commerce model pioneered by online bookseller
The subscriber data collected by the user interface fed a recommendation engine known as Cinematch, that helped manage the company's limited DVD inventory by guiding subscribers to movies and TV shows that were in stock and generally away from new releases.[25]
Randolph ceded the CEO post to Hastings in 1999 and turned to product development. He and founding team member Mitch Lowe tested a concept for a movie rental kiosk called Netflix Express that Lowe later turned into movie kiosk giant Redbox after Hastings rejected it as a line of business.[26] Randolph left Netflix in 2002 after helping guide the company through its initial public offering two years earlier.[15][27] He credited Hastings with successfully scaling the company to 93 million subscribers worldwide,[28] and said he preferred the start-up stage.[29] "At the beginning, it's very much triage. If there are a hundred things broken and you need the skill to pick the three you've got to fix, I'm really good at that. I'm not good at the other ninety-seven," Randolph said.
After Netflix
Since his departure from Netflix, Randolph has served as a mentor at MiddCORE[30] and a board member of Looker Data Sciences.[31] He is also Entrepreneur in Residence for High Point University and its Belk Entrepreneurship Center.[32] In addition to his mentorships he is a keynote speaker, focusing on entrepreneurship, leadership, and innovation. He travels the world speaking about his experience with Netflix and the lessons he has learned from his other startup investments.[33]
In September 2019, his book, That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea was published by Little, Brown and Company.[34][35]
Personal life
Randolph has been married to Lorraine Kiernan since 1987. They have three children. He now lives in Santa Cruz, California.
References
- ^ "Marc Randolph, Founder at Looker Data Sciences, Inc. - Relationship Science". Relationship Science. Retrieved 2017-09-19.
- ^ "First Online DVD Rental Store Opens: Netflix Site Offers Unprecedented Title Selection, Availability and Convenience". Business Wire. April 14, 1998. Archived from the original on February 25, 2017. Retrieved February 24, 2017.
- ^ a b Keating 2012, p. 19.
- ^ Randolph, Marc. "Netflix Co-Founder Marc Randolph on Leadership and How to Learn It". Retrieved 2017-09-19.
- ^ "NOLS | Our Team". www.nols.edu. Retrieved 2017-09-19.
- ^ "Board of Directors - 1% For The Planet". www.onepercentfortheplanet.org. Archived from the original on 2017-09-27. Retrieved 2017-09-19.
- ISSN 0362-4331. Retrieved 2023-12-24.
- ^ "Paid Notice: Deaths RANDOLPH, STEPHEN B." New York Times. March 16, 2000.
- ^ Rose, Derek (March 16, 2004). "W'chester Granny Dies on Viet Trip". New York Daily News.
- ^ Keating 2012, p. 17.
- ^ ISBN 9781591846598.
- ^ Keating 2012, p. 88.
- ^ “DVD Rentals With No Late Fees, Netflix, Others Are Challenging Video-Store Supremacy.” USA Today, June 19, 2001.
- ^ Keating 2012, p. 11.
- ^ a b Xavier, Jon (2014-01-08). "Netflix's first CEO on Reed Hastings and how the company really got started | Executive of the Year 2013". www.bizjournals.com. Retrieved 2018-01-30.
- ^ "Rational Software Announces Agreement to Acquire Pure Atria". PR Newswire. April 9, 1997. Archived from the original on February 25, 2017. Retrieved February 24, 2017.
- ISSN 0362-4331. Retrieved 2018-01-30.
- ^ Xavier 2014.
- ^ Keating 2012, p. 20.
- ^ Keating 2012, pp. 8–9.
- ^ Keating 2012, p. 9.
- ^ Booth, Georgina (2023-07-14). "When Creativity Meets Crypto: Interview With Netflix Co-Founder And Founding CEO, MARC RANDOLPH, And Trustless Media Co-Founder ZACK GUZMAN On Crypto's Innovative, Entertaining And First Community-Owned Media Outlet COINAGE". Mashable (in Dutch). Retrieved 2024-01-16.
- ^ "Amended and restated certificate of incorporation". Securities and Exchange Commission. Retrieved February 13, 2017.
- ^ "Netflix Launches All you Can Watch DVD Rental Program". PR Newswire. February 14, 2000. Archived from the original on August 25, 2017. Retrieved February 13, 2017.
- ISSN 0362-4331. Retrieved 2018-01-30.
- ^ Keating 2012, pp. 83–84.
- ^ "Netflix Announces Initial Public Offering". Archived from the original on February 20, 2009. Retrieved February 13, 2017.
- ^ "Q4 16 Letter to Shareholders" (PDF). Archived from the original (PDF) on February 25, 2017. Retrieved February 17, 2017.
- ^ "Did Netflix screw up? I don't think so. : Marc Randolph". marcrandolph.com. Archived from the original on 2017-12-24. Retrieved 2017-09-19.
- ^ "MiddCORE extends its invitation to UMass students". The Massachusetts Daily Collegian. 2016-03-09. Retrieved 2017-05-23.
- ^ “Marc Randolph.” Relationshipscience.com. http://relationshipscience.com/marc-randolph-p5005647 Accessed Feb. 13, 2017.
- ^ University, High Point. "Netflix Co-Founder Marc Randolph Joins HPU as Entrepreneur in Residence, High Point University | High Point University | High Point, NC". www.highpoint.edu. Retrieved 2017-10-29.
- ^ "Marc Randolph Keynote Speakers".
- OCLC 1089967254.
- ^ Stankiewicz, Kevin (17 September 2019). "Netflix co-founder says he 'loves what's happening' with streaming wars". CNBC. Retrieved 22 September 2019.