The DOAC subscriber raffle is staying open until we hit 7 million subscribers where we will announce money can't buy prizes... If you're subscribed to the channel you're in the raffle, we will be picking subscribers at random 🎉 Good luck!
He once talked about the book Forbidden Laws of Wealth by Victor Hayes and can’t believe how underrated it is. The insights in this book are game-changing definitely deserves more attention!
That was powerful when he said "We only care that you get the job done and if you can do it by only working 6 hours a week then more power to you". That is very appealing to most people.
This is something that made sense to me since I entered the work force. I could never work for an employer who made me do pointless tasks because I was on the clock.
Sounds nice for their branding (which is the reason they say that) but doesn't work like that in real life. The work they give you will require much more of your time so you will end up working hard anyway
😂 it does not work like that! I worked for several big companies. If you can do your tasks in 6 hours, it means you are reliable & good at your job. You will just receive more tasks 😂 But there are always guys who will do the tasks you do in 6 hours in 2 to 3 working days. They will not receive more taks, belive me. You will be the person who will get overworked 🥂 cheers to the effecient employee!!!
I’ve done this throughout my entire mgt career and it depends a lot on being a successful middleman, which many are not. You have to sell executive mgt. on the fact that the goals will be met as promised, and ensure that those goals are easily attainable by your team so they can attain them with a reasonable/minimal amount of work. This applies mostly to knowledge work. That sale is more an art than a science.
On the contrary, I believe this assertion is right. I worked tirelessly every day for 25 years and was only able to save $47k after decades of hard work. It wasn't until I fueled my goals into stock investments with the help of an advisor that I made up to $670k sitting in my portfolio. I passionately believe that working smart is better than working hard.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
I would like to ask, how did you achieve it? I've been trying to stick with index funds. I feel these new interest rate hikes could crash the economy. I'm looking for a better investing strategy, as I have a lump sum that inflation is steadily eating up.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith B Richards’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I looked up her name and found her website. Her credentials are really great with good reviews. Thanks for sharing! I've already reached out to her via email.
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
The rich Invest in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment...
I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Definitely one of the best podcast episodes I’ve ever watched. As a young entrepreneur in Africa, this just super inspired me. Thank you Steve and Marc 🙏🏾
Marc spoke to my MBA class and I couldn't believe how real he was. He wasn't trying to cultivate some persona, he was just an entrepreneur with a ton of experience. He was an open book. It was refreshing and inspiring! Thanks Marc!
This has been a masterclass in entrepreneurship!It’s a powerful example of how entrepreneurship involves a blend of vision, adaptability, and strategic decision-making!
This guy seems like the perfect boss, gives people freedom to be creative and accountable, flexibility to live life around work, inspire you to develop professionally and just generally understanding. Just ordered his book to learn more. Great podcast.
The real deal boss doesn’t have people working for him/her, they work with him/her as a team. The boss is there to serve them and make them be their best everyday day.
I don't normally comment but watch a lot of DOAC videos. I Wanted to say that some of the topics in other videos seem off track in regard to the podcast's intent, and that this interview was what I originally came to this channel for. The questions were directed towards the highs and lows of the business and did not stray too far off course with unrelated topics. MORE OF THIS PLEASE.
The mainstream advice on making money is overrated. The best thing you can do is invest in your own knowledge. Books are the ultimate learning tool. For instance, The Hidden Truths Of Wealth by Oliver Mercer gave me the foundation to start my first business and separate myself from 90% of people.
probably one of your best podcasts.somebody said it in the comments above 'this is a good man'. obviously he is very smart,creative,bold,perseverent but what is indeed striking is exactly that the guy is honest,humble,human.we do not appreciate it as much as we should.being a good person.
My life and career has nothing to do with entrepreneurship or business BUT, I was glued to every word he said! There was SO much incredible wisdom and inside information about how businesses start and the ups and downs of trying to make them a success. He is a great communicator and a super nice guy! I’m also old enough to remember joining Blockbusters when they first launched… and yes, I HATED the late fees.😂..
This was an amazing episode! Thank you so much team DOAC for bringing Marc on, and thank you Marc for your generosity in sharing your wisdom. This episode came at the perfect time🙏🏽
You know we currently have Netflix in our house. I was a massive fan of Blockbusters. Weirdly, I have never heard of Marc Randolph. Absolutely love his authenticity, honesty and candour. Thank you Steve and Marc for another epic episode.
Can't believe these valuable pieces of advice are provided for free. As a young entrepreneur in Vietnam, trying to navigate all the challenges of starting a business, I'm deeply grateful for your time and efforts in making all this happen. I've learned a lot from this episode.
It's quite fascinating that you can learn and relearn so many things through another person's experiences but it takes ages for us to learn certain things from ourselves.
Yes that is correct. Because you see him in a third person view. Most people can't reflect or have a sense of out of their own body experience. Also people are too prideful to ask others how they are perceived. In their conversation he said that he didn't like to be criticised or shown from his colleague in the PowerPoint where he was wrong. It was only when he stepped down for the greater good that he was grateful that he diminished his ego. The same thing happened when he was mentioning his girlfriend in order to transition to becoming his now wife. From my own experience I had a tremendous boost in skill when I was watching myself dancing. I am a bachata salsa dancer/instructor and saw the difference, in mannerisms and behaviour with people in general not only in skill. Therapy also works, talking to people and taking bad and good feedback works, journaling works, meditation works. Manifestation works. 2 books that I 've read that helped me tremendously were Attached (The New Science of Adult Attachment and How It Can Help You Find and Keep Love) and Psycho Cybernetics.
What a beautiful, informed and ubiquitous response to the handling of tough conversations (40:46 min) my goodnest, yes! thats what it is, pure and raw empathy, Marketers and Sales people are optimistic in nature, they are always going in expecting a positive outcome. I can now imagine if you had to ask them to deliver bad news,,,, they'd probably design a campaign around it just to prepare a soft landing. Kudos to the presenter for the way he asked the question.
I watch the podcast everyday, this is my first ever comment. This was a great episode. It's unbelievably valuable. Obviously all the episodes are great, but this one is top notch
It is so great to have some real entrepreneur content on this channel again. The lifestyle stuff is cool but for me this is what the show is all about. Titans of industry open up to Steve because he's been on their journey. That's the unique appeal of the Diary of a CEO for me. More please!
Agree! This episode is the literal definition of "Dairy of a CEO", a golden one that learnt and reflected and more importantly, shared openly, not glorified
to every STAR aspiring entrepreneur looking for a SIGN to start their great journey. THIS IS IT! THE IDEAS IN YOUR HEAD EXIST FOR A REASON. YOU CANNOT ALWAYS BE THE BEST BUT YOU CAN ALWAYS DO YOUR BEST!!! NOW GO GET THEM, SOLDIER!! LOVE AND LIGHT.
I didn’t hear it that way. I heard that it was the quantity that was the issue. To much empathy leads to not doing what is needed emotionally. It was hindering him not helping. Like a parent that never punished their kids because punishment feels bad. Bad team members must be corrected quickly or let go. If empathy was stoping that process or even slowing it down that’s not good. And the meeting shows this. His partner notice the failure and addressed it no matter how it made them feel. And it was for the better.
@@centurialinc And where has it gotten us as a society? People are more miserable as a whole than ever today. There's more division, we're working longer hours. Standards of living may have increased but I can assure you that happiness and overall well-being has signficantly decreased and the rise of most adults being on multiple forms of medication just to regulate their mood proves it. It's a very sad state of affairs.
@@universesixhit642 That people are more miserable is a flaw of humanity itself. Human life has absolutely never been this good. A thousand years ago, half your siblings would've died before you became an adult. You may easily have died from some random plague, or some random drought. The world has never been very kind. And kinder societies have never expanded very far... Making them meaningless to history. But anyway, one of the bigger problems is that humans judge their own worth and happiness by comparing themselves to others... And these days, you can easily see far too many people who may be doing better than you.
@universesixhit642 That isn't what's being applied today, mass layoffs aren't the proper level of analysis, the problem originated well before the layoffs or the rat maze, why aren't executives incapable of maintaining a healthy pace of hiring that isn't cyclical even when the business is stable, why aren't the failed executives laid off when they make repeated mistakes and allowed to instead gut the company's future eventually ruining it for absolutely everyone, workers, owners and the customers.
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
One aspect I admire about Netflix's approach to running the company is their understanding of who builds their competitive advantage. They offer top salaries to attract talented engineers and UI/UX designers. Imagine being just a simple streaming platform, they’ve positioned themselves alongside tech giants like Meta, Amazon, Apple, and Google as a gold standard for engineers and ui/ux designers to aspire to work for.
He says his big regret is that he didn’t think of the idea to do the subscription model before 2 years, but the real beauty of it was that his idea came at the same time that DVDs were really gaining momentum. Would Netflix have survived if they were sending VCR tapes through the mail instead? That is a huge question that I’m not so sure they would have made it work!
They started Netflix when the DVDs started, as a pay per day of rental system, but the no late fees monthly subscription model was started much later. He was referring to that.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
2008 I was living in Denver and saw my first RedBox outside of McDonalds. then my friend showed me Netflix. He loved it because you could get up to 3 DVDs at a time and replace them in 2-3 days if you mailed them back fast enough. He was supper excited about the idea of a new movie each night after work....
This was such a good talk - I'd go as far as saying the most inspirational DOAC so far. Marc is such a genuine person - I don't think I have heard such a successful CEO be so humble in everything he said and the way he said it. I had kinda come to believe you need to be of a dominant, even selfish style to succeed as an entrepreneur, but Marc just crush that. You can be successful and nice! Steven - awesome job, you got the very best out of Marc.
One of my favourite episodes so far. Marc communicated his success and challenges with grace and humility, and I saw something different in Steve’s expression as he was listening too that made me wonder what he was thinking.
that opened my eyes in so many ways. I can't thank you enough. In general, this podcast format gave me so many ideas and helped me develop my personality
Worth 1000 MBA'S Steve......really thanks a ton for the podcast....you really have an absolutely amazing depth in your voice which makes the other person to reveal thier secrets and your questions are just spot on brother....love from INDIA❤
I loved how Mark emphasized the importance of humility and being open to feedback. It's so easy to get caught up in our own ideas and lose sight of what customers really want.
Netflix teaches us key business lessons: innovate constantly, prioritize customers, stay agile, make data-driven decisions, invest in quality content, and think globally!
Hard work doesn't matter. Struggles build an empire, do your best, leave the rest to the universe. Netflix literally proved that. Great interview, great conversation. I appreciate both of you Steven for doing it, and Marc for sharing.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly... Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them..
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
First, this is my go to podcast, so a super fan here. Commenting is something I have never done as I am a very private person, and this is completely not my area of expertise, but I got the sense from some of Steven’s follow up questions during the interview, that he was working through a list of pre-prepared questions that he had to ask, rather than rolling with the last answer from the guest. Almost as though there was a little impatience from our host that day…Just an observation, which may be used constructively if taken in the vein it is being given. Otherwise, thanks for the great guests and content DOAC team ❤.
Interesting conversation. What is also interesting to me is that often times I get "this guy is a psychopath" vibes from CEOs, but from what I can from these 2 hours is that this guy sounded like a great, empathethic human.
I think that Marc is such a wise self aware and honest person. He is also humble enough and increadibly mature to listen and understand to allow Reid to be CEO...That takes incredible strenght especially how complimentary he is about Reid. His fighting for balance in life. What a fantastic lesson from a great person...
This conversation is highly empowering. I learned so much here that I will review and watch for months. Many thanks for sharing and for communicating clearly and compassionately with each other. Cheers.
From $10K to $110K, that's the minimum range of profit return every week. I think it's not a bad one for me, now l have enough to pay bills and take care of my family.
This interview is brilliant! I’ve binge-watched so many of the videos on this amazing channel since discovering it only a week ago. Fabulous guest and, as always, fantastic interviewer ❤️
Wow, such a fascinating story. Really enjoyed hearing about the whole history, he's a great storyteller. I remember the Netflix envelopes coming in the mail back in the 90s. It was a game changer back then. Just drop the envelope in the mail, postage already on there.
What a quality human being to get to spend time with. Thank you so much for this awesome interview/chat.. and letting him just speak and not interrupting him and thereby losing out on any gold nuggets from all his wisdom and experience ❤❤❤❤
Steven you are always inspirational! We see your vision in both doac and Flight studio, that's why we made for you a video about why we'd like to join, we hope you'll see it!
Wow! This man can speak for hours and I’d stop everything to listen to him. He has a very great story telling angle to every conversation about his Netflix yrs about life. Even the last question, somehow he fit a story in there. I want to be able to do that. ❤
I could listen to Marc speak all day. Such a genuine person with an incredible journey. Thank you for your honesty. Thank you for sharing the ups and downs of being an entrepreneur.
I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
Sharon Marissa Wolfe is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Diary of a CEO has always been one of my favorite podcasts because of the content and Steven's questions, but I gotta say, I have definitely noticed in increase in production value. Cinematography and shots lookin super crisp. Great work to the production team!
@@marshmccarthyContent (strategy) is almost 100% different. They used to license big ticket movies and series, them then incumbent launched their own streaming services, so Netflix had to start producing their own content. Some love it, some hate it.
What a Masterclass in Startups. The Prototype Modeling and 1st Sale are magic. I've done it using a 3D modeling app and some copywriting on a sales page. That company (1990) ended up with millions in sales and 50 employees. Thanks to this podcast, I'm headed back to that aproach STAT!
Your first thought is not ‘how do I source and store that number of CDs’? It’s ‘can I send a CD in the post’ - of course you can send a CD in the post. This has already been tested in reality - no need to turn the car around…
I was one of Netflix's devoted customers when they mailed dvds. Three at a time meant one was coming in the mail, one was returning in the mail, and one was being watched. I watched a quality movie every night for five years in my comfortable home theater. I quit when they moved to streaming and selection was restricted. I didn't listen to this whole video but another thing that was great was their recommendation engine. It was very good at predicting what movies I'd like instead of just pushing whatever junk they currently had licensed to stream.
Netflix still in deep trouble. All the streamers are, How do I know? I cut several shows for them and half of Hollywood is laid off from a chaotic down swing.
This episode just dropped at the perfect time in my life, made one of the hardest decisions of my life and this has just confirmed I made the right choice. I Love the podcast Steven, it’s been changing my life since I first discovered you in November 2022 and became a massive driver for my personal growth and pursuit for entrepreneurship. I’m pretty sure by you were under a million subscribers then, congrats for when that 7mill hits🎉 and a massive thank you
I'm an amateur with a portfolio of 70k but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any stock suggestions?
Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
I agree. There's a lot of potential in the market. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
@@Miaisabelle-yk6rd That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
when you come from priviledges, obviously hard work don't matter, but you gotta fucking work hard first in order to get shit done fast. "Randolph was born to a Jewish family in Chappaqua, New York, the eldest child of Stephen Bernays Randolph, an Austrian-born nuclear engineer turned financial adviser and Muriel Lipchik of Brooklyn, New York who ran her own real estate firm. One of Randolph's paternal great-grand uncles was psychoanalysis pioneer Sigmund Freud. Another paternal great-uncle of Randolph was Edward Bernays, an Austrian-American pioneer in the field of public relations and propaganda." - Thanks WikiPedia
![일상 속 기분 좋음 [Proto disco meme]](http://i.ytimg.com/vi/DwmEIaZ7XGQ/mqdefault.jpg)
The DOAC subscriber raffle is staying open until we hit 7 million subscribers where we will announce money can't buy prizes... If you're subscribed to the channel you're in the raffle, we will be picking subscribers at random 🎉 Good luck!
1:30 Max mistakenly heard “ Diversity Raffle” the first time and thought “WTF?!!” 😅😅😅
@@TheDiaryOfACEO We also won and hope so much to have a chance to talk with you, it would be our greatest moment! Thank you for doing this!
Wish I could win been subscribed for a while now
Hi @TheDiaryOfACEO this appears to be an interesting interview thank you 🙏
15 Million to purchase the pedo company? WOW!
He once talked about the book Forbidden Laws of Wealth by Victor Hayes and can’t believe how underrated it is. The insights in this book are game-changing definitely deserves more attention!
I got it, truly a good book
I heard about that
@@meditim2032 it's you again. I see you've found a new genre to try and scam.
Warning, don't Google this book. This is a scammer.
This guy has hundreds of bot accounts to like his own comments, its a scam people, dont fall for it.
That was powerful when he said "We only care that you get the job done and if you can do it by only working 6 hours a week then more power to you". That is very appealing to most people.
This is something that made sense to me since I entered the work force. I could never work for an employer who made me do pointless tasks because I was on the clock.
Sounds nice for their branding (which is the reason they say that) but doesn't work like that in real life. The work they give you will require much more of your time so you will end up working hard anyway
😂 it does not work like that! I worked for several big companies. If you can do your tasks in 6 hours, it means you are reliable & good at your job. You will just receive more tasks 😂 But there are always guys who will do the tasks you do in 6 hours in 2 to 3 working days. They will not receive more taks, belive me. You will be the person who will get overworked 🥂 cheers to the effecient employee!!!
I’ve done this throughout my entire mgt career and it depends a lot on being a successful middleman, which many are not. You have to sell executive mgt. on the fact that the goals will be met as promised, and ensure that those goals are easily attainable by your team so they can attain them with a reasonable/minimal amount of work. This applies mostly to knowledge work.
That sale is more an art than a science.
This is ridiculous. The tasks necessary to keep a business running are never ending. Everyone who’s held a job for any length of time knows this.
On the contrary, I believe this assertion is right. I worked tirelessly every day for 25 years and was only able to save $47k after decades of hard work. It wasn't until I fueled my goals into stock investments with the help of an advisor that I made up to $670k sitting in my portfolio. I passionately believe that working smart is better than working hard.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
I would like to ask, how did you achieve it? I've been trying to stick with index funds. I feel these new interest rate hikes could crash the economy. I'm looking for a better investing strategy, as I have a lump sum that inflation is steadily eating up.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith B Richards’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I looked up her name and found her website. Her credentials are really great with good reviews. Thanks for sharing! I've already reached out to her via email.
Work consistently smart. 👌🏼
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
The rich Invest in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment...
I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Fantastic! Can you share more details?
Definitely one of the best podcast episodes I’ve ever watched. As a young entrepreneur in Africa, this just super inspired me. Thank you Steve and Marc 🙏🏾
Marc spoke to my MBA class and I couldn't believe how real he was. He wasn't trying to cultivate some persona, he was just an entrepreneur with a ton of experience. He was an open book. It was refreshing and inspiring! Thanks Marc!
Sounds like he really left his Marc on you!
This has been a masterclass in entrepreneurship!It’s a powerful example of how entrepreneurship involves a blend of vision, adaptability, and strategic decision-making!
And living off of hard work of others while claiming that you didn't put in any! Nice.
This guy seems like the perfect boss, gives people freedom to be creative and accountable, flexibility to live life around work, inspire you to develop professionally and just generally understanding. Just ordered his book to learn more. Great podcast.
Check out: Yvon Chouinard - "Let My People Go Surfing" 2006
- Flextime scheduling
The real deal boss doesn’t have people working for him/her, they work with him/her as a team.
The boss is there to serve them and make them be their best everyday day.
@@sogcezar aka Communism, or at least what some think it may be ...
So perfect that if you extrapolate your theory above that he will be happy to pay you for simply being ... you.
@@cy-villian Funny how this is associated with communism, a regime that when put on action ends with dictators leading the country xD
51:35 "I stopped searching for a way to do it that doesn't hurt". What a profound statement.
YUPPPP!!!🔥🔥🔥🤬💪🏾
@@jcc8206the end is nigh
Thanks for this wonderful opportunity I got through your channel and I love and appreciate your words of encouragement.
You will miss a lot of good opportunities to make money online if you don’t have money.
As a new beginner you surely need a professional to assist you through this processes.
How can I reach her ?
This is her WA. Line..👇👇
🇺🇸+1
I don't normally comment but watch a lot of DOAC videos. I Wanted to say that some of the topics in other videos seem off track in regard to the podcast's intent, and that this interview was what I originally came to this channel for. The questions were directed towards the highs and lows of the business and did not stray too far off course with unrelated topics. MORE OF THIS PLEASE.
And I am a subscriber precisely for the "unrelated topics" that go "off track" so you can't please everybody
The mainstream advice on making money is overrated. The best thing you can do is invest in your own knowledge. Books are the ultimate learning tool. For instance, The Hidden Truths Of Wealth by Oliver Mercer gave me the foundation to start my first business and separate myself from 90% of people.
Can I ask what is your need to separate yourself from 90% of people?
Because he did not brush his teeth and shower. He will be back.
Tai lopez told us all this when he showed us his lambo in his garage but made it about the bookshelf behind him.
probably one of your best podcasts.somebody said it in the comments above 'this is a good man'.
obviously he is very smart,creative,bold,perseverent but what is indeed striking is exactly that the guy is honest,humble,human.we do not appreciate it as much as we should.being a good person.
I have an MBA and I hope Business Schools use your podcasts for teachings. You provide the best free education through dialogue exchange. Thank you.
My life and career has nothing to do with entrepreneurship or business BUT, I was glued to every word he said! There was SO much incredible wisdom and inside information about how businesses start and the ups and downs of trying to make them a success. He is a great communicator and a super nice guy!
I’m also old enough to remember joining Blockbusters when they first launched… and yes, I HATED the late fees.😂..
He sure is and real nice of him to invest in Meghan Markle and Prince Harry
And the fees if you didn’t rewind! “Be kind, rewind”
Marc comes across as a very modest, reflected and honest person. I also learned a lot from the episode.
I think I learned more about how to be an entrepreneur from this talk than in my two year business studies course!
I've listened to 10,000 of these same interviews about business, but without money and without an environment it's impossible to do anything.
Best thing about TH-cam!
I love the total honesty of this content and channel- always a very good watch . Mark comes across as someone I’d enjoy watching for
He and Reed Hasting (other founder), who I’ve met, are decent human beings and have loads of integrity. Love these interviews.
I like these ceo interviews better than the health ones that are already everywhere.
This was an amazing episode! Thank you so much team DOAC for bringing Marc on, and thank you Marc for your generosity in sharing your wisdom. This episode came at the perfect time🙏🏽
You know we currently have Netflix in our house. I was a massive fan of Blockbusters. Weirdly, I have never heard of Marc Randolph. Absolutely love his authenticity, honesty and candour. Thank you Steve and Marc for another epic episode.
@ 1:40:40 "If success is nothing else it's the ability to be able to do the kind of things you want to spend your time doing" Love that quote!
Bizarrely I read your comment at the exact moment he said this... Must be profound
Can't believe these valuable pieces of advice are provided for free. As a young entrepreneur in Vietnam, trying to navigate all the challenges of starting a business, I'm deeply grateful for your time and efforts in making all this happen. I've learned a lot from this episode.
It's quite fascinating that you can learn and relearn so many things through another person's experiences but it takes ages for us to learn certain things from ourselves.
Yes that is correct. Because you see him in a third person view. Most people can't reflect or have a sense of out of their own body experience. Also people are too prideful to ask others how they are perceived. In their conversation he said that he didn't like to be criticised or shown from his colleague in the PowerPoint where he was wrong. It was only when he stepped down for the greater good that he was grateful that he diminished his ego. The same thing happened when he was mentioning his girlfriend in order to transition to becoming his now wife.
From my own experience I had a tremendous boost in skill when I was watching myself dancing. I am a bachata salsa dancer/instructor and saw the difference, in mannerisms and behaviour with people in general not only in skill. Therapy also works, talking to people and taking bad and good feedback works, journaling works, meditation works. Manifestation works. 2 books that I 've read that helped me tremendously were Attached (The New Science of Adult Attachment and How It Can Help You Find and Keep Love) and Psycho Cybernetics.
The Diary Of A CEO, I cant stop watching your videos!
What a beautiful, informed and ubiquitous response to the handling of tough conversations (40:46 min) my goodnest, yes! thats what it is, pure and raw empathy, Marketers and Sales people are optimistic in nature, they are always going in expecting a positive outcome. I can now imagine if you had to ask them to deliver bad news,,,, they'd probably design a campaign around it just to prepare a soft landing. Kudos to the presenter for the way he asked the question.
This is the best crash course in Entrepreneurship I’ve ever watched. There is so much gold in this….
I watch the podcast everyday, this is my first ever comment. This was a great episode. It's unbelievably valuable. Obviously all the episodes are great, but this one is top notch
It is so great to have some real entrepreneur content on this channel again. The lifestyle stuff is cool but for me this is what the show is all about. Titans of industry open up to Steve because he's been on their journey. That's the unique appeal of the Diary of a CEO for me. More please!
Agree! This episode is the literal definition of "Dairy of a CEO", a golden one that learnt and reflected and more importantly, shared openly, not glorified
An idea is just an idea until you put it into action. The best lesson from this pod.
to every STAR aspiring entrepreneur looking for a SIGN to start their great journey. THIS IS IT! THE IDEAS IN YOUR HEAD EXIST FOR A REASON. YOU CANNOT ALWAYS BE THE BEST BUT YOU CAN ALWAYS DO YOUR BEST!!! NOW GO GET THEM, SOLDIER!! LOVE AND LIGHT.
Very sad that in today's world that being empathatic in business is seen as a weakness.
The world needs a lot more of it.
I didn’t hear it that way. I heard that it was the quantity that was the issue. To much empathy leads to not doing what is needed emotionally. It was hindering him not helping. Like a parent that never punished their kids because punishment feels bad. Bad team members must be corrected quickly or let go. If empathy was stoping that process or even slowing it down that’s not good. And the meeting shows this. His partner notice the failure and addressed it no matter how it made them feel. And it was for the better.
@@centurialinc And where has it gotten us as a society?
People are more miserable as a whole than ever today.
There's more division, we're working longer hours.
Standards of living may have increased but I can assure you that happiness and overall well-being has signficantly decreased and the rise of most adults being on multiple forms of medication just to regulate their mood proves it.
It's a very sad state of affairs.
@@universesixhit642then do something about it?
@@universesixhit642 That people are more miserable is a flaw of humanity itself.
Human life has absolutely never been this good.
A thousand years ago, half your siblings would've died before you became an adult. You may easily have died from some random plague, or some random drought.
The world has never been very kind. And kinder societies have never expanded very far... Making them meaningless to history.
But anyway, one of the bigger problems is that humans judge their own worth and happiness by comparing themselves to others... And these days, you can easily see far too many people who may be doing better than you.
@universesixhit642 That isn't what's being applied today, mass layoffs aren't the proper level of analysis, the problem originated well before the layoffs or the rat maze, why aren't executives incapable of maintaining a healthy pace of hiring that isn't cyclical even when the business is stable, why aren't the failed executives laid off when they make repeated mistakes and allowed to instead gut the company's future eventually ruining it for absolutely everyone, workers, owners and the customers.
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
This seems like the worst period.Even the markets are very unpredictable.started investing recently when the market prices were a bit high,today i am more than 60% down
Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Fantastic! Can you share more details?
was guided tho..Julia Hope Marble. walked me through the ropes majestically i'ts my ultimate pleasure.
One aspect I admire about Netflix's approach to running the company is their understanding of who builds their competitive advantage. They offer top salaries to attract talented engineers and UI/UX designers.
Imagine being just a simple streaming platform, they’ve positioned themselves alongside tech giants like Meta, Amazon, Apple, and Google as a gold standard for engineers and ui/ux designers to aspire to work for.
Steve is such a good listener that makes other person beside him talk his heart out
I love this channel so much! Thank you for all your podcasts! You are the best! ❤
Marc Randolph is such an amazing storyteller. His book 'That Will Never Work' is definitely one of the best things I have ever read!
You did it again Steven, really good episode. Loved it!
He says his big regret is that he didn’t think of the idea to do the subscription model before 2 years, but the real beauty of it was that his idea came at the same time that DVDs were really gaining momentum. Would Netflix have survived if they were sending VCR tapes through the mail instead? That is a huge question that I’m not so sure they would have made it work!
It didn’t work. He answered your question here 13:38
They started Netflix when the DVDs started, as a pay per day of rental system, but the no late fees monthly subscription model was started much later. He was referring to that.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
The very first time we tried, we invested $2500, and after a week, we received $19,750.
That really helped us a lot to pay up our bills
Started with $5,000 and Withdrew profits
$89,000
Alright thanks for the recommendation, but how do I reach her?
Sure! She interacts on what's Apk using the digit below👍👍
+1520
He's an amazing story teller I could listen to him talk all day, so enthusiastic and engaging! Great guest with great stories 👏
This guy seems like such a good person. Has the same smile and happiness my grandfather had talking.
Mark is a man I always wish to talk to face to face. He cares to everyone who works for him. A real humble man!
2008 I was living in Denver and saw my first RedBox outside of McDonalds. then my friend showed me Netflix. He loved it because you could get up to 3 DVDs at a time and replace them in 2-3 days if you mailed them back fast enough. He was supper excited about the idea of a new movie each night after work....
This was such a good talk - I'd go as far as saying the most inspirational DOAC so far. Marc is such a genuine person - I don't think I have heard such a successful CEO be so humble in everything he said and the way he said it. I had kinda come to believe you need to be of a dominant, even selfish style to succeed as an entrepreneur, but Marc just crush that. You can be successful and nice! Steven - awesome job, you got the very best out of Marc.
Love his interview. It is very understandable to the general public and it’s not corporate speak all the way through . What a story!
One of my favourite episodes so far. Marc communicated his success and challenges with grace and humility, and I saw something different in Steve’s expression as he was listening too that made me wonder what he was thinking.
that opened my eyes in so many ways. I can't thank you enough. In general, this podcast format gave me so many ideas and helped me develop my personality
So glad to see an interview with an amazing business person ❤️ I know there have been a lot of health focused episodes, but I love these ones the most
Worth 1000 MBA'S Steve......really thanks a ton for the podcast....you really have an absolutely amazing depth in your voice which makes the other person to reveal thier secrets and your questions are just spot on brother....love from INDIA❤
I loved how Mark emphasized the importance of humility and being open to feedback. It's so easy to get caught up in our own ideas and lose sight of what customers really want.
What a lovely person, a truly good human with an amazing work ethic and you know without a doubt he has an amazing wife.
One of the most sincere, inspirational and uplifting podcast that I've heard in 2024. Definitely buying the book. Thank you 🎉
Netflix teaches us key business lessons: innovate constantly, prioritize customers, stay agile, make data-driven decisions, invest in quality content, and think globally!
They didn't keep customers in mind. I got rid of my Netflix account 🤌
Prioritize customers is such a meat riding quote. That is almost the last thing they do.
I don't think 3 different confusing sub tiers & randomly axing shows is "prioritizing customers"
And don't go woke or you go broke
Oh wow today you interview the man who turned me into a netflix queen those days. . It's wonderfull to hear this soft spoken voice. Bless his heart.
More guests like Marc please.
Hard work doesn't matter. Struggles build an empire, do your best, leave the rest to the universe. Netflix literally proved that. Great interview, great conversation. I appreciate both of you Steven for doing it, and Marc for sharing.
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly... Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them..
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Could you possibly recommend a CFA you've consulted with?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
First, this is my go to podcast, so a super fan here. Commenting is something I have never done as I am a very private person, and this is completely not my area of expertise, but I got the sense from some of Steven’s follow up questions during the interview, that he was working through a list of pre-prepared questions that he had to ask, rather than rolling with the last answer from the guest. Almost as though there was a little impatience from our host that day…Just an observation, which may be used constructively if taken in the vein it is being given. Otherwise, thanks for the great guests and content DOAC team ❤.
This guest was just lovely, smart, thoughtful and insightful!! I really enjoyed listening to this interview!!
Interesting conversation. What is also interesting to me is that often times I get "this guy is a psychopath" vibes from CEOs, but from what I can from these 2 hours is that this guy sounded like a great, empathethic human.
Love this - "We only care that you get the job done and if you can do it by only working 6 hours a week then more power to you"
Unless you are MM or Prince Harry.
I think that Marc is such a wise self aware and honest person. He is also humble enough and increadibly mature to listen and understand to allow Reid to be CEO...That takes incredible strenght especially how complimentary he is about Reid. His fighting for balance in life. What a fantastic lesson from a great person...
This conversation is highly empowering. I learned so much here that I will review and watch for months. Many thanks for sharing and for communicating clearly and compassionately with each other. Cheers.
From $10K to $110K, that's the minimum range of profit return every week. I think it's not a bad one for me, now l have enough to pay bills and take
care of my family.
Damn that's huge. How do you make that
much ? l'm 37 and have been looking for
ways to be successful, please how??
What is it you do?
Oh, yeah. I was able to achieve that with the help of my coach /Mrs Sandra Maria Ferraguti❤️❤️❤️❤️❤️❤️
She's a licensed broker and successful
entrepreneur from the state.
Her top-notch guidance and expertise on
digital market changed the game for me.
This interview is brilliant! I’ve binge-watched so many of the videos on this amazing channel since discovering it only a week ago. Fabulous guest and, as always, fantastic interviewer ❤️
He looks like Phil Spencer from Location, Location, Location. Now I can’t unsee it.
Marc Randolph’s wisdom and experience has revolutionized both my business and personal life. Everyone needs to watch this episode…and take notes.
Wow, such a fascinating story. Really enjoyed hearing about the whole history, he's a great storyteller. I remember the Netflix envelopes coming in the mail back in the 90s. It was a game changer back then. Just drop the envelope in the mail, postage already on there.
What a quality human being to get to spend time with. Thank you so much for this awesome interview/chat.. and letting him just speak and not interrupting him and thereby losing out on any gold nuggets from all his wisdom and experience ❤❤❤❤
Steven you are always inspirational! We see your vision in both doac and Flight studio, that's why we made for you a video about why we'd like to join, we hope you'll see it!
Of the many incredible and informative DOAC interviews I've watched, this is, without a doubt, one of my favorites! Thank you!!
❤😂 lol 😮😅
it's always inspiring watching your podcast Steve from 🇪🇹 Ethiopia
Wow! This man can speak for hours and I’d stop everything to listen to him. He has a very great story telling angle to every conversation about his Netflix yrs about life. Even the last question, somehow he fit a story in there. I want to be able to do that. ❤
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
You're correct!! I make a lot of money without relying on the government.
Investing in stocks and digital currencies is beneficial at this moment.
I just want to use this opportunity to say a very big thank's to Maureen duke and his Strategy, he changed my life.
Maureen Duke program is widely available online..
Started with 5,000$ and Withdrew profits
89,000$
I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️
I could listen to Marc speak all day. Such a genuine person with an incredible journey. Thank you for your honesty. Thank you for sharing the ups and downs of being an entrepreneur.
I sometimes wonder how successful investors manage to accumulate enormous wealth from their investment endeavours because I am an avid investor. I currently have equity from a recent house sale that exceeds $545K, but I'm not sure what to do with my money next. Is now the right moment to buy stocks, or should I wait for a better opportunity?
The current market conditions may provide opportunities to increase revenues swiftly; however, experience is required to carry out such a plan.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That's impressive ! I could really use the expertise of one of these advisors. Any chance you could recommend one?
Sharon Marissa Wolfe is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Diary of a CEO has always been one of my favorite podcasts because of the content and Steven's questions, but I gotta say, I have definitely noticed in increase in production value. Cinematography and shots lookin super crisp. Great work to the production team!
Perfect start to the morning. Super inspiring!
your channel looks interesting. you’re also very beautiful. I like the one about changing your voice; something i’ve been interested
in. good luck
@@Mr_Boifriend ty!!
Love Marc’s vulnerability in this interview. Class act! Steve, such a great interviewer!
Engrossed from the moment he opened his mouth. Awesome guest.
he's an incredible storyteller
That was amazing! So many lessons I took from this discussion. So motivating, straight and honest. Big thank you! Piotr/Warsaw-Poland
My organisation is about to go broke. This podcast has given me hope.
Thanks Steven, your interviews keep getting better and better. Jam-packed with wisdom, keep it up champ.
Netflix is a shell of what it used to be
Why? What changed?
@@marshmccarthyContent (strategy) is almost 100% different. They used to license big ticket movies and series, them then incumbent launched their own streaming services, so Netflix had to start producing their own content.
Some love it, some hate it.
This is simultaneously one of the most entertaining and insightful podcasts I've ever listened to.
Best podcast channel ever!!
What a Masterclass in Startups. The Prototype Modeling and 1st Sale are magic. I've done it using a 3D modeling app and some copywriting on a sales page. That company (1990) ended up with millions in sales and 50 employees. Thanks to this podcast, I'm headed back to that aproach STAT!
He offered a lot of fresh perspectives of not only being a CEO but having the ability to look inwards and receive feedback.
Your first thought is not ‘how do I source and store that number of CDs’? It’s ‘can I send a CD in the post’ - of course you can send a CD in the post. This has already been tested in reality - no need to turn the car around…
I was one of Netflix's devoted customers when they mailed dvds. Three at a time meant one was coming in the mail, one was returning in the mail, and one was being watched. I watched a quality movie every night for five years in my comfortable home theater. I quit when they moved to streaming and selection was restricted.
I didn't listen to this whole video but another thing that was great was their recommendation engine. It was very good at predicting what movies I'd like instead of just pushing whatever junk they currently had licensed to stream.
Love this channel don’t get here half as much as I would like but such quality and inspiration😍
The amount of value provided by Marc Randolph in this chat is incredible!
Netflix still in deep trouble. All the streamers are, How do I know? I cut several shows for them and half of Hollywood is laid off from a chaotic down swing.
This episode just dropped at the perfect time in my life, made one of the hardest decisions of my life and this has just confirmed I made the right choice. I Love the podcast Steven, it’s been changing my life since I first discovered you in November 2022 and became a massive driver for my personal growth and pursuit for entrepreneurship. I’m pretty sure by you were under a million subscribers then, congrats for when that 7mill hits🎉 and a massive thank you
I'm an amateur with a portfolio of 70k but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Any stock suggestions?
Not offering any particular advice, but I can assure you that it's not as hard as many people think it is. Ordinary investors lack the requisite level of diligence, so having a financial advisor on board is usually highly beneficial. In the market, this is how people generate enormous profits.
I agree. There's a lot of potential in the market.
My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream to start a restaurant in New Jersey and still earn five figures in monthly dividends.
@@Miaisabelle-yk6rd That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with, please?
Search him by His name "Chrissy Barymoer"
On f.a.c.e.b.o.o.k
Just bought the book. Have been following Marc for quite some time , and he always has amazing insights- a great person overall
when you come from priviledges, obviously hard work don't matter, but you gotta fucking work hard first in order to get shit done fast.
"Randolph was born to a Jewish family in Chappaqua, New York, the eldest child of Stephen Bernays Randolph, an Austrian-born nuclear engineer turned financial adviser and Muriel Lipchik of Brooklyn, New York who ran her own real estate firm. One of Randolph's paternal great-grand uncles was psychoanalysis pioneer Sigmund Freud. Another paternal great-uncle of Randolph was Edward Bernays, an Austrian-American pioneer in the field of public relations and propaganda." - Thanks WikiPedia