Netflix co-founder Marc Randolph on the three things successful startup founders have in common

There’s no fail-safe recipe for startup success, but there are some things founders tend to have in common, according to Netflix founding chief executive Marc Randolph.

Speaking at ‘The Uncut Story of Netflix’, an event hosted by StartCon at Melbourne Town Hall on Monday, Randolph explained the $220 billion streaming giant he co-founded with Reed Hastings in 1997 is “just one of the seven startups I’ve had a hand in starting”. And while there are no hard and fast rules, Randolph said there are some lessons he has picked up along the way.

Startups don’t need to be in Silicon Valley, he said, as “there’s remarkable innovation taking place all over the world”, including in Australia.

Founders don’t need any special skills, computer science degrees or masters degrees in business, and they don’t even need to be particularly smart, Randolph said.

However, among the most successful startups, there are three major common denominators. Read more

Stephanie Palmer-Derrien - SmartCompany - 26 September 2018