Entrepreneur

Why Netflix Co-founder Marc Randolph Doesn't Regret Stepping Down as CEO

The experience made the entrepreneur rethink what a leader really is.
Source: Courtesy of Marc Randolph
Courtesy of Marc Randolph

Listen to Marc Randolph on our podcast, Problem Solvers:

Marc Randolph speaks with rare humility, like a man with no regrets. “The decision to step down as CEO and bring Reed [Hastings] in,” he says, “was probably the best decision I ever made at .” Randolph and Hastings cofounded the company in 1997, with Randolph as CEO and Hastings as the company’s main and chairman of the board. But two years later, the company was stalled out, and they made an emotionally fraught change: Randolph stepped aside to become president (and would leave the company four years later), and Hastings stepped in as CEO. The company thrived, and Hastings became the man to reap most of the glory. Now Randolph has a new, which tells the of the company -- and in this interview, he talks about that humbling moment, and what it taught him about his true callings

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