HIGH POINT, N.C., Nov. 2, 2015 – High Point University students learned how Netflix was born, as well as half a dozen other startup companies, when Netflix co-founder and entrepreneur Marc Randolph visited High Point University’s campus today.
Inside the Belk Entrepreneurship Center, HPU students presented their business plans to Randolph, the man who created a service that’s now part of their everyday lives. Randolph gave feedback to each student based on his experience as an innovator, entrepreneur and Angel investor.
“When a successful businessman like Marc Randolph tells us what to do with our product and our business, that’s a lesson we can take and apply – a lesson that we wouldn’t have normally thought of,” says HPU student Reza Moghtaderi Esfahani, who presented his social media app to Randolph. “This would not have happened at any other school – especially in such a low-pressure, friendly environment where he has time to personally talk to us, take notes about us and give us pointers about our business.”
Randolph also presented to HPU students in the Michael L. and Laura M. Baur Institute for Executive Education in Cottrell Hall and took part in “A Conversation with HPU President Nido R. Qubein” at 7 p.m. The event was open to the public and was filmed by UNC-TV to air at a later date.
In each presentation, Randolph shared with students that being an entrepreneur and innovator hinges on a few simple concepts.
First, anyone can do it, and entrepreneurs realize that and embrace it.
Second, a tolerance for risk is crucial.
And third, you have to just do it, even when you don’t know what’s around the next corner.
“Nobody knows what is going to work in advance,” says Randolph. “The only way to figure out if it is a good idea or not is by taking a risk. You have to do something; you have got to try something; you have got to make something; and you have got to build something or sell something. You learn more in one day of doing it than in a year of working on your PowerPoint or practicing your speech and doing your business plan.”
About Marc Randolph:
While at Netflix, Randolph served as the founding CEO, executive producer of their web site, and as a member of their board of directors until his retirement in 2004. Although best known for starting Netflix, Randolph’s career as an entrepreneur goes beyond our televisions. He’s founded more than half a dozen other successful start-ups, served as a mentor to hundreds of early-stage entrepreneurs, and invested in numerous tech ventures.
Most recently, Randolph has co-founded an analytics software company Looker Data Sciences, and currently serves as an advisor to numerous other startups.