Netflix co-founder shares his 8 rules for success

If there’s anyone to listen to when it comes to success, it’s Netflix co-founder Marc Randolph.

He and co-founder Reed Hastings took on Blockbuster back in 2000, asking for US$50 million to get their streaming service off the ground.

• Also read: Blockbuster refused to buy Netflix and went broke a decade later

• Also read: Thousands of users drop Netflix after subscription price hikes

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While Blockbuster rejected the proposal, 10 years later Netflix drove Blockbuster into bankruptcy, making the co-founders an underdog success story.

Now, Randolph has taken to LinkedIn to spread eight ‘rules for success’ passed on to him from his father.

“When I was twenty-one years old, fresh out of college and about to start my first job, my father gave me a handwritten list of instructions,” Randolph said.

“I've passed them on to my own children and the original copy hangs next to my bathroom mirror.”

Here they are:

1. Do at least 10 per cent more than you are asked;

2. Never, ever, to anybody present as fact opinions on things you don’t know. Takes great care and discipline;

3. Be courteous and considerate always - up and down;

4. Don’t knock, don’t complain - stick to constructive, serious criticism;

5. Don’t be afraid to make decisions when you have the facts on which to make them;

6. Quantify where possible;

7. Be open-minded but skeptical;

8. Be prompt.

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