The world needs no preface to Marc Randolph who founded the famous online movie services site “Netflix” in 1997 and was also its First CEO. He is an advisor and a serial entrepreneur responsible for Macworld magazine’s U.S. version as well as the “MacWarehouse” and “MicroWarehouse” foundation. Boards of “Getable”, “Rafter” and “Readyforce” are also honored with his services. Let’s know more about Marc Randolph’s net worth.
Marc Randolph was born on April 29, 1958 in New York as Marc Bernays Randolph. His father, Stephen Bernays Randolph was an Austrian born nuclear engineer. His mother was Muriel Lipchik from Brooklyn, New York. His birth place was Chaappaqua, New York and he was the oldest kid of the family. His family was rather a prominent one, having the pioneer of psychoanalysis, Sigmund Freud as the paternal great granduncle. His great-uncle, Edward Bernays, an Austrian-American was also an established pioneer of the public relations and propaganda realm.
Marc Randolph secured a degree in geology from Hamilton College, New York. He also worked for the National Outdoor Leadership School during his school and college days and was one of its best young instructors. Marc Randolph married Lorraine Kiernan in 1987. They both have three children together.
The first job Marc Randolph took on was in New York at the Cherry Lane Company. He learnt a deal of things being in charge of the small mail order operations of the company. He mastered himself in marketing techniques, while selling Cherry Lane’s sheet catalog in smart ways directly to the consumers. Marc Randolph used fascinating computer software to lure the customers to buy his products.
He worked on his theories of directly influencing the customers through mails. “Netflix” was surely a decisive step at that time, which later became a big market research platform. Marc Randolph founded the “MacUser” magazine in U.S. in 1984. He also made a link between customer retention and overnight delivery, which was a discovery that gave wings to the growth of “Netflix”. “Netflix” offered overnight DVD delivery to the company’s subscribers and in turn bloomed into breaking Blockbuster Inc. revenues in different cities.
Marc Randolph spent a great deal of his career building direct to consumer marketing operations software. He did work in Borland International and also at a Silicon Valley startup in 1995. He was a member of the founding team of an automated software testing products developer company, “Integrity QA”. He was also the head marketing officer at “Visioneer”. Marc Randolph was selected to be the vice president of corporate marketing at “Pure Atria” by the company’s CEO, Reed Hastings in 1996. “Pure Atria” rapidly expanded and later was acquired by “Rational Software” in an $850 million swap of stocks, making it the wealthiest and most expensive merger in the history of Silicon Valley.
Reed Hastings and Marc Randolph spent several months together with plenty of meetings and discussions on the “Rational” merger finalizing step. The idea of “Netflix” was born as a result.
Awards and Achievements
Marc Randolph is currently the chairman at the board of trustees of National Outdoor Leadership School (NOLS) and also a member of the board of environmental advocacy group, “1% for the Planet”. He is an outstanding mentor at “MiddCORE ” and a board member of “Looker Data Sciences”.
Marc Randolph is a top notch motivational speaker who travels around the world and is appreciated to speak on his experiences and the lessons focusing on innovation, leadership and entrepreneurial skills.
Net Worth of Marc Randolph
Mark Randolph is quite a wealthy man and has collected a huge sum from his many known professions. Marc Randolph’s net worth is $1.2 billion.
While he sits on a pile of achievements with his entrepreneurial skills, not only does he become an indirect inspiration for the young starters, but to complete the process, his talk sessions provide cues of success to the world, enlightening those in need.