Here are the key components that the renowned entrepreneur looks for in new investment opportunities.<br /><br />Entrepreneur, investor, mentor and Netflix co-founder Marc Randolph has been investing in startups for a long time, and says that when choosing a company to invest in, he looks for three things:<br /><br />1. The people<br /><br />2. The people<br /><br />3. The people<br /><br />"I've learned that it is almost impossible for me to know, based on the technology or the goto market strategy, what's going to work," says Randolph. "But if I find the people who have the persistence and the creativity to keep on trying until they finally figure it out — that's a formula for success."<br /><br />For Randolph, author of That Will Never Work: The Birth if Netflix and the Amazing Life of an Idea, marcrandolph.com/the-book/, investing is not about making a quick buck. "I've been angel investing for a long time and the truth is, I'm a terrible angel investor. I can't pick winners," he explains. "But what I can do is pick people that I want to give a shot at it. I want to give them the opportunity to turn their dreams into reality. And hopefully, see some of the success that I've had."<br /><br />Presented by Mastercard. Learn how Mastercard is helping bring local businesses into the digital economy at Mastercard.us/digitaldoors.
