Years after being ousted from the company he founded, Spikes returned and has led it to profitability.
Stacy Spikes knows it's rare to get a second chance like the one he got."It's almost biblical, it doesn't happen," Spikes tells CNBC Make It."There's a few folkloric experiences like Steve Jobs returning to Apple or Michael Dell returning to Dell Computers when the companies were in trouble. I think MoviePass is the first time where the company had shut its doors and went down to zero, operationally.
Though the journey hasn't played out the way he would've planned it, Spikes doesn't mind the long and winding road he took to get where he is today. If he had to give one piece of advice to young entrepreneurs, it's simply to not be afraid to fail."We teach young people that there's this boogeyman called failure," he says."When you look at Edison and the lightbulb or the Wright brothers, there's the frequency at which you fail.
Spikes says that the"myth" of the billionaire twenty-something startup founder has made entrepreneurs feel like failure is an end result rather than a step along the journey. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"The myth is that success looks like dropping out of an Ivy League school, starting something in your dorm, your first business idea catching traction and you're now a billionaire," he says."When actually, most successful entrepreneurs are in their 40s or 50s, they've had three businesses go out of business.
As he looks to grow MoviePass' reach into more theaters and premium formats, Spikes hopes other entrepreneurs choose to"believe in the power of your dreams."Disclosure: Comcast is the parent company of NBCUniversal and CNBC.. We'll teach you how to speak clearly and confidently, calm your nerves, what to say and not say, and body language techniques to make a great first impression.
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