Reid Hoffman is the Founder of LinkedIn, founding member of Paypal, early investor in Airbnb And Facebook.He is the co-host of the ‘Possible’ Podcast and best-selling author of books such as, ‘Masters of Scale’ and ‘Blitzscaling’.
In this conversation, Reid and Steven discuss topics such as, why passion isn’t enough for success, the truth about the PayPal Mafia’s success, why Reid stepped back from LinkedIn, and how to adapt to an AI world.
00:00 Intro
02:16 How Have You Managed to Be So Successful?
07:34 What Did You Want to Be When You Were Growing Up?
08:46 Why Was Being Born in Stanford Hospital So Relevant to Your Story?
15:27 Self-Awareness as an Entrepreneur
17:38 Should Everyone Try to Be an Entrepreneur?
25:45 How Do I Know If My Business Is Good or Not?
37:06 What Was LinkedIn Like When It First Started?
39:09 Why Were So Many Successful People from the PayPal Mafia?
42:23 The Importance of Sales
49:11 How Important Is Hiring in Business?
55:16 What Are the Different Types of Entrepreneurs?
57:43 Elon Musk’s Approach to Business
01:03:17 Work-Life Balance in Startups
01:08:24 Stepping Back as CEO for LinkedIn
01:12:18 How Does Life Change When You Become a Billionaire?
01:13:58 Political Stance as a Billionaire
01:18:11 Trump’s Redeeming Qualities
01:22:32 The Shift Towards Freedom of Speech
01:25:02 Freedom of Speech as X
01:33:03 What Do You Think Social Media Will Become in the Next Decade?
01:37:58 How Should the Average Person Be Approaching AI?
01:40:12 Is the Gloom Around AI Warranted?
01:50:23 What Should the Everyday Person Be Doing with AI?
01:58:40 How Do We Learn About AI?
02:00:22 Your Early Investment in OpenAI
02:01:45 How Important Is Networking?
02:02:30 Underappreciated Qualities for a Good Entrepreneur
02:05:58 The Qualities You Look for in an Entrepreneur
02:15:21 What Is Happiness to You?
02:19:08 Marriage and Entrepreneurship
02:20:55 Should All Entrepreneurs Be Moving Fast to Build a Company?
02:28:51 How Should You Be Viewing Risk?
02:31:56 How Do We Know When to Quit?
02:34:25 LinkedIn’s Deck
02:37:44 Are You Still Interested in Building Companies?
02:40:17 Are There Any Unchecked Boxes?
02:42:28 Last Guest’s Question
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