LinkedIn’s Reid Hoffman on the Tech Business

[ 0 ] March 8, 2015 |

Reid Hoffman is the co-founder and executive chairman of LinkedIn, a popular social media platform for business and networking. Hoffman has had great success in the tech business world. Even before helping to create LinkedIn, he was the Vice president at PayPal. Now, as a well-established business man, Hoffman works on finding new startups to invest in and dedicates his time to mentoring budding entrepreneurs.

WATCH as Reid Hoffman offers his insight and ideas on the tech business world at the Techonomy 2014 conference.

“People start companies at all decades of their life,” says LinkedIn CEO Reid Hoffman. “Whether you’re a teenager still in high school, or a retired senior citizen, if an opportunity and an idea inspires you, don’t let your age hold you back from creating something amazing. It’s always doable!”

 

Hoffman gives advice on how to deal with the fear of change as an entrepreneur. “Think crisply about how you navigate risk.” You’re not going to succeed 100% of the time. You have to be realistic about your chances of success and what to do if you were to fail. How will you pick yourself back up and how will you learn from your mistakes? “When I started LinkedIn, I actually gave myself a 30% chance that I would get where I am today.” Hoffman has learned from experience that to be a good founder means to have a healthy balance between optimism and caution by making intelligent risks.

 

JDATEHoffman discusses his perception of the tech business world, specifically on social media. “I think we are in the first inning.” Hoffman believes that social networks will become more individualized. For example, first there was just one dating website, now there are hundreds of dating websites that specialize in users specific interests. Hoffman sees this happening with all different types of social networks.

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Category: Career, Career Development, Entrepreneurship, Videos

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About Reid Hoffman: Co-Founder and Executive Chairman of LinkedIn and a partner at Greylock. Prior to starting LinkedIn, he was Executive Vice President at PayPal. Check out his essays on entrepreneurship, Silicon Valley, civics, politics, and some philosophical [...]
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