Reid Hoffman ON: The Entrepreneur’s Mindset & Why What Got You Here Won’t Get You There

On Purpose with Jay Shetty

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Jay Shetty chats with Reid Hoffman about entrepreneurship. As a known personality in the business world, Reid tells us how business people become successful entrepreneurs, how to identify which ideas are worth cultivating, the art of saying “Not right now”, and the value behind experimentation.

Reid is an internet entrepreneur, venture capitalist, podcaster, and author. Hoffman was the co-founder and executive chairman of LinkedIn, a business-oriented social network used primarily for professional networking. He is currently a partner at the venture capital firm Greylock Partners. He's also the host of the Masters of Scale Podcast, where he shows how companies grow from zero to a gazillion, testing his theories with legendary leaders.

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What to Listen For:

• 00:00 Intro
• 03:11 How did you become an entrepreneur?
• 05:44 The mistake you shouldn’t avoid
• 08:57 Defining growing and scaling a business
• 13:28 The ideas that will actually work
• 17:53 Frequently, you'll say, “Not right now.”
• 20:27 Every YES involves a leap of faith
• 23:47 If it’s really important, experiment with it
• 26:33 The path that got you here isn’t the path that will get you there
• 30:51 Ask, “What won’t work about this idea?”
• 38:28 The most critical part of hiring
• 42:15 Culture should always seek excellence, but specific
• 46:54 Spend time observing the unguided and unforced interaction with the product or service
• 50:54 Entrepreneurial journeys are team sport
• 53:12 Reid on Fast Five

Episode Resources

• Reid Hoffman | LinkedIn
• Reid Hoffman | Twitter
• Reid Hoffman | Website
• Masters of Scale Podcast

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