June 28, 2022

Reid Hoffman Bio, Age, Net worth, Podcast, Books, LinkedIn, PayPal, and Career.

Reid Hoffman Biography

Reid Hoffman is an American prominent internet entrepreneur, venture capitalist, and author. Hoffman was the co-founder and executive chairman of LinkedIn, a business-oriented social network used primarily for professional networking. 

Additionally, he is currently a partner at the venture capital firm Greylock Partners. On the Forbes 2019 list of the world’s billionaires, Hoffman was ranked at number 1349 with a net worth of US$1.8 billion.

 Age

Born Reid Garret Hoffman on August 5, 1967, in Palo Alto, California, U.S. He is 53 years old as of 2021.

Reid Hoffman Wife

He married Michelle Yee in 2004.

Reid Hoffman Net Worth

Hoffman has a net worth of $1.8 billion.

Reid Hoffman Podcast

Masters of Scale is an original podcast hosted by Reid Hoffman, co-founder of LinkedIn and Investor at Greylock. In each episode, Reid shows how companies grow from zero to a gazillion. Thus testing his theories with legendary leaders. As a result, Masters of Scale is the first American media program to commit to a 50-50 gender balance for guests.

Reid Hoffman Book

·Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies.
· The Alliance: Managing Talent in the Networked Age.
·The Start-up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career.

Reid Hoffman Blitzscaling

Blitzscaling is a specific set of practices for igniting and managing dizzying growth; an accelerated path to the stage in a startup’s life-cycle where the most value is created. It prioritizes speed over efficiency in an environment of uncertainty and allows a company to go from “startup” to “scale up” at a furious pace that captures the market.

Reid Hoffman Airbnb

If you want your company to truly scale, you first have to do things that don’t scale. First, handcraft the core experience. Second,  get your hands dirty. Third, serve your customers one by one.  Lastly, don’t stop until you know exactly what they want. That’s what Brian Chesky did. As CEO of Airbnb, Brian’s early work was more akin to a traveling salesman. He takes us back to his lean years – when he went door-to-door, meeting Airbnb hosts in person – and shares the imaginative route to crafting what he calls an “11-star experience.”

Hoffman Insurance

Reid Hoffman Insurance is different than most insurance agencies. Because they believe in keeping the entire insurance process simple.

Reid Hoffman Quotes

  • “Society flourishes when people think entrepreneurially.” …
  • “If you aren’t embarrassed by the first version of your product, you shipped too late.” …
  • “The person passionate about what he or she is doing will outwork and outlast the guy motivated solely by making money.”
  • “Everything in life has some risk, and what you have to actually learn to do is how to navigate it.”
  • “An entrepreneur is someone who will jump off a cliff and assemble an airplane on the way down.”
  • “All humans are entrepreneurs not because they should start companies but because the will to create is encoded in human DNA, and creation is the essence of entrepreneurship.”
  • “Start a personal blog and begin developing a public reputation and public portfolio of work that’s not tied to your employer.” Reid Hoffman

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Reid Hoffman Background and education

Hoffman was born in Palo Alto, California, to Deanna Ruth (Rutter) and William Parker Hoffman, Jr., and grew up in Berkeley, California. His paternal great-great-great-grandfather was Theophilus Adam Wylie, a Christian Presbyterian minister, and Indiana University president pro tempore. Moreover, Reid’s uncle Eric Hoffman is a writer.

He described himself as an avid tabletop roleplaying gamer as a child. His first paid job (at age 12) was as an editor at the game company Chaosium, then based in Oakland near his home. Although he was only 14 years old at the time, Hoffman’s name was featured on the box of Chaosium’s RuneQuest role-playing game release Borderlands (1982), receiving equal billing with game designers Steve Perrin, Sandy Petersen, and Greg Stafford.

Hoffman attended high school at The Putney School, where he farmed maple syrup, drove oxen, and studied epistemology. In 1990 he graduated from Stanford University, where he won both a Marshall Scholarship and a Dinkelspiel Award, with a B.S. in Symbolic Systems and Cognitive Science. Furthermore, he went on to earn an M.St. in Philosophy from Wolfson College, Oxford University in 1993 as a Marshall Scholar.

Reid Hoffman Photo

Reid Hoffman Career

Early years

Reid formed a conviction while in college that he wanted to try to influence the state of the world on a large scale. He saw academia as an opportunity to make an “impact,” but later realized that an entrepreneurial career would provide him with a larger platform.

Reid says that when he graduated from Stanford his plan was to become a professor and public intellectual. But he realized academics write books that 50 or 60 people read and I wanted more impact.”

Furthermore, Reid pursued a career in business and entrepreneurship. His first job was an internship at Inglenook, a winery in Napa Valley. In 1994 he joined Apple Computer where he worked on eWorld, an early attempt at creating a social network. Later, in 1996 AOL acquired eWorld. Also, he worked at Fujitsu before co-founding his first company – SocialNet.com in 1997.

SocialNet.com focused “on online dating and matching up people with similar interests, like golfers who were looking for partners in their neighborhood.

PayPal

While at SocialNet, Hoffman was a member of the board of directors during the founding of PayPal an electronic money transmission service. However, he left SocialNet and joined PayPal full-time as the company’s COO in January 2000.

Reid became an expert at competing effectively in an extremely competitive environment. He was responsible for all external relationships for PayPal, including payments infrastructure (VISA, MasterCard, ACH, WellsFargo), business development (eBay, Intuit, and others), government (regulatory, judicial), and legal. Peter Thiel, Hoffman’s boss at PayPal, has said that Hoffman “was the firefighter-in-chief at PayPal. Though that diminishes his role because there were many, many fires.”

At the time of eBay acquiring PayPal for $1.5B in 2002, he was executive vice president of PayPal.

LinkedIn

In December 2002 Hoffman co-founded LinkedIn with two former colleagues from SocialNet (including Allen Blue), a former college classmate, and a former colleague from his time at Fujitsu. Therefore, It launched on May 5, 2003, as one of the first business-oriented online social networks. 

In November 2014, LinkedIn had over 332 million members in more than 200 countries and territories. The site allows registered users to create professional profiles and connect with each other. Moreover, users can invite anyone (whether a site user or not) to become a connection. According to Forbes, “LinkedIn is, far and away, the most advantageous social networking tool available to job seekers and business professionals today.”

For the first four years, he was  LinkedIn’s founding CEO before becoming chairman and president of products in February 2007. Though, in June 2009, he became executive chairman. With the IPO of LinkedIn on May 19, 2011, Hoffman owns a stake worth an estimated $2.34 billion, not including any potential benefits from Greylock Partners, where he was named a partner in 2009.

Microsoft proposed to acquire LinkedIn on June 13, 2016, for $26.2 billion in cash. Hence, Hoffman became a Microsoft board member on March 14, 2017.