In the previous video, Peter Thiel, co-founder of Paypal and Palantir, discusses business strategy and monopoly theory in “Competition is For Losers”.

In this video, Reid Hoffman, co-founder of Paypal and LinkedIn addresses many of the questions and confusions that might be cropping up during the course of your journey as an entrepreneur and how to be a Great Founder.

He clears the perception around being the great founder and the reality. He talks about the following topics-

  • How should you think about your founding team?
  • Where should you locate your startup?
  • Should you be contrarian?
  • Should you do the work or delegate?
  • Should you be flexible or persistent?
  • Should you focus internally or externally?
  • Should you work by vision or data?
  • Should you take risks or minimise risks?
  • Should you focus on short term or long term?
  • How do you know if you may be a great founder?
  • How do you evaluate yourself as a founder?

About Reid Hoffman, co-founder of Paypal and LinkedIn,

Hoffman was a member of the board of directors during the founding of PayPal, At the time of PayPal’s acquisition by eBay for $1.5B in 2002, he was executive vice president of PayPal.

Hoffman co-founded LinkedIn in December 2002 with two former colleagues from SocialNet (including Allen Blue), a former college classmate and a former colleague from his time at Fujitsu.

Hoffman became one of Silicon Valley’s most prolific and successful angel investors.

This video is a part of a series of lectures on ‘How to Start a Startup’, collated by Sam Altman.

About Author

Biplab Ghosh

Biplab lives his life around technology and is particularly keen to explore the intersection of technology and human behaviour. Always looking for new ideas, and ways that can make things simpler. He is a geek with the flair for travel and has great passion for music and theatres.

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