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.