Reid Hoffman

So part of what happened is two friends of mine, Peter Thiel, Max Levchin, came to me and said, hey, we're starting this business. You've been doing this for a year and a half with SocialNet. We'd really love you to join the board. We'll have you and Scott Bannister join the board. And could you do that? And I said, yes, because I've just gone through a year and a half of learning. every week.

And so a bunch of this stuff, PayPal had a initial booster pack on, which is all the various lists, which is hire people who are high talent and learners more than people who've had a ton of experience. I mean, they must know how to do the job, but as opposed to like, I've done this job for 10 years, it's, I've done this job for at least a year or two, and I'm an intense learner.

And so a bunch of this stuff, PayPal had a initial booster pack on, which is all the various lists, which is hire people who are high talent and learners more than people who've had a ton of experience. I mean, they must know how to do the job, but as opposed to like, I've done this job for 10 years, it's, I've done this job for at least a year or two, and I'm an intense learner.

And so a bunch of this stuff, PayPal had a initial booster pack on, which is all the various lists, which is hire people who are high talent and learners more than people who've had a ton of experience. I mean, they must know how to do the job, but as opposed to like, I've done this job for 10 years, it's, I've done this job for at least a year or two, and I'm an intense learner.

And so a bunch of this stuff, PayPal had a initial booster pack on, which is all the various lists, which is hire people who are high talent and learners more than people who've had a ton of experience. I mean, they must know how to do the job, but as opposed to like, I've done this job for 10 years, it's, I've done this job for at least a year or two, and I'm an intense learner.

And so a bunch of this stuff, PayPal had a initial booster pack on, which is all the various lists, which is hire people who are high talent and learners more than people who've had a ton of experience. I mean, they must know how to do the job, but as opposed to like, I've done this job for 10 years, it's, I've done this job for at least a year or two, and I'm an intense learner.

So a lot of the writings I've done are all the learnings from mistakes. There was almost never anything like I just got it right the first time. It was that you iterated at speed and you kept adapting and you kept learning. And that's one of the rules of entrepreneurship is always be learning.

So a lot of the writings I've done are all the learnings from mistakes. There was almost never anything like I just got it right the first time. It was that you iterated at speed and you kept adapting and you kept learning. And that's one of the rules of entrepreneurship is always be learning.

So a lot of the writings I've done are all the learnings from mistakes. There was almost never anything like I just got it right the first time. It was that you iterated at speed and you kept adapting and you kept learning. And that's one of the rules of entrepreneurship is always be learning.

So a lot of the writings I've done are all the learnings from mistakes. There was almost never anything like I just got it right the first time. It was that you iterated at speed and you kept adapting and you kept learning. And that's one of the rules of entrepreneurship is always be learning.

So a lot of the writings I've done are all the learnings from mistakes. There was almost never anything like I just got it right the first time. It was that you iterated at speed and you kept adapting and you kept learning. And that's one of the rules of entrepreneurship is always be learning.

So SocialNet, you know, I started with kind of this theory of, oh, I've learned how to create software products. I know what a really good thing would be. I've got a great product idea. Let me go raise some venture capital. Let me release the product. Well, a huge number of things.

So SocialNet, you know, I started with kind of this theory of, oh, I've learned how to create software products. I know what a really good thing would be. I've got a great product idea. Let me go raise some venture capital. Let me release the product. Well, a huge number of things.

So SocialNet, you know, I started with kind of this theory of, oh, I've learned how to create software products. I know what a really good thing would be. I've got a great product idea. Let me go raise some venture capital. Let me release the product. Well, a huge number of things.

So SocialNet, you know, I started with kind of this theory of, oh, I've learned how to create software products. I know what a really good thing would be. I've got a great product idea. Let me go raise some venture capital. Let me release the product. Well, a huge number of things.

So SocialNet, you know, I started with kind of this theory of, oh, I've learned how to create software products. I know what a really good thing would be. I've got a great product idea. Let me go raise some venture capital. Let me release the product. Well, a huge number of things.

PayPal started as an encryption technology on mobile phones, went to cash on mobile phones, went to cash on Palm Pilots, then went to cash on Palm Pilots plus an online synchronizing payment service, and then quickly converted to an online master merchant. The last bit was after it launched. All of that initial... cryptology on mobile phones was completely thrown out the door and useless.

PayPal started as an encryption technology on mobile phones, went to cash on mobile phones, went to cash on Palm Pilots, then went to cash on Palm Pilots plus an online synchronizing payment service, and then quickly converted to an online master merchant. The last bit was after it launched. All of that initial... cryptology on mobile phones was completely thrown out the door and useless.

PayPal started as an encryption technology on mobile phones, went to cash on mobile phones, went to cash on Palm Pilots, then went to cash on Palm Pilots plus an online synchronizing payment service, and then quickly converted to an online master merchant. The last bit was after it launched. All of that initial... cryptology on mobile phones was completely thrown out the door and useless.

PayPal started as an encryption technology on mobile phones, went to cash on mobile phones, went to cash on Palm Pilots, then went to cash on Palm Pilots plus an online synchronizing payment service, and then quickly converted to an online master merchant. The last bit was after it launched. All of that initial... cryptology on mobile phones was completely thrown out the door and useless.