Reid Hoffman
👤 SpeakerAppearances Over Time
Podcast Appearances
Then they saw, and then, oh, it's not working. Oh, our backup plan is to put double-click ads on top of it. Oh shit, the whole ad market went. What do we do? Oh, now we end at AdWords. And they pivoted from enterprise to consumer and then consumer to using elements that they'd seen from the market but inventing their own version of how to make a really powerful business.
And what happened is eBay people started using it. And I remember the first week in the conversation at PayPal was, who are these eBay people? Should we stop them from using our product? It was like, no, no, those are our customers. None of these people are our customers, those are our customers. We're going to pivot entirely towards them. Pivoting towards opportunities, seeing what happens.
And what happened is eBay people started using it. And I remember the first week in the conversation at PayPal was, who are these eBay people? Should we stop them from using our product? It was like, no, no, those are our customers. None of these people are our customers, those are our customers. We're going to pivot entirely towards them. Pivoting towards opportunities, seeing what happens.
And what happened is eBay people started using it. And I remember the first week in the conversation at PayPal was, who are these eBay people? Should we stop them from using our product? It was like, no, no, those are our customers. None of these people are our customers, those are our customers. We're going to pivot entirely towards them. Pivoting towards opportunities, seeing what happens.
And what happened is eBay people started using it. And I remember the first week in the conversation at PayPal was, who are these eBay people? Should we stop them from using our product? It was like, no, no, those are our customers. None of these people are our customers, those are our customers. We're going to pivot entirely towards them. Pivoting towards opportunities, seeing what happens.
And what happened is eBay people started using it. And I remember the first week in the conversation at PayPal was, who are these eBay people? Should we stop them from using our product? It was like, no, no, those are our customers. None of these people are our customers, those are our customers. We're going to pivot entirely towards them. Pivoting towards opportunities, seeing what happens.
And it's one of the most powerful business models that's been invented in human history so far. And so that pivoting towards opportunity is one of the things that entrepreneurs really need to keep in mind.
And it's one of the most powerful business models that's been invented in human history so far. And so that pivoting towards opportunity is one of the things that entrepreneurs really need to keep in mind.
And it's one of the most powerful business models that's been invented in human history so far. And so that pivoting towards opportunity is one of the things that entrepreneurs really need to keep in mind.
And it's one of the most powerful business models that's been invented in human history so far. And so that pivoting towards opportunity is one of the things that entrepreneurs really need to keep in mind.
And it's one of the most powerful business models that's been invented in human history so far. And so that pivoting towards opportunity is one of the things that entrepreneurs really need to keep in mind.
Sometimes, by the way, it's like, oh, you've been working on the software product and now AI is here and you're like, okay, I'm going to do AI. Yeah, I know I did this last 18 months of work, maybe three months of it's recoverable because that's the opportunity. And that pivoting towards big new opportunities is one of the things that really creates these successful businesses.
Sometimes, by the way, it's like, oh, you've been working on the software product and now AI is here and you're like, okay, I'm going to do AI. Yeah, I know I did this last 18 months of work, maybe three months of it's recoverable because that's the opportunity. And that pivoting towards big new opportunities is one of the things that really creates these successful businesses.
Sometimes, by the way, it's like, oh, you've been working on the software product and now AI is here and you're like, okay, I'm going to do AI. Yeah, I know I did this last 18 months of work, maybe three months of it's recoverable because that's the opportunity. And that pivoting towards big new opportunities is one of the things that really creates these successful businesses.
Sometimes, by the way, it's like, oh, you've been working on the software product and now AI is here and you're like, okay, I'm going to do AI. Yeah, I know I did this last 18 months of work, maybe three months of it's recoverable because that's the opportunity. And that pivoting towards big new opportunities is one of the things that really creates these successful businesses.
Sometimes, by the way, it's like, oh, you've been working on the software product and now AI is here and you're like, okay, I'm going to do AI. Yeah, I know I did this last 18 months of work, maybe three months of it's recoverable because that's the opportunity. And that pivoting towards big new opportunities is one of the things that really creates these successful businesses.
Because we want to tell this heroic story where she or he had this original vision that came down from on high and they came down with the two stone tablets. And they said, I've got this vision that goes on forever. And that's the reason I'm a genius. And it's like, well, actually, in fact, a lot of things happen forever.
Because we want to tell this heroic story where she or he had this original vision that came down from on high and they came down with the two stone tablets. And they said, I've got this vision that goes on forever. And that's the reason I'm a genius. And it's like, well, actually, in fact, a lot of things happen forever.
Because we want to tell this heroic story where she or he had this original vision that came down from on high and they came down with the two stone tablets. And they said, I've got this vision that goes on forever. And that's the reason I'm a genius. And it's like, well, actually, in fact, a lot of things happen forever.
Because we want to tell this heroic story where she or he had this original vision that came down from on high and they came down with the two stone tablets. And they said, I've got this vision that goes on forever. And that's the reason I'm a genius. And it's like, well, actually, in fact, a lot of things happen forever.