Reid Hoffman

Well, by the way, he's right that, look, we're going to have a ton of agents. And I think the agents will be composed of multiple models. But to count out the next level of scale models as being important in creating a number of quality agents is just incorrect.

Well, by the way, he's right that, look, we're going to have a ton of agents. And I think the agents will be composed of multiple models. But to count out the next level of scale models as being important in creating a number of quality agents is just incorrect.

do you worry when you look at the pricing of some of the investments going down today that it's just a complete bubble well so when everyone understands that a technology transformation is happening a bunch of people make foolish investments it happened in the internet it happened in mobile right it happens

do you worry when you look at the pricing of some of the investments going down today that it's just a complete bubble well so when everyone understands that a technology transformation is happening a bunch of people make foolish investments it happened in the internet it happened in mobile right it happens

do you worry when you look at the pricing of some of the investments going down today that it's just a complete bubble well so when everyone understands that a technology transformation is happening a bunch of people make foolish investments it happened in the internet it happened in mobile right it happens

But because there's some foolish investments doesn't mean there aren't also really good investments that change. And so part of the work for being a good investor is to on a probability basis, because you will make some foolish investments too, to make sure that you have some of the really good ones.

But because there's some foolish investments doesn't mean there aren't also really good investments that change. And so part of the work for being a good investor is to on a probability basis, because you will make some foolish investments too, to make sure that you have some of the really good ones.

But because there's some foolish investments doesn't mean there aren't also really good investments that change. And so part of the work for being a good investor is to on a probability basis, because you will make some foolish investments too, to make sure that you have some of the really good ones.

And by the way, sometimes the decision of foolish or wise is doing something that may seem like it's a crazy price.

And by the way, sometimes the decision of foolish or wise is doing something that may seem like it's a crazy price.

And by the way, sometimes the decision of foolish or wise is doing something that may seem like it's a crazy price.

When I did the series A of Airbnb, there were 60 million posts. At that time, the founders probably could have gotten on the phone all week and called every single person who had used an Airbnb that week if they were working through the call list. So it was a very small transactional volume. And the question is, would it grow? What would happen with cities?

When I did the series A of Airbnb, there were 60 million posts. At that time, the founders probably could have gotten on the phone all week and called every single person who had used an Airbnb that week if they were working through the call list. So it was a very small transactional volume. And the question is, would it grow? What would happen with cities?

When I did the series A of Airbnb, there were 60 million posts. At that time, the founders probably could have gotten on the phone all week and called every single person who had used an Airbnb that week if they were working through the call list. So it was a very small transactional volume. And the question is, would it grow? What would happen with cities?

What would happen with market acceptance? There's a bunch of other things. But part of the way that I invest is I go, look, if I'm right, if the theory of this investment is correct, then it will transform an industry. And that's what I tend to do as an investor. It's majority of my investments, not all, there's sometimes other things.

What would happen with market acceptance? There's a bunch of other things. But part of the way that I invest is I go, look, if I'm right, if the theory of this investment is correct, then it will transform an industry. And that's what I tend to do as an investor. It's majority of my investments, not all, there's sometimes other things.

What would happen with market acceptance? There's a bunch of other things. But part of the way that I invest is I go, look, if I'm right, if the theory of this investment is correct, then it will transform an industry. And that's what I tend to do as an investor. It's majority of my investments, not all, there's sometimes other things.

But if that plays out to be the case, and so then is my theory of my investment at least a reasonable probability, right? Like it has a reasonable chance of working. And that's why I did the Airbnb one. So that would be one example. But I also tend to be more careful about part of the discipline that I've learned from Silicon Valley is when you look at a seed, a series A, a series B.

But if that plays out to be the case, and so then is my theory of my investment at least a reasonable probability, right? Like it has a reasonable chance of working. And that's why I did the Airbnb one. So that would be one example. But I also tend to be more careful about part of the discipline that I've learned from Silicon Valley is when you look at a seed, a series A, a series B.

But if that plays out to be the case, and so then is my theory of my investment at least a reasonable probability, right? Like it has a reasonable chance of working. And that's why I did the Airbnb one. So that would be one example. But I also tend to be more careful about part of the discipline that I've learned from Silicon Valley is when you look at a seed, a series A, a series B.