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Reid Hoffman

πŸ‘€ Speaker
See mentions of this person in podcasts
5528 total appearances

Appearances Over Time

Podcast Appearances

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

It can be customers who go, okay, you're a startup, but I'm going to start using you now anyway, because I believe you will be the right thing in the future. All of these things is what you do as an entrepreneur is you persuade people to come and help build your vision. When you're the first mover to scale, you have a lot more of those people believing in you and therefore investing in you.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

It can be customers who go, okay, you're a startup, but I'm going to start using you now anyway, because I believe you will be the right thing in the future. All of these things is what you do as an entrepreneur is you persuade people to come and help build your vision. When you're the first mover to scale, you have a lot more of those people believing in you and therefore investing in you.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Your cost of customer acquisition is lower. Your cost and speed of recruiting employees is lower. Your cost of capital is lower, et cetera, et cetera.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Your cost of customer acquisition is lower. Your cost and speed of recruiting employees is lower. Your cost of capital is lower, et cetera, et cetera.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Your cost of customer acquisition is lower. Your cost and speed of recruiting employees is lower. Your cost of capital is lower, et cetera, et cetera.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Your cost of customer acquisition is lower. Your cost and speed of recruiting employees is lower. Your cost of capital is lower, et cetera, et cetera.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Your cost of customer acquisition is lower. Your cost and speed of recruiting employees is lower. Your cost of capital is lower, et cetera, et cetera.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Brand can definitely be a strong part of it, but it's also the question of who do each of these groups think is going to win? So it's a little bit different. I mean, brand is also what is your brand promise? What are you going to become? And, you know, awareness is part of it, but it's like, okay. We think you're going to win.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Brand can definitely be a strong part of it, but it's also the question of who do each of these groups think is going to win? So it's a little bit different. I mean, brand is also what is your brand promise? What are you going to become? And, you know, awareness is part of it, but it's like, okay. We think you're going to win.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Brand can definitely be a strong part of it, but it's also the question of who do each of these groups think is going to win? So it's a little bit different. I mean, brand is also what is your brand promise? What are you going to become? And, you know, awareness is part of it, but it's like, okay. We think you're going to win.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Brand can definitely be a strong part of it, but it's also the question of who do each of these groups think is going to win? So it's a little bit different. I mean, brand is also what is your brand promise? What are you going to become? And, you know, awareness is part of it, but it's like, okay. We think you're going to win.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Brand can definitely be a strong part of it, but it's also the question of who do each of these groups think is going to win? So it's a little bit different. I mean, brand is also what is your brand promise? What are you going to become? And, you know, awareness is part of it, but it's like, okay. We think you're going to win.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Now, when you have dynamics like a network effect, then your brand might be mediocre, but a network effect is incredibly good within a business or within a, you know, any kind of entity that has it. It's a very strong amplifier.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Now, when you have dynamics like a network effect, then your brand might be mediocre, but a network effect is incredibly good within a business or within a, you know, any kind of entity that has it. It's a very strong amplifier.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Now, when you have dynamics like a network effect, then your brand might be mediocre, but a network effect is incredibly good within a business or within a, you know, any kind of entity that has it. It's a very strong amplifier.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Now, when you have dynamics like a network effect, then your brand might be mediocre, but a network effect is incredibly good within a business or within a, you know, any kind of entity that has it. It's a very strong amplifier.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

Now, when you have dynamics like a network effect, then your brand might be mediocre, but a network effect is incredibly good within a business or within a, you know, any kind of entity that has it. It's a very strong amplifier.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

So the basic idea was to say, when you're hyperscaling to a market, obviously everyone wants to have as much revenue and as much customers in our house per employee is one of the ways to benchmark businesses. But almost all businesses also get to growing their employee base for various reasons.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

So the basic idea was to say, when you're hyperscaling to a market, obviously everyone wants to have as much revenue and as much customers in our house per employee is one of the ways to benchmark businesses. But almost all businesses also get to growing their employee base for various reasons.

Young and Profiting with Hala Taha
Reid Hoffman: LinkedIn Co-Founder on Building and Scaling Massively Valuable Companies Fast | Entrepreneurship | E332

So the basic idea was to say, when you're hyperscaling to a market, obviously everyone wants to have as much revenue and as much customers in our house per employee is one of the ways to benchmark businesses. But almost all businesses also get to growing their employee base for various reasons.