On Purpose with Jay Shetty7 Feb 2022

Reid Hoffman ON: The Entrepreneur’s Mindset & Why What Got You Here Won’t Get You There

Do you want to meditate daily with me? Go to go.calm.com/onpurpose to get 40% off a Calm Premium Membership. Experience the Daily Jay. Only on Calm Jay Shetty chats with Reid Hoffman about entrepreneurship. As a known personality in the business world, Reid tells us how business people become successful entrepreneurs, how to identify which ideas are worth cultivating, the art of saying “Not right now”, and the value behind experimentation. Reid is an internet entrepreneur, venture capitalist, podcaster, and author. Hoffman was the co-founder and executive chairman of LinkedIn, a business-oriented social network used primarily for professional networking. He is currently a partner at the venture capital firm Greylock Partners. He's also the host of the Masters of Scale Podcast, where he shows how companies grow from zero to a gazillion, testing his theories with legendary leaders. Want to be a Jay Shetty Certified Life Coach? Get the Digital Guide and Workbook from Jay Shetty https://jayshettypurpose.com/fb-getting-started-as-a-life-coach-podcast/ What to Listen For: 00:00 Intro 03:11 How did you become an entrepreneur? 05:44 The mistake you shouldn’t avoid 08:57 Defining growing and scaling a business 13:28 The ideas that will actually work 17:53 Frequently, you'll say, “Not right now.” 20:27 Every YES involves a leap of faith 23:47 If it’s really important, experiment with it 26:33 The path that got you here isn’t the path that will get you there 30:51 Ask, “What won’t work about this idea?” 38:28 The most critical part of hiring 42:15 Culture should always seek excellence, but specific 46:54 Spend time observing the unguided and unforced interaction with the product or service 50:54 Entrepreneurial journeys are team sport 53:12 Reid on Fast Five Episode Resources Reid Hoffman | LinkedIn Reid Hoffman | Twitter Reid Hoffman | Website Masters of Scale Podcast See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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