Reid Hoffman

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Reid Hoffman, 2011

Reid Garrett Hoffman (* 5. August 1967 in Stanford , California ) is a US -American entrepreneur and author . Hoffman is best known as the co-founder of LinkedIn . He was a junior product manager at Apple and Fujitsu , an executive at the internet service provider PayPal , a private investor, an institutional investor, the founder and CEO of the venture capital company LinkedIn, and an independent board member of both private and public companies.

Career

Hoffman was born to Deanna Ruth Rutter and William Parker Hoffman Junior and grew up in Berkeley , California . Hoffman attended The Putney School, where he made his own maple syrup , drove oxen, and studied epistemology . He completed his studies in 1990 at Stanford University with a Bachelor of Science in symbol systems and cognitive science (where he received both a Marshall Scholarship and the Dinkelspiel Award). In 1993 he received a Masters of Arts in Philosophy from Oxford University .

In 1994 Hoffman joined Apple Computer, where he worked on eWorld , an early attempt at creating a social network. eWorld was acquired by AOL in 1996. He later worked at Fujitsu before co-founding SocialNet.com, his first own company, in 1997. This focused on "dating online and bringing people together with similar interests, such as golfers looking for a partner in their area."

In 2018 Hofman was elected to the American Academy of Arts and Sciences .

PayPal

While at SocialNet, Hoffman also served on the board of directors in founding PayPal , an electronic money transfer service. In January 2000 he left SocialNet and became a full-time managing director of PayPal. Allen Blue, who Hoffman had hired at PayPal, said: "PayPal had to fight for every market advantage it had and Reid became a specialist in holding its own in this extremely competitive environment." He was responsible for all of PayPal's external relationships, such as the payment infrastructure (VISA, MasterCard, ACH, WellsFargo), business expansion (eBay, Intuit and others), management and legal matters. Peter Thiel, Hoffman's supervisor at PayPal, said: "He was the chief firefighter at PayPal. This reduces his position, however, because there were a lot of fires at the time." At the time PayPal was acquired by eBay for US $ 1.5 billion in 2002, he was Managing Director of PayPal.

LinkedIn

Reid Hoffman speaks at an event

Hoffman founded LinkedIn in December 2002 with two former SocialNet colleagues (including Allen Blue). One of these was a former fellow student, the other a colleague from Hoffman's time at Fujitsu. On May 5, 2003, it was launched as one of the first business-oriented social networks. Peter Thiel and Keith Rabois, both of Hoffman's colleagues at PayPal, invested in LinkedIn. In November 2012, LinkedIn already had more than 187 million registered users in over 200 countries. Registered users can manage a list of so-called connections on the site. These are people with whom the user can have a relationship on various levels. Users can also invite people (regardless of whether they are already registered with LinkedIn or not) to add them to their connections. According to Forbes, "LinkedIn is by far the most beneficial social network for job seekers and professionals today."

Hoffman was the founding executive director of LinkedIn for the first four years before eventually becoming chief executive and president in February 2007. In May 2007, LinkedIn finally celebrated its first year of profitability. In June 2009, Hoffman became the chief executive officer. Since LinkedIn went public on May 19, 2011, Hoffman has an estimated US $ 2.34 billion equity interest, excluding any earnings from Greylock Partners , of which he was named a partner in 2009.

Investments

After selling PayPal to eBay, Hoffman became one of the most productive and successful private investors in Silicon Valley . In 2010, Hoffman became a member of Greylock Partners and manages their US $ 20 million Discovery fund. At Greylock, his focus is on consumer and services, business software, internet services, enterprise 2.0, mobile phones, social gaming, online marketplaces, payment processes and social networks.

Facebook

According to David Kirkpatrick's book The Facebook Effect , Hoffman arranged the first meeting between Mark Zuckerberg and Peter Thiel , which resulted in Thiel's initial investment of US $ 500,000 in the company. In addition to Thiel, Hoffman also invested in Facebook during the first financing round.

Zynga

Hoffman personally invested in Zynga's first round of funding and became a member of the company's board of directors. Hoffman and Zynga CEO Mark Pincus jointly own the Six Degrees patent. Zynga had a market value of US $ 2.48 billion in 2012 (as of August 2012).

Other investments

His other investments include Wikia , Permuto, Six Apart , thesixtyone, Tagged , IronPort, Flickr , Digg , Ping.fm, Nanosolar, Care.com, Knewton, Kongregate, Last.fm , Technetto, OneKingsLane, Wrapp, Edmodo , Vendio and shopkick.

He is one of the main sponsors of the Ethics and Governance of Artificial Intelligence Fund .

Public performances

Hoffman is a regular visitor to the World Economic Forum in Davos, Switzerland and participated in the Bilderberg Meetings in 2011, 2012 and 2019.

Hoffman is co-organizer of The Weekend To Be Named Later, a Ben Franklin-inspired gathering of ambitious friends who are thinking about how to change the world. He was a speaker at the X-Prize Foundation conference and the TED conference in Long Beach 2012. He is a frequent speaker at Stanford University , Oxford University , Harvard University , the MIT Media Lab and other institutions. He has also appeared on "The Charlie Rose Show," Fareed Zakaria's "Global Public Square" on CNN, and other televised news programs.

From June 11th to 14th, 2015 he took part in the 63rd Bilderberg Conference in Telfs-Buchen , Austria .

Honorary positions

Hoffman is a board member of Do Something as well as Kiva.org (a microfinance organization), Mozilla and Endeavor Global , an international development NPO that finds and supports emerging market entrepreneurs. Hoffman is also a supporter of QuestBridge .

Fonts

  • 2009 Let Startups Bail Us Out in: Washington Post .
  • (with Ben Casnocha) The start-up strategy: How to make a career along the lines of the most successful companies in the world - a bestseller with a circulation of over 100,000.

Reviews

  • Publisher's Weekly: ... the book "contains a lot of valuable guidance that applies to every profession. This book will not only help readers survive in times of great uncertainty, but also stand out from the crowd and be successful at the same time."
  • The Economist says that "Hoffman and Casnocha make some astute observations about changes in the world of work".

honors and awards

  • In 2012, Hoffman was ranked 3rd on the Forbes Midas list of Top Tech Investors.
  • 2012 Newsweek and The Daily Beast: "Digital Power Index", a list of the 100 most important people in the digital world for the year on which Hoffman was 3rd in the "Sponsors" category.
  • LinkedIn's Reid Hoffman and Jeff Weiner shared the 2011 Earnest and Young US Entrepreneur of the Year award.
  • 2010 number 17 on the Fast Company list of "100 Most Creative People In Business".
  • 2012 TechAmerica the "David Packard Medal of Achievement Award"
  • 2017 Commander of the Order of the British Empire

Web links

Individual evidence

  1. ^ Thomas L. Friedman: Opinion - The Start-Up of You. In: nytimes.com. July 12, 2011, accessed July 20, 2017 .
  2. ↑ Bigelow, Catherine (April 30, 2012). Citizens United for Research in Epilepsy SF benefit . The San Francisco Chronicle.
  3. ↑ http://www.losaltosonline.com/index.php?option=com_content&task=view&id=25760&Itemid=177
  4. ↑ Lacter, Mark (May 2009). "Reid Hoffman LinkedIn". Inc. 31 (4): 83.
  5. ↑ a b c d The Start-Up of You: Adapt to the Future, Invest in Yourself, and Transform your Career. New York: Crown Business. 2012. ISBN 978-0307888907 .
  6. ^ Reid G. Hoffman: Chairman and Co-Founder, LinkedIn Corporation. Bloomsberg Business.
  7. ↑ a b c Reid Hoffman Revealed: Bloomberg Gamechangers . Bloomberg Television. Accessed December 15, 2012.
  8. ↑ a b c Rusli, Evelyn (November 5, 2011). A King of Connections Is Tech's Go-To Guy . The New York Times. Accessed December 15, 2012.
  9. ↑ a b LinkedIn: About . LinkedIn. Accessed December 15, 2012.
  10. ↑ Your LinkedIn Intervention: 5 Changes You Must Make . Forbes. Accessed December 15, 2012.
  11. ^ LinkedIn: Reid Hoffman . Accessed December 15, 2012.
  12. ^ Levy, Ari (May 19, 2011). LinkedIn's Biggest Backers Will Own $ 2.5 Billion Stake After Initial Sale . Bloomberg.
  13. ↑ http://techcrunch.com/2010/09/27/greylock-gives-super-angel-turned-vc-reid-hoffman-a-20-million-seed-fund/
  14. ↑ Endeavor's Board of Directors: Reid Hoffman . Endeavor Global. Accessed December 15, 2012.
  15. ↑ [1]
  16. ↑ [2]
  17. ↑ http://www.allfacebook.com/the-zynga-influence-2009-09
  18. ↑ http://www.google.com/finance?q=znga
  19. ↑ LinkedIn http://www.linkedin.com/in/reidhoffman
  20. ^ Final List of Participants . Bilderberg Meetings 2011.
  21. ↑ Final List of Participants ( Memento from June 1, 2012 in the Internet Archive ) . Bilderberg Meetings 2012.
  22. ^ Hoffman, Reid (March 3, 2009). Let Start-Ups Bail Us Out . The Washington Post. Accessed December 14, 2012.
  23. ↑ Ben Casnocha's blog
  24. ^ Nonfiction Review: The Start-Up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career . Publishers Weekly. Accessed December 14, 2012.
  25. ↑ Becoming a social worker: What finding jobs and founding businesses have in common . The Economist. Retrieved December 14, 2012.
  26. ^ Reid Hoffman - Forbes . Forbes.com. Accessed December 14, 2012.
  27. ^ The Newsweek Daily Beast Digital Power Index ( June 25, 2012 memento in the Internet Archive ) . The Daily Beast. Accessed December 14, 2012.
  28. ↑ Ernst & Young Entrepreneur Of The Year ( Memento of the original from January 3, 2013 in the Internet Archive ) Info: The @1@ 2Template: Webachiv / IABot / www.ey.com archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . Ernst & Young. Accessed December 14, 2012.
  29. ↑ The 100 Most Creative People in Business 2010 ( Memento of the original from November 16, 2012 in the Internet Archive ) Info: The @1@ 2Template: Webachiv / IABot / www.fastcompany.com archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . Fast Company. Accessed December 14, 2012.
  30. ↑ Foremski, Tom (10 October 2012). LinkedIn's Reid Hoffman Awarded David Packard Lifetime Achievement Medal . Silicon Valley Watcher. Accessed December 14, 2012.
personal data
SURNAME Hoffman, Reid
ALTERNATIVE NAMES Hoffman, Reid Garrett
BRIEF DESCRIPTION American entrepreneur and author
DATE OF BIRTH 5th August 1967
PLACE OF BIRTH Standord , California , United States