IN THIS EPISODE, YOU’LL LEARN:

• Sam Walton’s 10 pieces of advice for building a successful business.
• What Amazon learned from Walmart.
• Why it is a big problem if your team is not complaining.
• Ask the Investors: Are Warren and Charlie the competitive advantage of Berkshire Hathaway?

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Stig Brodersen  0:00

In today’s classic episode that originally aired back in February 2019, Preston and I discuss the lessons we learned from Silicon Valley billionaire Reid Hoffman. Hoffman established his fame in the Valley by being the COO of PayPal and working alongside people like Elon Musk and Peter Thiel. 

After PayPal, Hoffman went on to found LinkedIn in 2002, and in December 2019 sold Linkedin to Microsoft for $26B.

Also, through the years, Hoffman has invested in some of the most promising companies like Airbnb, Blockstream, and many others.

During this classic episode, we will be covering some really interesting points about business and how Hoffman was so successful in building startup companies that have been turned into multi-billion dollar enterprises. Let’s get started.

Preston Pysh  0:02  

On today’s show, we cover Silicon Valley billionaire Reid Hoffman. Hoffman established his fame in the Valley by being the CEO of PayPal and working alongside people like Elon Musk and Peter Thiel. 

After PayPal, Hoffman went on to found LinkedIn in 2002, with two former colleagues of a failed startup he attempted before PayPal called Social Net. Through the years, Hoffman has invested in some of the most promising companies like Airbnb, Blockstream, coupons.com, and many others. 

During our show, we’re going to be covering some really interesting points about business and how Hoffman was so successful in building startup companies that have been turned into multi-billion dollar enterprises. Let’s get started.

Intro  0:45  

You are listening to The Investor’s Podcast, where we study the financial markets and read the books that influenced self-made billionaires the most. We keep you informed and prepared for the unexpected.

Preston Pysh  1:06  

Hey everyone, welcome to the show. I’m your host Preston Pysh. As always, I’m accompanied by my co-host Stig Brodersen. Like we said in the introduction, we’re going to be covering billionaire Reid Hoffman today. Let’s go ahead and just jump right into the show. 

For the first question, we’re going to play when Reid was asked the question, “What is the secret to success in Silicon Valley?” This was how he responded.

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BOOKS AND RESOURCES

• The Investor’s Podcast’s episode about Reid Hoffman’s book, The Start-up of you.
• Kai-Fu Lee’s book, AI Superpowers – Read reviews of this book.
• One of Steve Jobs’ favorite books, Inside the Tornado – Read reviews of this book.
• John Carreyrou’s book, Bad Blood – Read reviews of this book.
• Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
• Check out our favorite Apps and Services.
• New to the show? Check out our We Study Billionaires Starter Packs.
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