Blitzscaling with Reid Hoffman and Chris Yeh
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 8 November 2018
⏱️ 37 minutes
🔗️ Recording | iTunes | RSS
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Summary
This year we’ve had some pretty impressive CEOs and entrepreneurs on the show. It continues today with Reid Hoffman. If you don’t know the name, you definitely know some of the products he was behind. How about PayPal or LinkedIn? Today we’re joined by Hoffman and Chris Yeh, co-authors of the new book, Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or Airbnb?  Yet those who actually manage to do so are exceedingly rare. So what separates the startups that get disrupted and disappear from the ones that grow to become global giants? The secret is blitzscaling: a set of techniques for scaling up at a dizzying pace that blows competitors out of the water. The objective of blitzscaling is not to go from zero to one, but from one to one billion, as quickly as possible. When growing at a breakneck pace, getting to the next level can require very different strategies from those that got you to where you are today. In a book inspired by their popular class at Stanford Business School, Hoffman and Yeh reveal how to navigate the necessary shifts and weather the unique challenges that arise at each stage of a company’s life cycle, such as: How to design business models for igniting and sustaining relentless growthStrategies for hiring and managingHow the role of the founder and company culture must evolve as the business matures If you have a money question, just email me! “Better Off” is sponsored by Betterment. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ http://www.stitcher.com/podcast/jill-on-money https://apple.co/2pmVi50
Transcript
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| 0:00.0 | Hi, it's Jill Schlesinger, and on this episode of Better Off, we're talking to Reed |
| 0:07.8 | Hoffman, co-founder of LinkedIn, and his co-author Chris Yeay they're talking about Blitz scaling. |
| 0:14.4 | In Silicon Valley, which is this tiny little fraction of the world. |
| 0:17.6 | The whole area has 4 million people, and yet it's about half of the NASDAQ. Why is that? And it's this |
| 0:25.7 | split scaling. It's just going to scale very quickly, taking a lot of risks and |
| 0:31.5 | doing things that classic business people would say that's kind of foolish. |
| 0:37.0 | Welcome to the Better Off Podcast. We're sponsored by Betterment, the largest independent online financial advisor. |
| 0:45.0 | I accosted this dude in the CBS Green Room. |
| 0:48.8 | Reed Hoffman is the co-founder of LinkedIn. |
| 0:51.1 | He's a partner at Greelock Partners, is co-author of LinkedIn he's a partner at Greelock partner is co-author of the |
| 0:54.4 | startup of you and the alliance and you know he's got this new book out it's called |
| 0:59.5 | Blitz scaling and you know every other podcast every other show they have just read on but I |
| 1:04.8 | wanted his co-author on as well because I feel like the co-author probably did a |
| 1:08.6 | lot of the heavy lifting don't you think Mark like he probably did a ton of work |
| 1:12.3 | and he doesn't get on any of the broadcasts. |
| 1:14.4 | So in this interview with Reed Hoffman and Chris Yay, we do talk about their new book Blitz scaling, |
| 1:21.7 | the lightning fast path to building massively valuable companies. |
| 1:26.2 | But you know what else we talk about? |
| 1:28.0 | We talk about Facebook and the responsibility of social media platforms to actually police their sites to scrub what goes up and |
| 1:37.3 | out and why they have been complete weenies, maybe up until this moment. So here is a really interesting interview |
| 1:45.0 | with Reed Hoffman and Chris Yea. |
| 1:48.0 | You're listening to Better Off with Jill Schlesinger. |
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