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Thrivetime Show | Business School without the BS

Jumping of a Cliff and Assembling an Airplane on the Way Down (Reid Hoffman’s Take on Entrepreneurship)

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 14 March 2018

⏱️ 23 minutes

🧾️ Download transcript

Summary

The founder of Linkedin, Reid Hoffman describes entrepreneurship as jumping off a cliff and assembling an airplane on the way down. Clay and Doctor Zoellner break down Reid Hoffman’s world-view of what being an entrepreneur feels like.

Transcript

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0:00.0

Attend the world's best business workshop led by America's number one business coach for free

0:08.0

by subscribing on iTunes and leaving us an objective review.

0:12.0

Claim your tickets by emailing us proof that you did it

0:14.6

and your contact information to info at drivetime show.com.

0:20.0

All right, drive nation, welcome back to the conversation. We're breaking down the words of wisdom from Reed Hoffman.

0:27.1

Who's Reed Hoffman? Reed Hoffman is one of the founders of the company called Paypal.

0:33.0

Paypal.

0:34.4

He teamed up with Elon Musk, the guy you know

0:38.1

from Tesla and SpaceX and Solar City. Tesla, this is the Elon Musk, he teamed up with him and Peter Teal, one of the initial

0:48.9

funders of Facebook, they grew PayPal, that he went on to start a company by the name of LinkedIn, which he

0:55.5

sold in 2016.

0:57.4

Zee, could you imagine what it would be like to sell a company for $ billion dollars of cash to Microsoft.

1:05.0

It's hard to even get your head wrapped around.

1:07.0

I don't even understand it.

1:08.0

I think you'd have to be like when they told you now,

1:11.0

we've transferred the money over now what would that feel like

1:15.3

z 26 billion pretty awesome I guess you know he'd be like Forrest Gump you know in the

1:21.7

movie when he says you know when he hit the he bought all that stock and he made all that money said now

1:27.4

Money is one last thing I have to worry about you know, you know, you just he just never that's never an issue you know just like poop you know, so just never, that's never an issue, you know, just like, you know.

1:33.6

So here is the notable courtable. I want to break down. I want to get your take on this there,

1:37.6

Mr Charles Co-law with Co-law Fitness. Reed Hoffman says, when you found a startup, you're metaphorically jumping off a cliff and

1:45.0

assembling a plane on the way down.

...

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